Housing
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Pending Home Sales Rise in March
March showed another sign of improvement in pending home sales as contract activity rising unevenly in six of the past nine months, according to the National Association of Realtors®. The Pending Home Sales Index rose 5.1 percent to 94.1 in March from a downwardly revised 89.5 in February. The index is 11.4 percent is still below 106.2 in March…
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A Flaw in New Rules for Mortgage
[New York Times 2011-03-31] A Flaw in New Rules for Mortgages by FLOYD NORRIS. If you want to get the government out of financing normal home mortgages, you have to find a way to bring in private capital — and on terms that do not make government-guaranteed mortgages a clearly superior product. That fact was…
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Australian House Prices Flat in February
The housing market continues to tread water, with the release of RP Data and Rismark figures showing prices didn’t grow at all during February, and rose by just 0.8% over the previous 12 months. The best performing capital city during the February quarter was Sydney, but it only managed to record a seasonally adjusted 0.3%…