“The banking system must streamline,” Supervisor of Banks Rony Hizkiyahu said today in a briefing on the 2009 Survey of Israel’s Banking System. He called on the banks to restrain their salary costs and warned that the global economic was not yet over. Hizkiyahu also warned against the emergence of a real estate bubble, while saying that the Bank of Israel would take measures to prevent it.
Israel regulator warns on mortgage repayment risks
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.