EightmajorcitiesinChinahaverolledoutfurthermeasuresinthelatesteffortstoreinintheincreasingcostofhousing.SinceFriday,thesecond-tiercitiesofXi'an,Chongqing,Nancha
U.S. fixed mortgage rates surged to a ten-month high as ten-year Treasury yields increased, said the Primary Mortgage Market Survey released Thursday by Freddie Mac.
The interest rate cut is set to become another major boon for the sluggish property market and, following the easing of mortgage rules on Sept. 30, will fuel demand, analysts said.
Despite a rush to buy property in China, Huang Dandan, a white-collar worker who has worked in north China's Tianjin Municipality for one year, decided to sit tight.
Chinese authorities are likely to relax the sales tax on existing homes, the Beijing-based China Securities Journal reported on Monday in a front-page story.
The U.S. Federal Reserve Chair Janet Yellen said on Thursday that the Fed needs more time to decide the appropriate size of its balance sheet and expects the portfolio of assets to gradually decline over time after it finally begins to tighten policy.
JP Morgan Chase, the largest U.S. bank by assets, agreed Friday to pay 5.1 billion U.S. dollars in settlements with the Federal Housing Finance Agency (FHFA) to address claims of mis-selling mortgage-backed securities and home loans before the 2008 financial crisis.
The Obama administration on Thursday extended a key homeowner mortgage support program for two more years through 2015 in a bid to help more struggling homeowners to get access to mortgage relief and buttress property sector recovery.
U.S. house prices rose 7.1 percent in the year through February, said the Federal Housing Finance Agency (FHFA) on Tuesday, indicating an increasingly confirmed recovery as many other housing indicators also suggest that the rebound in homebuilding activity is on firm footing.
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