The Australian dollar was relatively unchanged after May reports of Australia’s housing data. A recovery in investment lending for real estate was countered by weaker housing loans.
The third major British real estate report confirmed a weaker residential housing market.
The second major British house prices data confirmed a weaker real estate sector in May and going into the historically weaker summer months.
Although a higher than expected home loans growth rate restored some hope for the weakening Australian real estate market, the Australian dollar continues its morning decline as equity markets fall, hinging on Chairman Bernanke’s tepid remarks on the US economy.
British RICS Real Estate Index for March reported lower, but beats estimates for March.
The Obama administration’s proposal for reducing the government’s role in housing finance may pit Wall Street against real estate groups as it restructures the $11 trillion mortgage market.
Anglo Irish Bank, the lender whose huge bets on development in Ireland now epitomize the reckless excess of its real estate bubble, said late Tuesday that it had lost another 17.6 billion euros last year.
Turkey’s biggest city is the best place in Europe to buy or develop property, says a survey of 600 real estate professionals. London and Munich came next, with Dublin edging Athens for last place
Financiers, homebuilders, and real estate agents are uniting to save mortgage subsidies
Blackstone Group LP, the world’s largest private-equity firm, said fourth-quarter profit rose 56 percent as the value of its real estate investments gained.
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