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Mar 10, 2010 Megan Harman nvestmentexecutive.com
Economists suggest policymakers may need to further tighten mortgage rules
As house prices continue to rebound, policymakers may need to consider reversing measures that were adopted to promote the accessibility of home ownership in Canada, a new report by Desjardins Economics suggests.
The report on Canada’s residential real estate market, released on Wednesday, says the market remains far from a bubble situation. But the economists warn that the real estate market is approaching a position that is deemed overvalued, and must be monitored closely.
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March 11, 2010 BCREA
Vancouver -- The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 63 per cent to 5,955 units in February compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province declined 13 per cent compared to January 2010.
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 The great Australian dream ... but the housing market remains tight and prices high. Mar 11, 2010 Eric Johnston smh.com.au
ANALYSIS
WHEN the chief executive of the Commonwealth Bank, Ralph Norris, recently caught up with investors in New York, talks soon turned to the topic of the heady Australian housing market.
After a correction in housing prices around the world, Australia and Hong Kong remain the standouts where housing markets are booming.
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Mar 10, 2010 edmontonhousingbust.com
In the last few years, especially in the wake of the housing bust and resulting financial crisis south of the border, we’ve increasingly heard about mortgage backed securities( MBS for short)… but many aren’t really familiar them, so I figured I’d offer up what little I know about them and promote a discussion that could perhaps serve to better inform all of us.
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 Mar 09, 2010 whispersfromtheedgeoftherainforest
When all is said and done, I believe historians will look back at this time and call it the decade of debt reckoning.
The unfolding financial crisis is one that began with bad bets on securities backed by subprime mortgages, lead to a tightening of credit between big banks and then spawned one of the biggest orgies of government aid that has ever been seen... all of it borrowed.
The lexicon of the day has moved from 'subprime' to 'sovereign debt'.
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Mar 15, 2010 Steve Maich canadianbusiness.com
There's always a fair bit of muddled thinking and downright silliness floating around any thriving market. But the current debate over the state of Canada's real estate market offers an overabundance of both.
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Mar 10, 2010 David Gelles theglobeandmail.com
Ten years to the day after the Nasdaq hit its peak of 5,048.62 on March 10, 2000, the technology industry is learning to do more with much less
The excesses of the late 1990s technology boom created paper millionaires based on unlikely ideas.
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Mar 10, 2010 The Canadian Press
Toronto - Expectations of higher interest rates and investor demand for Canada will help drive the Canadian dollar past parity with the U.S. greenback by this summer, says CIBC World Markets.
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Mar 9, 2010 Tai Adelaja russiaprofile.org
Russia - The Prime Minister Promised to Cap Interest Rates at 11 Percent and Down-Payments at 20 Percent, But Will This Make Housing in Russia Any More Affordable?
The past 18 months have been testy times for young Russians looking to purchase a home they could call their own. But come April, the difficult times may be over, as the government starts paying more serious attention to the idea of using Russian taxpayer money to get at the root of the nation’s mortgage problem: the higher-than-average interest rates that scare off potential borrowers. But does this actually mean that the average Russian citizen will be able to afford a mortgage?
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Mar 09, 2010 Jon Maddux loansafe.org
In an eye opening report on Friday, economist and co-creator of the Case Schiller housing price index Robert Schiller made a very strong case for the fact that perhaps it’s time to re-think the American dream, that maybe the white picket fence could be rented rather than mortgaged in this updated version of the American Dream.
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Mar 09, 2010 Musing On Greenwood
Howdy all,
Check out this article then read my brother’s scathingly brilliant analysis of the current real estate market.
He’s outdone himself this time! Wow!!!
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Mar 15, 2010 Joe Castaldo canadianbusiness.com
Interest rate hikes are looming, and talk of bubbles abounds — so what's with the real estate buying frenzy?
More than two centuries ago, the economist Adam Smith produced his landmark tome, An Inquiry into the Nature and Causes of the Wealth of Nations, in which he wrote, "a dwelling-house, as such, contributes nothing to the revenue of its inhabitant." The father of modern economics placed housing in the same category as clothing and furniture — useful consumer goods that do not generate wealth. For the homeowner, a house is a "part of his expense, and not of his revenue." Were Smith alive to make such a statement today, he would no doubt be regarded as a heretic.
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Mar 08, 2010 english.people.com.cn
Beijing's exorbitant housing prices have come under attack among deputies to the ongoing national legislative meeting, as senior officials opened fire on the bubble in the property market.
Du Deyin, a senior Beijing official and head of the Beijing's local legislative body, made a bold speech on Saturday questioning the local authorities' futile effort to control property prices. He implied Beijing's land resources and construction authorities are not doing their job.
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Mar 08, 2010 Dean Baker guardian.co.uk
The financial crisis is just a sideshow – the real reason for the economic downturn is the rise and demise of the housing bubble
Politicians and the media continue to refer to the economic downturn as being the result of a financial crisis. This is wrong. We have 15 million people out of work because the housing bubble that drove the economy since the last recession finally burst. The financial crisis may have been good entertainment for those who like to see huge banks collapse, but it was a sidebar. The real story was the rise and demise of the housing bubble.
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Mar 06, 2010 Garry Marr Financial Post
Extra costs mount up, eating away at your profit
I have a buddy who figures he made about $100,000 in the housing market in the past two to three years.
that's not a bad take, but i question whether he really made that much money. no, i don't believe he's lying about what he paid for his house or what he sold it for. i just think he forgot to include a few factors -- the transaction costs associated with his move.
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Mar 07, 2010 vancouvercondo.info
When Flaherty announced new rules for CMHC insured mortgages in Canada a few weeks ago, there were a lot of questions that remained unanswered. One of the big ones was about the new rule requiring approval based on the 5 year interest rate. The question was which 5 year rate would that be, the posted rate or the discount rate?
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Mar 07, 2010
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Mar 03, 2010 cxoadvisory
Do real housing prices revert to some trend? If so, where do they stand now with respect to trend? In their February 2010 paper entitled "The Margin of Safety and House Price Turning Points: Observations from the US, the UK and Japan", Mitsuru Mizuno and Isaac Tabner investigate real housing price deviation from and reversion to trend in three developed markets. Using quarterly measures of housing price, inflation, disposable income, GDP and rent from 1960 (UK), 1963 (U.S.) and 1977 (Japan) through 2009, they conclude that:
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March 6, 2010 Jon Lansner lansner
Tom Davidoff, is an assistant professor at the Sauder School of Business University of British Columbia who has studied real estate cycles — including California’s wild home-price rides. We asked him to help us understand what’s happened …
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