Major banks’ housing loan growth is at record lows. The falling market share is also reflected in analysis by Australian Finance Group, the nation’s largest network of mortgage brokers, that shows.
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“Credit tightness has been an issue for the housing market but demand weakness has been a bigger one,” said Douglas Duncan, chief economist at mortgage. feel more confident in the labor market.”.
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Owner-occupied properties are taking over from all-cash deals by investors snapping up distressed houses, the agent’s group said. based mortgage-finance company said. Rising employment and incomes.
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The rate of consumer-price growth fell to 1.6 percent from 1.9 percent in June, the Office for National Statistics said today in London. The pickup in housing starts in the U.S. exceeded all estimates.
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The median price of an existing home rose 12.8 percent last month, the Realtors’ group reported. renovations that add to consumer spending,” she said. “With the real estate market recovering,