&#39;Stagnation not deflation&#39; in housing market
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The housing market has peaked but is not heading into the abyss, analysts said today, as figures showed property price falls for the fourth consecutive month.
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After a shallow, one-week dip, mortgage rates have risen to just about where they were two weeks ago. Rates are still low. The question is whether they are low enough to keep the housing market hot.
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The fundamentals (eg, wage or population growth) are present to support a strong property market in Hong Kong. Wages in Hong Kong are not rising.
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New official figures have cast some doubt on the claims that the UK housing market has begun to cool in recent months. Home prices rose by a strong 2.1% during July - despite other evidence that the market
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The US economy should expand modestly in coming months as a healthy job market continues to trump weakness in housing prices, a gauge of future business activity showed yesterday.
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LONDON (CBS.MW) -- Activity in the UK housing market is continuing to slow, according to data from two major market participants, though a surprise 1 percent rise in house prices in November helped to offset immediate fears of a market crash.
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The jump in retail sales is likely to reinforce the Federal Reserveâs view that the cooling housing market has not hurt the rest of the economy.
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WASHINGTON - Financial market turbulence has noticeably hurt US housing activity in recent weeks but has had little effect on other sectors of the economy so far, the Federal Reserve said yesterday.
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There is no strong evidence that house prices will fall, the International Monetary Fund (IMF) has said. Higher interest rates might slow the growth of house prices, but the IMF does not see a fall in house prices, it said in its biannual report.
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Sales of previously owned homes inched up 0.4 percent but that did not change the overall bleak picture for a housing industry that has been suffering through a painful slump.
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A lean supply of homes in hot  markets and a growing U.S. economy is expected to keep house  prices in most parts of the country from reversing course,  analysts and real estate agents say.
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House price growth remained subdued in September, offering further proof of a slowdown in the property market, figures showed today.
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Housing activity has slowed from  recent years but the dragdown should not lead to a recession,  mortgage finance company Freddie Mac  said on Thursday  in its monthly economic outlook.
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US home prices at record levels don&#39;t signal a national price &#39;&#39;bubble&#39;&#39; because low mortgage rates and prospects for improved job growth will help sustain demand, housing-industry economists said.
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Look at the shares of the nationâs 10th-largest seller of residential housing and you might think that the real estate bubble never popped.
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The U.S. economy is growing robustly   despite a slowing housing sector, although inflation remains   above the central bank's comfort level, two top Federal Reserve   officials said on Monday.
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By George Chamberlin , Daily Transcript Financial Correspondent. Rising residential real estate values have been a blessing for many households.