Summary
Welcome to edition 41 of the Boom Bust Bulletin. If the 18.6-year Real Estate Cycle had a season, then we would today be entering autumn. And with this, more emotion, more volatility, and further pressure on the ‘real’ economy. At the time of writing, July 29th, we await a number of the world’s most important global central banks to announce their most recent interest rate decisions. Be …
Key Claims
- 8 © Property Sharemarket Economics “The second half of 2024 is widely expected to see the beginnings of a slow and gradual return of buyers into the housing market,” said James Mabey, Chair of CREA. Those buyers will face a considerably different shopping experience depending on where they are in Canada, from multiple offers in places like Calgary, to the most inventory to choose from in over a decade in places like Toronto.” Source – CREA Source – CREA — confidence: medium
- 20 © Property Sharemarket Economics Source – Herald Sun Immediately, my thoughts returned to a similar discussion at this time during the last real estate cycle. Note the date of the article (2006). Source - abcnews.com.au. How useful is a little knowledge of history? The set up is in, and history is about to repeat. — confidence: medium
Notable Quotes
“At the time of writing, July 29th, we await a number of the world’s most important global central banks to announce their most recent interest rate decisions.”
“Remember, you can always contact me via my email address darren@ propertysharemarketeconomics.com with your questions, queries, and feedback.”
“We must always start with the US given it has led the world into and out of every real estate cycle now for over two hundred years.”
“2024 was always shaping as an important year for the country given the November presidential election.”