Housing prices going down,Market is slow. When is the end?What is the future?Huge opportunity?
The house market is very slow, very, very slow. The house prices are going down and down and down again. So what's going on? What's the future for the house market? How to predict the future? My name is Morningly. Let me share with you about my idea, about my prediction. But my analysis, are many factors to affect the house market, but there are two major things. The 1st one is interest rate right now, and another one is inflation rate. Actually, the interest rate is hiking. Because of the inflation rate is hiking.
So how high it is for the inflation rate? Let me tell you about the UK. The inflation rate of UK right now is 9.1 %. It's 40 years high. This is the highest inflation rate in the g Seven. How about USA? It's not that good. USA is 8.6 %. Is the highest one since 1981. Canada is a little bit better. It's 7.7 %, its highest one since 1983. What is really going on is every rich inflation rate. Don't forget it. It means some other like food is 30, 20% inflation rate.
You can feel that already. Every time you go to the supermarket, you can feel you pay a lot of money more than last year. If compared to two years ago, you cannot imagine how much it is. All the numbers is only compared to one year ago. That's the real reason. That's the major reason for the government, for the central banks to increase the interest rate the day after tomorrow, wednesday, probably Central Bank of Canada will hike the interest rate again by 75 basic pounds. So probably before and of this year, they will do that again and again.
So we can expect the interest rate will be very high end of this year. Can they really crush down the inflation rate? I don't think so, because this time the inflation rate hiking is not because of the money, is not because of the interest rate law. It's because of the wall. It's because of the coin 19 pandemic, because of the shortage of the food, the shortage of the labor, the shortage of the oil.