<\/p>\n
As one of the largest global wealth sources, the real estate sector continues to demonstrate tremendous growth. According to Statista<\/a>, it\u2019s projected to hit a whopping $613 trillion in 2023 and potentially reach $700 trillion by 2027. Much of this wealth is concentrated in China, the world\u2019s largest real estate asset class, with an estimated value of $131 trillion in 2023, according to Statista. Yet, a financial storm brews on the horizon for China, as discussed previously by CryptoSlate<\/a>, with the country grappling with deflation and currency issues.<\/p>\n Simultaneously, a dramatic shift is occurring in the Western markets. As reported by The Kobessi Letter<\/a>, the rates and yields are on a steady upward climb, with the 30-year mortgage rates touching a 21-year high of 7.5%. This rise indicates more capital being funneled into servicing housing loans, leaving less for economic circulation. Additionally, as properties often represent a significant portion of people\u2019s net worth, the resulting decrease in property values due to rising rates could trigger a reverse wealth effect.<\/p>\n The post China\u2019s real estate wealth meets financial storm while Western markets see mortgage rate spike<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Quick Take As one of the largest global wealth sources, the real estate sector continues to demonstrate tremendous growth. According to Statista, it\u2019s projected to hit a whopping $613 trillion in 2023 and potentially reach $700 trillion by 2027. Much of this wealth is concentrated in China, the world\u2019s largest real estate asset class, with […]<\/p>\n","protected":false},"author":2,"featured_media":142134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-142133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=142133"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142133\/revisions"}],"predecessor-version":[{"id":146734,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142133\/revisions\/146734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/142134"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=142133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=142133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=142133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}