Defying gravity
House prices will continue to defy gravity until rates and costs fall.
Economics | American house prices
Real estate investors have had a wild few years. Rate hikes made building more expensive and hampered buyers' purchasing power. But public and private markets have had opposing reactions. As public real estate indexes fell, house prices rose. The MSCI World Real Estate Exchange Traded Fund (ETF) fell 24% last year. At thβ¦