June 17: Mortgage jobs; eminent domain won’t go away; more on mini-corr, deducting home interest, and the popularity of 15-yr refis
The United States does not have the only government that is knee-deep in controlling lending and real estate. Beijing, which already has China’s strictest real estate curbs, is being forced to take additional steps to contain surging home prices as demands for record-high down payments fail to deter buyers. The city has enforced citywide price…