Housing markets in focus: The US, Canada and Europe

House prices experienced sharp increases in most developed economies during the last decade as record-low interest rates supported demand for property. The tightening of global monetary conditions over the past year has driven a softening of house prices, which in some key markets are expected to decline in 2023 and 2024. The degree of impact, of course, varies by market.    In this episode — the first of three on housing markets — our experts look at the US, Canada and Europe. What are the common themes? What are the distinguishing traits of these markets? What is the direction of travel of house prices, and what are the potential risks to those markets?   Featured speakers: Patrick Newport, who works for our US macroeconomics team and covers the housing market and international trade https://www.spglobal.com/en/enterprise/experts/newport-patrick.html Arlene Kish, director of Canadian macroeconomics https://www.spglobal.com/en/enterprise/experts/kish-arlene.html Anja Heimann, a senior economist in the Europe economics team https://www.spglobal.com/en/enterprise/experts/heimann-anja.html