The Housing Market is Cooling Down - Fewer New Homes
Housing starts fell in October compared to the previous month. And the number of new housing starts has leveled out at around 25,000 per year – far below the calculated building need.
BusinessHousing starts fell in October compared to the previous month. And the number of new housing starts has leveled out at around 25,000 per year – far below the calculated building need.
BusinessThe hope of cheaper mortgages is great among borrowers as the Central Bank is expected to continue lowering the interest rate. But the bank directors do not want to promise that the mortgage rates will be lowered at the same pace. I think they should do it, says chief analyst Tor Borg.
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