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Thursday, March 25
Euro hits 10-month low against dollar
by
Jet-to-Let Magazine
on Thu 25 Mar 2010 09:46 GMT
The euro has fallen to its lowest level against the dollar for 10 months as European Union leaders disagree on how best to deal with Greece's debt crisis. A leading rating agency's move to cut Portugal's credit rating on Wednesday has also forced the euro lower. Against the dollar, the ... more » Tuesday, November 3
US housing recovery is continuing
by
Jet-to-Let Magazine
on Tue 03 Nov 2009 09:31 GMT
A key US housing index has risen to its highest level in almost three years, helped by first time buyers taking advantage of a popular tax break. The National Association of Realtors said its Pending Home Sales Index rose 6.1% in September to 110.1, its eighth straight monthly rise. Analysts ... more » Thursday, October 8
US deficit 'hits record $1.4tn'
by
Jet-to-Let Magazine
on Thu 08 Oct 2009 16:47 BST
The US budget deficit hit a record $1.4 trillion (£877bn) in the year to 30 September, US Congress estimates say. Analysts had predicted a $1.6tn deficit but revised the estimate, which comes after the end of the US financial year. The deficit was equal to 9.9% of gross domestic product ... more » Thursday, September 17
Federal Reserve turns focus on property exposure
by
Jet-to-Let Magazine
on Thu 17 Sep 2009 10:31 BST
The Federal Reserve is currently reviewing banks' exposure to property, the troubled investment sector whose slide could pose a risk to many financial institutions because of the wide distribution of loans and mortgage-backed securities. In its regulatory role, the Fed will look into a cross-section of banks to build a picture of how resilient institutions are to the falling value of loans and commercial mortgage-backed securities. A cross-disciplinary team will look at the range of commercial property assets on banks' balance sheets, encompassing loans and CMBS....... more »Tuesday, September 1
US property boost
by
Jet-to-Let Magazine
on Tue 01 Sep 2009 10:43 BST
Contrary to popular belief, property investors continue to enter the US property market in search of bargains. The US property market has been among the hardest hit by the global economic downturn, with questions inevitably being raised over the validity of any potential investment in the country. As a result, ... more » Wednesday, June 17
US inflation lower than expected
by
Jet-to-Let Magazine
on Wed 17 Jun 2009 17:38 BST
US consumer prices rose less than had been expected in May, as the recession continued to keep inflation down. The Consumer Prices Index (CPI) from the Labor Department rose a seasonally adjusted 0.1% last month, well under the 0.3% rise that had been expected. Although petrol prices rose 9.6% in ... more » Tuesday, April 28
US house prices continue to fall
by
Jet-to-Let Magazine
on Tue 28 Apr 2009 09:01 BST
US house prices continued to fall in February, but the rate of decline in some markets is slowing down, a leading index has indicated. Prices were 18.6% lower than in February 2008, the Standard & Poor's/Case-Shiller Home Price index said. This was slightly better than the 19% annual fall seen ... more » Thursday, March 19
Dollar slides after US Fed plan
by
Jet-to-Let Magazine
on Thu 19 Mar 2009 11:25 GMT
The dollar has fallen against all major currencies after the US Federal Reserve announced a plan to buy $1.2tn (£843bn) of debt to boost its economy. The dollar fell by 2.9% against the euro and by 2.5% against the pound. The US currency also declined against the yen, the Norwegian ... more » Wednesday, January 28
US interest rates kept near zero
by
Jet-to-Let Magazine
on Wed 28 Jan 2009 11:29 GMT
The US Federal Reserve has kept interest rates unchanged but has pledged to "employ all available tools" to revive the economy. Last month, the central bank cut rates as low as they can go - to a range of zero to 0.25%. The Fed said it was prepared to use ... more » Wednesday, November 12
World's most mortgaged town: U.S. town where 90 per cent of homeowners owe £80,000 more than their houses are worth
by
Jet-to-Let Magazine
on Wed 12 Nov 2008 14:09 GMT
Mountain House in California has become the world capital of the credit-crunch – a town where 90 per cent of people live in properties with mortgages bigger than the value of their homes. |
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