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US:California housing market slows considerably

California housing market slows considerably .Non-distressed sales drop for the first time since 2005 California’s massive housing market is slowing down in almost every way imaginable, according to the latest California Real Property Report from PropertyRadar. California single-family home and condominium sales dropped 3.5% to 36,912 in May from 38,249 in April. However, the report […]

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U.S. short sellers betting on Canadian housing crash: ‘An accident waiting to happen’

VANCOUVER — Large Wall Street investors who made billions when the U.S. housing market collapsed in 2008 are now betting real estate values in Vancouver and other Canadian cities will crash, financial insiders say. The hedge fund investors, known as short sellers, are betting against what they believe is a housing bubble in Vancouver, Toronto, Calgary […]

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Kenya: Increase Of CBR To Affect The Real Estate Market

  Beginning of this month, the Monetary Policy Committee brought their bi-monthly meeting earlier by one month and announced a large increase (almost 20%) of the CBR (central bank rate), from 8.5% to 10%. The main reason for this decision was the need to implement a policy in order to try to stop the country’s […]

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UK:Home lending reaches £16bn

An estimated £16.2billion-worth of mortgages was handed out in May, marking a five-month high, figures from the Council of Mortgage Lenders (CML) showed. Writing on the CML’s website, CML economist Mohammad Jamei said: “As we expected, activity in the housing market is showing signs of a modest recovery.” He added that the low mortgage rates […]

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US:How Healthy Is Housing?

For reasons I have yet to fully appreciate, there is a lot of confusion about the state of residential real estate in the U.S. Simply by looking at some of the data we can clear up a lot of the muddle. The short explanation is that housing, along with the rest of the economy, has […]

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UK housing market activity sees ‘gentle rise

Mortgage experts are predicting a “gentle recovery” in activity in the UK housing market as new figures show lending rose slightly. Gross mortgage lending rose by 2% in May compared with April to £16.2bn, according to the Council of Mortgage Lenders (CML). This, and economic indicators, signalled a “limited” increase in activity in the coming […]