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<title>Yahoo!Xtra Business News - Property</title>
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<description>Property News</description>
<language>en-au</language>
<copyright>Copyright (c) 2008 Yahoo! Inc. All rights reserved.</copyright>
<lastBuildDate>Mon, 08 Sep 2008 17:10:03 GMT</lastBuildDate>

<item>
<title>World stocks soar on US mortgage bailout (AFP)</title>
<link>http://au.rd.yahoo.com/rss/default/*http://nz.biz.yahoo.com/080908/8/7vky.html</link>
<description> LONDON (AFP) - European stocks soared Monday in a massive relief rally after the US government bailed out ailing mortgage giants Fannie Mae and Freddie Mac, easing fears of a global financial meltdown.</description>
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<pubDate>Mon, 08 Sep 2008 17:01:00 GMT</pubDate>
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<title>China Housing &#x26; Land Development Has Reported a Favorable New Policy from the Xi'an Municipal Government to Support the City's Housing and Real Estate (Busiwire)</title>
<link>http://au.rd.yahoo.com/rss/default/*http://nz.biz.yahoo.com/080908/24/7vqj.html</link>
<description>China Housing &#x26; Land Development, Inc., (NASDAQ: CHLN) today reported a favorable new policy from the Xi'an municipal government that should help continue the growth rate of the Xi'an housing market by making homes more available and more affordable for Xi'an citizens and by providing support and improvements to the real estate developers.</description>
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<pubDate>Mon, 08 Sep 2008 16:16:00 GMT</pubDate>
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<item>
<title>British mortgage lender Nationwide snaps up struggling peers (AFP)</title>
<link>http://au.rd.yahoo.com/rss/default/*http://nz.biz.yahoo.com/080908/8/7vpj.html</link>
<description> LONDON (AFP) - Nationwide Building Society, the second biggest lender of home loans in Britain, said Monday it had agreed to buy two smaller peers struggling to cope with the global credit crunch.</description>
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<pubDate>Mon, 08 Sep 2008 13:05:51 GMT</pubDate>
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>&lt;p&gt;A property for sale in east London in early April 2008. Nationwide Building Society, the second biggest lender of home loans in Britain, said it had agreed to buy two smaller peers struggling to cope with the global credit crunch.&lt;/p&gt;</media:text>
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<media:credit role="publishing company"
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<title>Dollar rallies after US rescue for mortgage giants (AFP)</title>
<link>http://au.rd.yahoo.com/rss/default/*http://nz.biz.yahoo.com/080908/8/7vnr.html</link>
<description> LONDON (AFP) - The dollar rose against the euro and yen on Monday after US authorities bailed out two mortgage finance giants, easing investor worries over the future of global markets, dealers said.</description>
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<pubDate>Mon, 08 Sep 2008 11:18:13 GMT</pubDate>
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>&lt;p&gt;A euro coin and a US dollar bill. The dollar rose against the euro and yen after US authorities bailed out two mortgage finance giants, easing investor worries over the future of global markets&lt;/p&gt;</media:text>
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<media:credit role="publishing company"
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<title>Asian stocks soar on US mortgage bailout (AFP)</title>
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<description> TOKYO (AFP) - Asian stock markets surged on Monday as a US federal takeover of ailing mortgage giants Fannie Mae and Freddie Mac eased fears of a spiralling global financial crisis, dealers said.</description>
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<pubDate>Mon, 08 Sep 2008 07:50:58 GMT</pubDate>
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>&lt;p&gt;A man watches the stock indicator through the window of a security company branch in central Tokyo on September 8. Asian stock markets have surged as a US federal takeover of ailing mortgage giants Fannie Mae and Freddie Mac eased fears of a spiralling global financial crisis, dealers have said.&lt;/p&gt;</media:text>
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<item>
<title>Kiwibank signals intention to cut home loan rate (NZPA)</title>
<link>http://au.rd.yahoo.com/rss/default/*http://nz.biz.yahoo.com/080908/3/7vbj.html</link>
<description>Kiwibank today pledged to cut its floating home loan rate if the Reserve Bank of New Zealand cuts its official cash rate (OCR) on Thursday.</description>
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<pubDate>Mon, 08 Sep 2008 03:48:25 GMT</pubDate>
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>Kiwibank today pledged to cut its floating home loan rate if the Reserve Bank of New Zealand cuts its official cash rate (OCR) on Thursday.</media:text>
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<title>NZ residential building volume down 7.3 percent (NZPA)</title>
<link>http://au.rd.yahoo.com/rss/default/*http://nz.biz.yahoo.com/080908/3/7v67.html</link>
<description>The volume of residential building work put in place fell a seasonally adjusted 7.</description>
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<pubDate>Mon, 08 Sep 2008 00:11:43 GMT</pubDate>
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>The volume of residential building work put in place fell a seasonally adjusted 7.</media:text>
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<title>With rescue plan, US takes giant step into housing, finance (AFP)</title>
<link>http://au.rd.yahoo.com/rss/default/*http://nz.biz.yahoo.com/080907/8/7v4t.html</link>
<description> WASHINGTON (AFP) - In rescuing Fannie Mae and Freddie Mac, the US government is taking an unprecedented step into the financial sector in a bid to steady an ailing housing market and ease a global credit crunch, analysts said.</description>
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<pubDate>Sun, 07 Sep 2008 23:59:30 GMT</pubDate>
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<title>US govt moves to ease finance crisis (AAP)</title>
<link>http://au.rd.yahoo.com/rss/default/*http://nz.biz.yahoo.com/080907/9/7v1u.html</link>
<description>The US government has taken over mortgage giants Fannie Mae and Freddie Mac, placing them in a &#x26;quot;conservatorship&#x26;quot; to avert a meltdown from the housing crisis.</description>
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<pubDate>Sun, 07 Sep 2008 20:54:13 GMT</pubDate>
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<title>Property prices continue to fall (NZPA)</title>
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<description>Residential property prices are still dropping, with valuer QV's statistics showing a 4.5 percent decline in property values over the past year.</description>
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<pubDate>Sun, 07 Sep 2008 19:35:03 GMT</pubDate>
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>Residential property prices are still dropping, with valuer QV's statistics showing a 4.5 percent decline in property values over the past year.</media:text>
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