Investing

OECD: Canadian real estate a risk to economy

Rising real-estate prices in Canada is causing risks to the world’s 10th-largest economy, according to a report released by the Organization for Economic Cooperation and Development on Wednesday.

Home prices dampen American wealth

Americans suffered a record decline in wealth due to the recession between 2007 and 2010 as home values dropped to record lows, according to a Federal Reserve report released on Monday that detailed the extent of the recession.

More foreigners buying up U.S. real estate, up 9 Pct YTD

More and more foreigners are purchasing real estate in the U.S. due to a six-year drop in housing prices along with rising value of some foreign currencies, according to a survey released Monday.
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