Black Homeownership Dying Where Obama Revitalized (Sep 2013)

Source: Bloomberg – Black Homeownership Dying Where Obama Revitalized

Notable excerpts:

Helene Pearson’s belief in homeownership was shattered in Roseland, the mostly black Chicago neighborhood where President Barack Obama got his start as a community organizer.

Pearson, who bought her two-bedroom, red-brick bungalow on South Calumet Avenue in Roseland for $160,000 in 2006 with a high-interest loan, put it on the market a year ago for $55,000 and didn’t attract a single offer. Her bank has agreed to take it back.

Swedes Face Forced Deleveraging as Debt Swells to Record (Sep 2013)

Source: Businessweek – Swedes Face Forced Deleveraging as Debt Swells to Record

Notable excerpts:

Sweden is looking into the option of forcing households to start amortizing their mortgages in an effort to prevent debt loads rising from a record.

Is Malaysia’s Property Market Headed For A Dubai-style Crash? (Sep 2013)

Source: CNBC – Is Malaysia’s property market headed for a Dubai-style crash?

Notable excerpts:

Malaysia’s office construction boom could lead to a Dubai-style property bust, CIMB warns, but other analysts expect a more muted correction.

S’pore, Hong Kong To Be Hardest Hit If Credit Tightening Occurs (Sep 2013)

Source: CNA – S’pore, Hong Kong to be hardest hit if credit tightening occurs: DBS

Notable excerpts:

Banks with large property loan portfolios will face higher risks when interest rates start to rise — this as highly-leveraged households begin to have difficulty paying their mortgages.

Economists said this could lead to credit tightening by banks, and a hard landing for the property sector.

Czech Zero Percent Lending Rate Feeds Home-Buying Frenzy (Aug 2013)

Source: Bloomberg – Czech Zero Percent Lending Rate Feeds Home-Buying Frenzy

Notable excerpts:

Petra Key’s dream of buying a home for her growing family was stymied for two years as her one-bedroom loft in Prague languished on the market during the country’s real-estate crisis.