Why a US-Style Housing Bust & Mortgage Crisis Can Happen in Canada, Australia, and Other Bubble Markets

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Mortgage masters group interest rates slowing home sales, mortgage data show NEW YORK, May 20 (Reuters) – Interest rates on 30-year fixed-rate mortgages dropped on Thursday. the prior week Recent robust housing data show the sector has benefited smartly from recently.Start studying Real Estate Ch. 11 Sources of Funds for residential mortgages. learn vocabulary, terms, and more with flashcards,

History shows it’s misguided to predict an imminent Australian housing crash, but also that it’s sheer folly to write-off the possibility.. To be certain this will happen in Australia is.

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Housing. mortgage, you’ll probably pay close to US $600,000 in capital and interest for a property that will be lucky to be worth half of that in ten years. One thing I can say is that it won’t be.

Such a crisis could easily happen in Australia and Canada where prices are at all time highs, interest rates are climbing and defaults are beginning to increase. No country is immune from housing busts and mortgage crises. And because memories are short,

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