Exact(5)
These curbs have helped to restrain house prices.
Yet, for all that, Mr Mishkin stuck to the Fed's line that it should not have tried to restrain house prices with higher interest rates.
She said supply of properties outstrips demand at the moment, which is likely to restrain house price growth in the short term.
In some poorer northern towns, they are well below the level of a decade ago.This leaves Mr Carney needing to pull off a difficult trick: to restrain house prices in the places where they are bubbliest without denting the broader economic recovery or causing a crash.
But, the government has been trying to restrain house prices for fear of a crash, and cash has become scarcer from Chinese banks as a result.
Similar(55)
On the real estate market, Mr. Shang downplayed the risk to the banking system, despite a three-year campaign by the central government to restrain housing prices.
"While recent mortgage rate increases might serve to restrain housing activity, several participants expressed confidence that the housing recovery would be resilient in the face of the higher rates," the minutes said.
Others in the housing business talk of a "policy vacuum" meanwhile, which could restrain housing starts just as they are picking up again (see chart).In this section Whose backyard is it anyway?
Property taxes may even restrain housing booms by making it more expensive to buy homes for purely speculative purposes.Given these advantages, why don't governments raise more money from property taxes?
Property taxes may even restrain housing booms by making it more expensive to buy homes for purely speculative purposes.Given these advantages, why don't governments raise more money from property?
There is a stronger case for restraining housing bubbles than stockmarket bubbles, because they tend to cause greater economic harm when they burst.
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