Across the globe, the housing boom is ending. In the US, a freeze is approaching, creating a barrier to entry for new homebuyers. In countries like New Zealand, Canada, Germany and France, a shortage of homes is colliding with a slowdown of new construction due to higher borrowing rates. And in the UK, landlords are bracing for pain as floating rate mortgages reset and the cost of living hits the highest level in a generation.

Bloomberg’s Kara Wetzel and Ari Altstedter join this episode for a look at how the housing market is adjusting to higher interest rates, leaving homeowners trying to keep pace and buyers struggling to enter the market. 

Read more: Higher Interest Rates Are Shattering Housing Dreams Around the World

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

Across the globe, the housing boom is ending. In the US, a freeze is approaching, creating a barrier to entry for new homebuyers. In countries like New Zealand, Canada, Germany and France, a shortage of homes is colliding with a slowdown of new construction due to higher borrowing rates. And in the UK, landlords are bracing for pain as floating rate mortgages reset and the cost of living hits the highest level in a generation.
Bloomberg’s <a href="https://www.bloomberg.com/authors/APRFQnA4uEc/kara-wetzel">Kara Wetzel</a> and <a href="https://www.bloomberg.com/authors/AQ1oDwvjUBA/ari-altstedter">Ari Altstedter</a> join this episode for a look at how the housing market is adjusting to higher interest rates, leaving homeowners trying to keep pace and buyers struggling to enter the market. 
Read more: <a href="https://www.bloomberg.com/news/articles/2023-11-21/high-interest-rates-are-crushing-the-global-real-estate-market?srnd=bigtake">Higher Interest Rates Are Shattering Housing Dreams Around the World</a>
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: <a href="https://bloom.bg/3F3EJAK">https://bloom.bg/3F3EJAK</a> 
Have questions or comments for Wes and the team? Reach us at <a href="mailto:bigtake@bloomberg.net">bigtake@bloomberg.net</a>.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

It Is Not A Good Time to Be A New Homebuyer. Anywhere

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8452b022-799a-4261-832a-b0cf016b099d/transcript

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