Supply Bottlenecks Keep Global Home Prices Resilient Despite High Mortgage Rates

Reports from Fitch Ratings and regional real estate trackers show that global residential markets face a "buyer paradox"—growing inventory in select areas balanced by elevated borrowing costs.

• Key Detail: With 30-year mortgage rates holding above 7% across several major economies, transaction volumes remain subdued. However, severe shortages in new housing construction and elevated material costs have prevented widespread price crashes, resulting in price stagnation rather than deep market declines across Europe, North America, and parts of Asia.

• Reference: Fitch Ratings – Global Housing Outlook / NAR Commercial Insights