From New Zealand to Florida, these real estate markets are seeing the fastest-growing home prices on Earth Fortune 2 hrs ago © Provided by Fortune
Homebuyers, beware: From Auckland to Seattle, the cost of buying a home has surged to levels not seen since the height of the housing bubble, roughly 15 years ago, in the latest warning sign of inflationary pressures, new research showed.
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The global data is a wake-up call for policymakers, especially as fresh stimulus spending programs continue to alter every corner of the financial market. The Trump and Biden administrations, for example, have pushed trillions of stimulus spending on the U.S. economy leaving American savers flush with cash. Meanwhile, first disbursements of Europe s €720-billion-plus ($875 billion) Recovery and Resilience Fund are expected to begin in the coming days.
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