Relevant:
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- Norway House Prices May Fall ‘Markedly' as Debts Rise, Bank Watchdog Warns
- Norway Bank Regulator Calls for Tougher Mortgage Loan Rules (NORWAY)
- The US economy glides like a box of rocks. Don't stand under it.
- Households owe record amount, topping pre-recession peak
2012-02-13 — bloomberg.com
""Growth rates on household debt and house prices are not following a sustainable path," Morten Baltzersen, Director General of the Financial Supervisory Authority in Oslo, said in an interview. "The longer these developments go on, the greater the risk is of a severe imbalance evolving.""
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