It's understandable to look at the current events taking place in the housing market and anticipate a crisis, right?

I mean, we all have 2008 in our minds and remember what happened then. However, I think there's strong data in indicators which really do not support a bubble bursting scenario.

So I've heard of the residential market. You can usually get two of any three things you want, size, location, or price.

I think that, you know, when we're talking about office in the commercial space, what you're

going to be talking about is, am I sticking to my budget or am I sticking to my timeline?

And those are the two things that we're really seeing, you know, a lot of tradeoffs on.

Yeah. you know, a lot of trade-offs on. Welcome to Living Beyond Borders, a podcast from City Private Bank and G-Zero Media.

On this program, we examine global risks and opportunities from the angle of both

politics and economics.

I'm Shari Friedman, managing director of climate and sustainability at Eurasia Group.

Where we live and how we live has been upended in the last few years.

In the U.S. in particular, that has meant people moving, working from home, and buying property in crushingly fast order. For years,

low interest rates also helped encourage people to get mortgages and buy property. Then, in the

spring of 2020, real estate came to a grinding halt as cities and households shut down at the

start of the global pandemic. As cities and companies bounce back, the market has boomed to record highs.

2021 saw a record low inventory of housing stock,

with the year starting with just around a million homes for sale.

In the U.S., October also showed record high year-on-year annual home price growth at 18%. Inflation and interest rates are now rising, and some inventory seems to be opening up.

So today, we wanted to take a look at where both residential and commercial real estate

stand.

Joining us now are Dan O'Donnell, Global Head of Alternative Investments at City Global Wealth and Cassandra Spratt,

chief operating officer at Eurasia Group. Hello, and welcome to you both. Thanks so much for having us.

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