Major global housing markets are taking a hit. The ripple effect could be coming.

Major global markets that once seemed insulated from the housing slump are getting caught in the slowdown. Cities like London, Hong Kong and New York are grappling with a more tepid market, Bloomberg reported. According to a Knight Frank index of high-end properties in 43 cities, luxury residential prices are growing at the slowest rate since 2012. “If New York and London are catching a cold, the primacy is large enough that they might have […]

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