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Global home prices: the road back to earth

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      <subfield code="a">Global home prices: the road back to earth</subfield>
      <subfield code="c">John Zhu, Fernando Casanova Aizpún</subfield>
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      <subfield code="a">As mortgage rates rise and housing affordability decreases, a correction in global home prices is underway. We see an orderly re-adjustment over the coming 12-24 months, mitigated by macroprudential regulation and low rates "locked in" in major markets like the US. As housing markets normalise, rent increases are also expected to slow  a welcome source of disinflation</subfield>
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