US:The Housing Market Finally Has Some Traction

The housing comeback from the Great Recession has been long and slow. Now, finally, it looks as if we are finally getting some traction. Mortgage lending is strong, and that’s a good sign for both the economy and the stock market. The banking sector is one immediate beneficiary. There are others, including homeowners, naturally. Banks’ … Read more

APRA head says housing market ‘risky’

The head of the banking regulator has stopped short of saying the housing market is in a bubble, but says it certainly looks risky. Australian Prudential Regulatory Authority chairman Wayne Byres says with property prices rising much more quickly than incomes and household debt high, the market could pose a risk to the economy. He … Read more