JOHOR BARU: A "friendlier" Malaysia My Second Home (MM2H) programme will be able to attract more foreign property buyers and address the country's property glut.
i ll be back at the top of the hour with more live news. now i need to hand it over to your bottom line. the housing market has changed. so have you. what you need to know if you own a home, want to buy one or rent. plus is it ever okay to walk away from that mortgage even if you can afford to pay? let s start with the american dream of owning a home. you re a buyer it s a dream market but only if you can get the loan. with the end of the nation s largest mortgage lenders denying 27% of loan applications last year, that s up from 23.5% in 2009. this is according to wall street journal analysis. if you re a seller it s a nightmare. home prices rose slightly for the first time in eight months. according to the most recent s&p kay schiller index. prices are down 32% from their peak in 2006. home ownership is at the lowest level now since 1998. chris meyer is here. is the worst behind us here? depends where you live. i think in some of the coastal markets in coastal calif
into two different categories and purposes. one is from a security standpoint and the other is from a basic asset standpoint, primarily oil. we have the oil exporters doing quite well. the trade port with volumes up 9% in 2009. so we have the oil exporters expected to grow accord tolgt imf this year just under 5% and the oil importers, that would include egypt or jordan, just under 2%. egypt the longer road back because of the unrest that we saw earlier in the year collapsing in the first quarter by 7%. maybe growing 1% this year. but that s the tops of it. so it s all about access to things like oil. let s go back into the property glut in dubai. we had prices by falling by in excess of 40%. will the prices ever recover? it s hot money. it has to go somewhere. it s interesting. let s put the index up on the screen here. dubai as you noted, up 24% so far this year. a similar gain for the