The headling of the Financial Times article sums it all up: “How U.S. housing boom may be coming to tricky end.”
The piece says the “sudden slowdown” in the housing market in this country is sending analysts all over the world to look for clues about what might happen next. The article raises the following questions: “Will America’s spectacular residential property boom end in a ‘soft landing’—for house prices and its economy as a whole, or are shocks of a more brutal severity in store which could resonate far beyond its shores?”
Interesting questions to be sure. I’m afraid you have to be a subscriber to FT.com to read the full article….but, whether you read it or not, the questions posed are important to reflect upon.