It Is Not A Good Time to Be A New Homebuyer. Anywhere | The Big Take

Across the globe, the housing boom is ending. In the US, a freeze is approaching, creating a barrier to entry for new homebuyers. In countries like New Zealand, Canada, Germany and France, a shortage of homes is colliding with a slowdown of new construction due to higher borrowing rates. And in the UK, landlords are bracing for pain as floating rate mortgages reset and the cost of living hits the highest level in a generation.

Bloomberg’s Kara Wetzel () and Ari Altstedter () join this episode for a look at how the housing market is adjusting to higher interest rates, leaving homeowners trying to keep pace and buyers struggling to enter the market.

Read moreHigher Interest Rates Are Shattering Housing Dreams Around the World ()

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Each weekday, The Big Take brings you one story—one big, important story. Host Wes Kosova talks to Bloomberg journalists around the world, experts and the people at the center of the news to help you understand what’s happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology—we cover it all on The Big Take.

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