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housing crisis
Property crisis hits famous US wine growing region Property Wire 03/10/2010 | House prices could fall for several years The Guardian 03/08/2010 |
 The property foreclosure crisis in the US has spread to California’s famous wine producing Napa Valley as falling land values and a shift to cheaper brands hits the industry hard. |  House prices may start rising again after last month's fall but the market will drop later in 2010 and this time the correction could last for several years, economists warn. |
Rental Crisis Looming In Auckland, Property Manager Warns voxy.co.nz 03/07/2010 | Asia acts over fears of property bubbleMartin Abbugao AFP 03/03/2010 |
 A residential rental crisis is building in New Zealand's largest city as landlords continue to downsize their portfolios, according to long time property management agency Bobergs First National. |  SINGAPORE — Asian countries fearing a disastrous US-style property bubble are striving to cool down their real-estate markets as the region powers out of the global financial crisis. |
Mortgage Modification Scams Further Trouble Housing MarketAmy Munday HULIQ 03/02/2010 | Hong Kong Implementing Anti-Speculation Efforts To Ward Of Property Bubble Property Wire 03/01/2010 |
 After the U.S. government launched the Home Affordability Modification Program (HAMP) last year, numerous other agencies and professionals launched their own loan modification programs, but many of them are scams. Unlicensed people are promising ailing homeowners impossible changes to their unaffordable mortgages, an oversight that is happening to the already damaged housing market. |  With Hong Kong real estate prices up 8% from the pre-crisis peak, the government is implementing anti-speculation efforts and discouraging mortgage loan excesses to ward off a potential property bubble. Alongside an impending stamp duty hike, the new relief package is aimed at helping Hong Kong through this recovery phase. |
Property expert fears house price 'double dip' Houseladder Ltd 02/24/2010 | |
 Real estate investors who bought property in fashionable suburbs of Nairobi to rent out are facing trouble as a price bubble hit the market, it is claimed. |  Although it has been officially announced that the UK is out of the recession, one property expert still believes that the British housing market is set to see a "second credit crunch". |
Hong Kong Land Sale Raises Worry of a BubbleJONATHAN CHENG And ARIES POON The Wall Street Journal 02/22/2010 | Economists warn of severe shortage of property in US as construction dives Property Wire 02/18/2010 |
 HONG KONG—Strong results in a Hong Kong government land auction are the latest sign that the city's real-estate market is surging higher after a brief lull, as government officials here and elsewhere in the region grapple with how to cool off overheating property prices. |  The US could be heading for a national housing shortage this year despite the real estate sector struggling with healthy inventories, three million foreclosures, falling values, and rising vacancy rates, it is claimed. |
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