Israel's Mortgage Demand Soars in December as Real Estate Market Returns to Life

New home sales jumped 40% in November, with the biggest increase among those upgrading to larger properties.

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Israelis took out 5.5 billion shekels-worth ($1.4 billion) of mortgages in December, a 30% increase over the monthly average for the rest of 2014 and a 16% rise over December 2013, the Bank of Israel reported...