House Prices News
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Updated 2 hours, 24 minutes ago
U.S. house prices rose 7.2 percent in the year through March, the biggest gain since May 2006, the Federal Housing Finance Agency said.
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Updated 1 hour, 49 minutes ago
About 22 million Americans may lack enough home equity to move, keeping property listings tight and limiting sales as the housing market recovers, Zillow Inc. said.
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Following are the minutes of the Federal Reserve’s Open Market Committee meeting that concluded on May 1.
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Norges Bank is sticking to an interest rate outlook that signals the possibility of a cut next month, even after a weaker krone helped boost inflation in Europe’s second-richest nation per capita, Deputy Governor Jan F. Qvigstad said.
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The pound strengthened from a six- week low against the dollar after an industry report showed U.K. home sellers raised asking prices to a record, adding to optimism Britain’s economy is improving.
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U.K. home sellers raised asking prices for a fifth consecutive month, pushing values to a record and giving the market its best start to a year since 2004.
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Bank of England Governor Mervyn King said the debate on fiscal policy has “really got overblown” and the government’s plan to aid home buyers shouldn’t become permanent.
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Rising home prices will increase the pressure on the Reserve Bank of New Zealand to raise interest rates, Finance Minister Bill English said.
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New Zealand’s rising house prices will increase the pressure on the central bank to raise interest rates, Finance Minister Bill English said.
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Banks may have too much freedom to determine appropriate levels of risk weighted capital under international banking rules, said Stefan Ingves, governor of Sweden’s central bank.
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