the housing market might deflate, but it might pop. Here's how
- Written by Richard Holden, Professor of Economics and PLuS Alliance Fellow, UNSW
Air could come rushing out of the housing market all at once.ShutterstockThere are two things that can happen to an asset price bubble. It can burst dramatically, or deflate slowly.
Which brings us to the Australian housing market.
Prices in Sydney and Melbourne continue to decline at a modest rate. The CoreLogic index has Sydney prices down 6.1%...
Read more: the housing market might deflate, but it might pop. Here's how
