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Category Archive: Housing
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Dutch Domestic Demand Dragging Real Home Values
Today Statistics Netherlands (CBS) warned ”House Prices Nosedive“. Prices of existing owner-occupied dwellings sold in July 2012 were on average 8.0 percent down from July 2011. This is the most substantial price drop since the price index of existing residential property was first recorded in 1995. In real terms and indexed to 2005, home values are [...]
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ECB Rates Policy is Clogged in Key Periphery Markets
How the Euro area (EA) will grow, according to Mario Draghi: The outlook for economic activity should be supported by foreign demand, the very low short-term interest rates in the euro area, and all the measures taken to foster the proper functioning of the euro area economy. In this post, I address Draghi’s point that the [...]
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Housing Bubbles: Less Frothy but Europe is Behind
Wolfgang Muenchau’s article in the Financial Times, There is no Spanish siesta for the Eurozone, inspired me to update my post on housing bubbles around the world (really just Europe and the US). He argues that Spain’s bubble was much more extreme, and that the price adjustment is less mature compared to the others. I would [...]
