Global Rate Hike Fears Cascade Through Housing Markets From Sydney to San Francisco

House prices are now falling in more than 90% of Australian suburbs, with analysts at AMP predicting a 10% national drop from peak levels — the worst postwar correction on record. The Reserve Bank of Australia appears unmoved. Governor Michele Bullock has signaled a fourth consecutive rate hike is on the table as inflation refuses to yield, even as CBA economists project a brutal 12–13% decline in Sydney and Melbourne property values. The numbers are staggering:...