Global housing market revisits 2006 bubble – With insights from The Wall Street Journal

Limited inventory, low interest rates and bidding wars are driving prices sky-high, reports The Wall Street Journal's Nicole Friedman.
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There's a saying in financial markets that when America sneezes, the rest of the world catches 'flu. On the flip side, when it recovers so does the other 75% of the global economy. So, notwithstanding uniquely SA factors, we should pay attention to the powerful boom in US house prices. American realtors say the house market hasn't been this hot since the pre-GFC bubble when loans were plentiful including for NINJA buyers (No Income, No Job, No Assets). Here's the insight from our partners at The Wall Street Journal. – Alec Hogg

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