A surging New Zealand housing market that has sent prices to record levels is jangling nerves at the central bank, prompting warnings of asset bubbles.
CNBC's Diana Olick reports weekly mortgage applications fell despite a drop in rates; Bernanke says the private market is ready to step in when conforming loan limits drop, and apartment REIT, UDR has acquired three communities.
Every 1 percent change in the home-ownership rate means a million additional renters, AvalonBay Chief Executive Bryce Blair told CNBC Wednesday. As a real estate investment trust specializing in apartments, that's a good place to be in during the current economy.
The severe and prolonged downturn in housing likely will have one notable beneficiary: Demand for multi-family dwellings is expected to rise as more owners switch to renting.
The powerful and rapid rebound in the stock market over the past two years calls for a thorough review of your asset allocations. A lot has changed and there's more to come.