Global House Prices Keep Rising, but Low Rates Limit Risks May 03
- ID: 1791463
- May 2003
- Region: Global
- Standard & Poors
(Editor's note: The "Home Equity Lending Surges" section of this article, originally published on May 14, 2003, incorrectly referred to some U.S. and U.K. lenders that provide subprime loans at LTV ratios of above 100%. The statement should have referred to the U.S. market only. In addition, the original version incorrectly stated that the favorable tax treatment of interest expense on mortgage loans in the Netherlands had been eliminated, when in fact it is currently planned to be scaled back. A corrected version follows.) Over the past several years, the residential housing market has boomed in mature market economies around the world, except in Asia. House prices have risen across the globe: in North America, in most of Europe, and...
Companies mentioned in this report are:
- Bank of America Corp.
- The Royal Bank of Scotland N.V.
- JPMorgan Chase & Co.
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