In Australia and the U.S. real estate is looking like it’s taking a turn for the worse. There are certainly a few bright spots but the the trend is making itself known. Sales are down, interest rates are up, and the general sentiment is very shaky and uncertain. All those who bit off more than they can chew are not even aware of what they got themselves into.
House prices drop in Sydney, Melbourne stalls
https://www.news.com.au/finance/house-prices-drop-in-sydney-as-melbourne-prices-stall/news-story/5dfee82d7d18f97413b5a5c6884824fe
Construction set for its biggest fall since the global financial crisis - ABC News (Australian Broadcasting Corporation)
http://www.abc.net.au/news/2018-07-23/construction-set-for-biggest-fall-since-2008/10024948
Bank loan rules change: Refinancing home loan no longer an option for many
https://www.news.com.au/finance/real-estate/buying/aussie-homeowners-trapped-in-mortgage-prison/news-story/5467fbbdc933cbe18ab9019e81381885
Land tax increase in Victoria means tenants will pay more rent
https://www.news.com.au/finance/real-estate/buying/renters-resort-to-paying-for-tents-and-shared-rooms-due-to-high-cost-of-living/news-story/d3977d7c436ad9b4e94f11a56dee0fcb
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Southern California home sales crash, a warning sign to the nation
https://www.cnbc.com/2018/07/24/southern-california-home-sales-crash-a-warning-sign-to-the-nation.html
International buyers are dropping out of US housing market
https://www.cnbc.com/2018/07/26/international-buyers-are-dropping-out-of-us-housing-market.html
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U.S. housing market could be headed for worst slowdown in years - Article - BNN
https://www.bnnbloomberg.ca/the-u-s-housing-market-looks-headed-for-its-worst-slowdown-in-years-1.1114264
U.S. Median Home Price Appreciation Decelerates in Q2 2018 to Slowest Pace in Two Years - ATTOM Data Solutions
https://www.attomdata.com/news/market-trends/home-sales-prices/q2-2018-u-s-home-sales-report/
