SEOUL, Aug. 8 (Korea Bizwire) – During the past couple of years, the housing prices skyrocketed in major countries thanks to the global booming of the real estate market, but that of Korea is running on the spot untouched by the boom. According to a report from the Bank for International Settlements (BIS), as of March [...]
WASHINGTON, July 7, 2014 (Korea Bizwire)–Consumer confidence in the housing market has trended upward significantly during the recovery but continues to be less than needed to return to “normal” housing levels, according to results from Fannie Mae’s June 2014 National Housing Survey. On average, consumers’ 12-month home price change expectation remained in positive territory in [...]
SEOUL, Korea, Sep 11 (Korea Bizwire) – According to a research report “International Comparison of Housing Prices and Implications for Korea” published on September 10 by KB Financial Group’s Management Research Institute, the total value of real estate held by Korea’s households as of the end of 2012 was about US$5 trillion, 436 percent of the [...]