There was a while there where covering mortgage rates got (depending on your perspective) highly entertaining or highly nerve-wracking, as the news flip-flopped every day. Well, mortgage rates and the housing market all seem reasonably stable at the moment, but one of the big factors driving home prices has been foreign investment. Now it’s time for that to flip-flop. Depending on who you believe, either we’re awash in Chinese money, or the Chinese are fleeing the market.

 

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Jim Crowder

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