The Housing Crisis
Property crisis hits famous US wine growing region
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 could fall for several years The Guardian 08.03.2010 | Rental Crisis Looming In Auckland, Property Manager Warns voxy.co.nz 07.03.2010 |
 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. |  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. |
Miami Real Estate Investors Charged With Running ScamKevin Brass IPJ 07.03.2010 | Asia acts over fears of property bubbleMartin Abbugao AFP 03.03.2010 |
 A Miami firm promoting Florida real estate investments was actually running a $135 million Ponzi scheme, the Securities and Exchange Commission charged this week. |  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. |
Asia acts over fears of property bubbleMARTIN ABBUGAO AFP 02.03.2010 | Mortgage Modification Scams Further Trouble Housing MarketAmy Munday HULIQ 02.03.2010 |
 SINGAPORE - Asian countries fearing a disastrous U.S.-style property bubble are striving to cool down their real-estate markets as the region powers out of the global financial crisis. |  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. |
Hong Kong Implementing Anti-Speculation Efforts To Ward Of Property Bubble Property Wire 01.03.2010 | |
 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. |  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. |
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