The National Association of Realtors Senior Research Economist Scholastica Gay Cororaton is reporting this week that any decline in international real estate transactions from Russia's invasion of Ukraine will have little direct impact on the U.S. housing market.
International property broker Knight Frank's latest Global House Price Index is reporting that urban house prices worldwide are rising at their fastest rate since 2007 and of the 150 cities they track, 43 are now registering annual price growth above 10%.
A number of global cities are seeing sales volumes continue to recover with April looking to be the low point for residential activity.
According to global real estate consultant Knight Frank, home prices across 56 countries and territories worldwide are rising at an annual rate of 3.7% on average. This marks the index's slowest rate of growth for over six years.
With capital growth in most prime residential markets around the world shrinking in 2019, the global economic landscape looks markedly different from that a year ago.