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Stabilisation in housing markets likely to be temporary

The downturn in the housing market appears to have paused in many countries in recent weeks. However, we doubt that this marks the bottom of the market. With higher interest rates yet to take their full effect, and affordability generally still stretched, we think that house prices have further to fall. 

In view of the wider interest we are also sending this Global Economics Update to clients of our UK and US Housing Market Services.

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