A report from the Wall Street Journal. "For five years, European nations have been trying to jump-start their ailing economies with what was supposed to be a radical, short-term remedy—negative interest rates. Instead, central banks haven’t been able to wean…
A report from ABC News in Australia."A new crackdown on property lending has emerged in the wake of the Banking Royal Commission, with borrowers now being asked for deposits of up to 30 per cent and banks throwing greater scrutiny…
A report from Bloomberg on Canada. "The housing numbers out of Vancouver, once among the world’s hottest real estate markets, are getting more dismal with each passing month. With Canada’s rising household debt levels 'perilously high,' more needs to be…
A report from Glacier Media in Canada. "Since May 1, 2018, only 43 detached homes in the Metro Vancouver region – stretching from Mission and Delta to the Sunshine Coast and Whistler – have sold above $7 million. All 43…
A report from the Globe and Mail in Canada. "The average price of a detached house in the 416 area code of Toronto has fallen 20 per cent from the high water mark of $1,578,542 set in April, 2017. In…
A report from the Daily Telegraph in Australia. "It’s 2014 all over again — just without the ice bucket challenge. House hunters in multiple areas across Sydney have been purchasing homes at or close to prices last recorded five years…
A report from Western Australia Today. "The housing price plummet has allowed more first homebuyers to enter the market, but for sellers it has seen the value of the average Perth dwelling drop from $540,556 in 2014 to $442,716 in…
A report from Bloomberg on Canada. "Household debt in Canada has reached levels that could be qualified as excessive. Canadians owe C$2.16 trillion—which, as a share of gross domestic product, is the highest debt load in the Group of Seven…
It's Friday desk clearing time for this blogger. "Realtor Kim Trouten said the Charlotte market is starting to shift. Buyers are getting more picky, especially with higher interest rates, and sellers have had to change their expectations, Trouten said. 'They’ve…
A report from the Australian Financial Review. "After a relentless run of strong price growth across Sydney's property market, prices have fallen 11.4 per cent from the mid-2017 peak according to the latest Domain House Price report. There has been…