This project redesigned AHURI’s housing market microsimulation model that provides policy analysts with a capacity to anticipate the quantitative impacts of economic and policy changes on the drivers of housing supply and demand and housing tenure outcomes.
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AP - Hypo Real Estate Holding AG, the commercial lender that got a 50 billion euro bailout from the German government last month, said Wednesday it expects to report a third-quarter pretax loss of 3.1 billion euros ($3.9 billion) because of more write-downs at its Irish bank.
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AP - Spain’s government, grappling with soaring unemployment and an economy buffeted by the global credit crunch, announced a plan Monday to help families make mortgage payments and reward businesses that hire.
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AFP - Ireland on Thursday became the first eurozone member to fall into a recession since the US subprime home loan crisis sparked a global economic slowdown, official data showed.

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Sydney homeowners have been shocked by predictions that average prices could fall 30 percent over the next two years.
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LONDON (Reuters) - Approvals for home loans in June hit their lowest since records began and retail sales fell at their fastest pace in at least a quarter century as a housing market downturn threatens to derail the whole economy.
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Daily Mail: World News - House prices have fallen by nearly £5,000 since the beginning of May - the biggest one-month drop since 1991.The Nationwide Building Society said prices had dropped by 2.5 per cent - equivalent to £1,200 a week - since April to an average of £173,583.
The […]

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WASHINGTON (AFP) - Americans are becoming increasingly worried about the struggling US economy as home sales remain stuck in a rut and as red hot oil prices stoke inflation fears, a flurry of reports showed on Tuesday.
The world’s largest economy has grown at a sluggish 0.6 percent pace, on an annualized basis, during the past […]

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