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Loan Modification

: Mortgage Lender Implode-o-Meter

Sydney Opera House Luxury Home Auction Challenges Bubble Fears

By Implode-Explode Heavy Industries

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"The auction was a test of demand for a housing market the International Monetary Fund said may be overvalued by as much as 15 percent. The event took place less than a week after the Reserve Bank of Australia raised its benchmark interest rate by a quarter of a percentage point to 4.75 percent and said it welcomed a cooling in house prices."

Full post as published by Mortgage Lender Implode-o-Meter on November 08, 2010 (boomark / email).

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