Private real estate investors have benefited greatly from tighter mortgage debt limits for homebuyers, as a portion of house seekers could no longer buy properties and had to rent in the free sector housing instead. By 2018, a household earning twice the modal income could allocate only 24 percent of its gross income to mortgage costs, a decrease from 36.8 …
US banks tightened lending standards in the first few months this year, and expect this to continue over the rest of 2023, said a Federal Reserve survey released on Monday. Asked about their outlook for lending standards over the rest of 2023, “banks reported expecting to tighten standards across all loan categories,” the Fed said on Monday. With banks tightening …
Australia's central bank is "grappling" with questions about risky first-home buyers and a strong increase in home loans, according to meeting notes and internal discussions about the nation's white-hot housing market. Key points: As house prices soar, Reserve Bank economists are wondering if first-home buyers are riskier than other borrowers Lending standards are tighter and approval times are blowing out …
The financial system regulator has reminded Australians that it does not have a mandate to target house prices, or housing affordability. Key points: The bank regulator said it does not target housing prices with its home lending policies APRA's chair Wayne Byres said the current rise in home prices and lending is not alarming, but the regulator is not complacent …
The benchmark stock indices have lost opening gains to trade in the red. PTI reports: "Auto stocks were in demand on Wednesday, rising up to 7 per cent, after Finance Minister Nirmala Sitharaman said two-wheelers are neither a luxury nor sin goods and so merit a GST rate revision. PTI reports: "The country’s gross domestic product may have contracted by …
