The housing bubble has burst! Domain has now brought the same APM PriceFinder property price estimates to everyone in Australia. As of April, the median home value of properties sold was about $287,240, according to information from RealtyTrac. As our cover leader this week explains, despite efforts to fix the plumbing of the American mortgage market, housing in the United States remains a dangerous menace to the world economy.
A buyers’ market may cause downward pressure on house prices, perhaps as much as 3{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} to 5{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13}. Conversely, a sellers’ market may cause upward pressure by 10{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} or more, depending on …