House price instability found to significantly impact economic stability in OECD countries.
House prices can have a big impact on the economy. A study looked at data from 17 countries over many years to see how house prices affect economic growth and stability. They found that when house prices go down, it hurts the economy more than when they go up. Also, when house prices change a lot, it makes the economy less stable. This shows that it's important to keep an eye on the housing market and make rules to keep the economy healthy.