Wall Street’s housing grab continues
As rising rates deter families from buying, being a rentier looks as appealing as ever
Spring weather often brings a stampede of homebuyers. Blossoming flowers and gushing sunlight after the winter slog make homes look more inviting. Not this year, though. Across the rich world house-hunters perturbed by high prices and rising rates are holding fire on mortgage applications. In America new home sales have crashed to two-year lows.
This article appeared in the Finance & economics section of the print edition under the headline “Home run”
From the May 28th 2022 edition
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