Real estate investment fell 5.1% in November. The monthly figure is volatile, but it has fallen 8.5 percentage points since June, when it grew 3.4% year over year. Sales are still rising and land sales still falling year over year, but the acceleration in both trends has flat-lined.
NBS: 2015年1-11月份全国房地产开发投资和销售情况
"The Lock-In Effect of Rising Mortgage Rates"
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Today, in the Calculated Risk Real Estate Newsletter: "The Lock-In Effect
of Rising Mortgage Rates"
A brief excerpt:
Here is new working paper from Feder...
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