Sweden’s top financial regulator took aim at the country’s booming property market with a proposal on Tuesday that banks limit the value of home loans to 85% of a property’s value. Swedish policymakers and regulators have been increasingly concerned about rising household debt levels and fast-rising property prices despite the economic downturn, and are keen to let some steam out of the market. They are aware that raising borrowing costs too quickly could stymie the country’s still-shaky recovery from country’s deepest recession in more than half a century.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio