Danger Signs For Housing Market

WSJ: 5 Reasons Not to Jump Into the Housing Market

And the rules by which foreigners can buy real estate are relatively liberal. There is also the aspiration of Australians for home ownership. That means our market is dominated by lifestyle factors rather than purely investment factors, making buyers more prepared to pay more for a house than would a hard-headed investor.
For the original version including any supplementary images or video, visit http://www.smh.com.au/business/danger-signs-for-housing-market-20130924-2ubv7.html

***AFR FIRST USE ONLY***
Generic housing at Bella Vista housing development, homes, mortgage, house, for sale, roof tops. Wednesday 24 May 2006 AFR 
Photo Louie Douvis

Much of the major housing gains now are coming in the West and South, just as in the housing bubble of the last decade. Third, “big businesses are doing a lot of buying,” he writes. Big-time Wall Street firms, such as Blackstone Group, are snapping up houses. “Their presence is driving price increases and sales volume even as they frequently outbid individual home buyers.” Fourth, “Investing in housing is nothing like buying a home [to live in]. A market that’s good for investors may not be so hot redirected for you,” Crook says. Finally, “interest rates are on the rise,” he notes.
For the original version including any supplementary images or video, visit http://www.moneynews.com/Markets/housing-market-Crook-homebuyer/2013/09/24/id/527327

Are we in a housing bubble? Not even close, experts say

However, from last year, July prices soared 8.7% above 2012 levels, the company said. The report is the result of a survey of July transactions from more than 18,500 U.S. ZIP codes.
For the original version including any supplementary images or video, visit http://www.housingwire.com/articles/26975-are-we-in-a-housing-bubble-not-even-close

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