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The Financial Services Industry Likes to Blame Real Estate. This article in the Atlantic. By Simon Johnson, former IMF Chief Economist who also has his own blog at baselinescenario. Has some fascinating insights into the connections between politics and finance and draws similarities between the power struggles of oligarchs and leading families and politicians and institutions like the IMF that control capital and financial restructuring around the world. Click the chart above for a larger view.

7 hours 3 min old. CTV NewsWhats sizzling, whats fizzling in Canadas housing marketsThe Globe and MailThe latest report from the Canadian Real Estate Association shows national home sales dipped 0. Conservative pledge to collect data on foreign homebuyers gets mixed reception - CBC. 11 hours 54 min old.

How Bidding Wars Can Harm Home Sales. Real Estate experts have experienced many situations where a home seller will list their property for a specific asking price to entice people to bid. The seller then rejects all offers, and re-lists the property for a higher asking price. This tactic is often used to bait potential home buyers, although the consequences of this particular strategy can hurt the chances of actually selling the listed property.