The minister has intervened in the mortgage market four times since 2008 to
cool the housing sector, and had expressed some satisfaction that his moves had worked.
Not exact matches
Some of that drop was weather - related, as construction activity halted, but it also represented a slowing of
housing gains as mortgage interest rates rose and the
sector's postrecession rebound
cooled.
China's growth over the same period was 6.9 %, unchanged from the first three months of the year, with the property
sector a notable area of strength, as
house prices continued to rise despite measures by the Chinese government to
cool the country's
housing market.
With the recent liquidity crisis in the subprime market, the formerly red hot
housing sector has finally started to
cool off.
Finally, there is the monetary policy (Mop) that involves the central bank raising interest rates if they want to
cool off the
housing sector.