From the specific policy content, the policy is clear if the real estate project does not accept the government price guide, then do not allow the issuance of pre-sale permit or for web signature, this provision also reflects the severity of such market control. In general, the pre-sale permit is not issued by the policy deterrent force is relatively small, and net sign given restrictions, it will make a lot of housing prices in the capital return pressure. So similar to the follow-up policy for the regulation of housing prices is a positive role.
"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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