Tags » Housing Bubble

Report: St. Louis Housing Market Behind the Rest of the Country

ST. LOUIS (KMOX) – As the long recovery from the housing bubble burst continues, the number of underwater homeowners continues to drop.

But in St. Louis, it’s not dropping as fast as in other parts of the country. 268 more words

News

Mortgage rules could get tougher for riskier borrowers

OTTAWA – Canada’s financial regulator is looking to issue new guidelines governing high-risk mortgages in the country’s housing market.

The Office of the Superintendent of Financial Institutions has asked for comments on the guidelines that would compel mortgage insurers to do due diligence on the ability of borrowers to service their debts and also require them to tighten monitoring procedures. 359 more words

Money

Slow start to spring market: home prices flat in March

TORONTO – The Teranet–National Bank index of Canadian house prices was unchanged last month, the first time in 15 years that there hasn’t been an increase between February and March. 404 more words

Money

It's not just southern Europe—Sweden is also fighting the deflation trap

Compared with the rest of Europe, Sweden’s economy is doing pretty well. Growth this year is expected to come close to 3%, making it the fastest-growing economy in western Europe. 420 more words

China's steelmakers have branched out into shadow banking—which is funny since they owe $484 billion

In its boom years, China’s status as the world’s biggest steel maker was an emblem of its industrial might. Now, it symbolizes the dangers of dried-up demand.  536 more words

China's local governments are making a killing off of funerals

The cost of living is soaring in China—but it may not be as bad as the cost of dying. A scarcity of cemetery plots drove prices in Beijing up 10-15% in the last year, to around 90,000  yuan per square meters ($1,342 per square foot), … 515 more words

I Think I may have Just Agreed with Vince Cable.

Kris Hopkins somehow managed to be the Tory Housing Minister, while at the same time he states that increased house prices are a good thing ( 474 more words