Why house prices have risen once again
Across the rich world, they have brushed off higher rates. Can that last?
In parts of San Francisco, the housing market is in dire straits. Consider the example of one swish apartment close to City Hall, with quartz countertops and a rooftop deck, which in 2019 sold for $1.25m. Not today. After the chaos of the covid-19 pandemic, City Hall now overlooks the locus of the city’s drug problems. Biblical scenes of lawlessness and human suffering play out every night. The flat is now listed for $769,000—and has yet to sell.
This article appeared in the Finance & economics section of the print edition under the headline “Walking on air”
Finance & economics November 25th 2023
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- Why house prices have risen once again
- Investors are going loco for CoCos
- The obesity pay gap is worse than previously thought
- How will America’s economy fare in 2024? Don’t ask a forecaster
- The rich world claims it has paid its overdue climate debts
- Another crypto boss falls
- How to save China’s economy
From the November 25th 2023 edition
Discover stories from this section and more in the list of contents
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The great-man theory of Wall Street
Why finance is still dominated by bold individuals
Hong Kong’s property slump may be terminal
Demographics and geopolitics will make a recovery harder
Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election victory
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts
Why Black Friday sales grow more annoying every year
Nobody is to blame. Everyone suffers
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer