May, the Associated Press reports. AP also reported that the employment news helped the stock market today — Dow Jones industrials rose more than points, AP says.
As reported by Bloomberg, Australia's housing market slide is entering its second straight year as lending constraints and shaky buyer sentiment sees home prices slipping further for October.
Key quotes "Sydney and Melbourne, the hottest markets when property prices were surging, are now leading declines. Prices in Sydney are down 7.
Credit availability is the biggest factor weighing on the market.
Regulators have tightened restrictions on riskier loans, such as interest-only mortgages which are popular with property investors, while also enforcing stricter expense verification, which is reducing the amount people can borrow.
With credit harder to come by and little prospect of capital growth, investors are exiting the market, a boost for owner-occupiers and first-home buyers.
Inventory levels are increasing as sales slow and more properties come on to the market. As buyers gain a stronger hand, price declines are expected to continue through the peak November and December selling season, CoreLogic said. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities.
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Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.Higher mortgage rates and overheated home prices hit Southern California home sales hard in September.
The number of new and existing houses and condominiums sold . January's nationwide drop in housing sales and the fifth consecutive decline in prices underscores the continued pressure facing the housing market, which is struggling to emerge from its worst slump.
Sep 11, · An article on Wednesday about a slump in India’s housing market misstated the tenure of Bimal Jalan as governor of the Reserve Bank of India.
He . Aug 27, · Housing slump "worst in decades" The housing market is set for its longest downturn in decades, but any policy change to limit negative gearing such as proposed by the federal opposition could make the situation even worse, according to investment bank UBS.
Economists say a strong economy makes it more likely that this housing slump will end without a steep style downturn.
But in the meantime, it could be a soft few months or even years of standoffs between buyers and sellers. The U.S. housing market still has a long way to fall — and with it the nation's economy — and China's economy won't cushion the blow as it did in the slump.
That's the view of two top.