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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 » Tuesday, October 27
US house prices rise for fourth month in August
by
Jet-to-Let Magazine
on Tue 27 Oct 2009 16:25 GMT
US home prices rose for the fourth month running in August, extending the housing market’s rebound after a historic collapse, but labour market fears have darkened the moods of consumers. House prices rose by 1.2 per cent from July to August, according to the closely watched S&P/Case-Shiller index. The figures beat economists’ ... more » Tuesday, October 20
Mortgage modification schemes see ‘disappointing’ results
by
Jet-to-Let Magazine
on Tue 20 Oct 2009 09:30 BST
Borrowers face a mortgage affordability test from lenders amid plans by the Financial Services Authority (FSA) to step up the regulation of home loans. Self-certification mortgages will be banned under the proposals with lenders required to verify borrowers' incomes..... 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 » Monday, December 29
US consumer confidence at low with record fall in house prices
by
Jet-to-Let Magazine
on Mon 29 Dec 2008 17:24 GMT
American house prices fell by their fastest rate on record last month amid deep pessimism over the economy and the expectation of the worst Christmas shopping figures for 40 years. The data reveal that the world's biggest economy shows no sign of recovery. This will increase pressure on Barack Obama, ... more » Sunday, December 28
After the pain, America prepares to bounce back
by
Jet-to-Let Magazine
on Sun 28 Dec 2008 17:20 GMT
We Americans can now fill the capacious tanks of our 4x4s at almost half the price that prevailed a few months ago. The interest rate on mortgages is lower than it has been in almost four decades, so applications are soaring to levels not seen in five years. The unemployment ... more » Friday, November 7
New York: go downtown in the downturn
by
Jet-to-Let Magazine
on Fri 07 Nov 2008 09:45 GMT
The change promised by the new presidency cannot come too soon for the US housing market, which has been assailed by the sub-prime mortgage scandal and the bank failures and financial market storms that ensued from it. New York may not have suffered the same degree of catastrophic property falls ... more » Tuesday, October 28
Still no end in sight
by
Jet-to-Let Magazine
on Tue 28 Oct 2008 11:59 GMT
THOSE looking for an end to America's housing bust will have to wait a little longer. Although sales of new homes rose slightly in September, prices are continuing to fall fast. On Tuesday October 28th the S&P/Case-Shiller index of house prices for ten cities showed a record decline of 17.7% ... more » Friday, October 24
Freddie Mac's September portfolio fell 37.9 percent
by
Jet-to-Let Magazine
on Fri 24 Oct 2008 11:23 BST
NEW YORK, Oct 24 (Reuters) - Freddie Mac (FRE.P: Quote, Profile, Research), the second-largest U.S. home funding company, on Friday said its mortgage investment portfolio shrank by an annualized 37.9 percent rate in September. The portfolio decreased to $736.9 billion, the McLean, Virginia-based company said in its monthly volume summary. ... more » Thursday, October 23
A helping hand to homeowners
by
Jet-to-Let Magazine
on Thu 23 Oct 2008 11:07 BST
Some economists think the credit crisis needs to be fixed at its source—in America’s housing market GOVERNMENTS across the rich world have taken drastic steps to save the banking system. As the fears of outright collapse recede, their focus has turned to improving the supply of credit to households and ... more » Thursday, October 16
The buy-to-let battle is on
by
Jet-to-Let Magazine
on Thu 16 Oct 2008 11:32 BST
Should landlords tough it out or cut their losses as property prices fall and decent mortgage deals become more scarce? It has been an uncomfortable fortnight for Britain's army of landlords. House prices are falling faster than at any point in the past 50 years and experienced lenders have been ... more » Thursday, September 11
US mortgage rates weekly drop most in over 28 yrs
by
Jet-to-Let Magazine
on Thu 11 Sep 2008 15:41 BST
Interest rates on U.S. 30-year fixed-rate mortgages fell by 0.42 percentage point in the latest week, the biggest weekly drop in more than 28 years, according to a survey released on Thursday by home funding company Freddie Mac. The drop, which drove 30-year fixed rates to an almost five-month low, ... more » Wednesday, August 13
Credit crisis halfway over "at best"
by
Jet-to-Let Magazine
on Wed 13 Aug 2008 15:18 BST
A year-long credit crisis may be only halfway over and defaults of prime mortgages and problems at U.S. bond insurers are expected to exert a drag on future bank earnings, Standard & Poor's said on Wednesday.
Defaults and late payments for mortgages known as Alt-A securities and prime mortgages are ... more » Thursday, May 29
America's house prices are falling even faster than during the Great Depression
by
Jet-to-Let Magazine
on Thu 29 May 2008 18:47 BST
AS HOUSE prices in Wednesday, May 28
House prices suffer record annual fall
by
Jet-to-Let Magazine
on Wed 28 May 2008 18:44 BST
The gloom enveloping the The S&P/Case Shiller national house price index fell 14.1 per cent in the first quarter of this year, compared with the same period a year earlier, ... more » Tuesday, May 27
US house prices in sharpest fall for 20 years
by
Jet-to-Let Magazine
on Tue 27 May 2008 19:40 BST
American house prices are collapsing almost five times as quickly as during the last Residential property values fell 14.4 per cent over the first quarter of 2008 compared with the same three months ... more » Tuesday, May 6
Odds of further rate cuts increase after Fed's latest moves
by
Jet-to-Let Magazine
on Tue 06 May 2008 11:33 BST
The odds of further interest rate cuts increased after the Federal Reserve's latest moves, and after policy setter said financial market stress, tight credit and housing weakness was likely to continue over the next few quarters. July fed funds futures rose 0.05 points to 98.04, which implies a 16% chance ... more » Sunday, May 4
Washington must do more to help housing market
by
Jet-to-Let Magazine
on Sun 04 May 2008 15:23 BST
The government must actively intervene in the domestic housing market to fix the subprime mortgage problems that interest rate cuts and tax rebates alone cannot, a Federal Housing Finance Board official said on Sunday.
Allan Mendelowitz, a member of the Board of Directors of the FHFB -- a regulatory agency ... more » Wednesday, April 30
Fed cuts key rate to 2% but urges caution over inflation
by
Jet-to-Let Magazine
on Wed 30 Apr 2008 15:53 BST
The US central bank cut interest rates last night for the seventh time since last summer as it sought to combat the impact of a collapsing housing market and the credit crunch on the world's biggest economy. The Federal Reserve's open market committee voted unanimously for a quarter-point cut in ... more »
US economy 'just keeps its head above water'
by
Jet-to-Let Magazine
on Wed 30 Apr 2008 14:30 BST
The US economy grew 0.6% in the first three months of the year as an increase in inventories compensated for weaker consumer spending and a deteriorating housing market. Despite beating analysts expectations, the Commerce Department's report shows a widespread weakening that many analysts fear will lead to a recession. However, ... more » Tuesday, April 29
'No sign of a bottom' in US property prices
by
Jet-to-Let Magazine
on Tue 29 Apr 2008 14:37 BST
More worries over the credit crunch arrived today as 17 out of 20 US cities reported record annual declines in house prices, a survey release today showed. Standard & Poor's/Case Shiller Index, which tracks 20 of the largest housing markets, said prices fell 2.6% to 175.94 in February from January, ... more » Thursday, April 24
New US home sales hit 17-year low
by
Jet-to-Let Magazine
on Thu 24 Apr 2008 15:31 BST
New home sales plunged to a 17-year low in March as tighter credit conditions and weakening consumer confidence kept prospective buyers on the sidelines in spite of sharp price declines. Single-family home sales slumped 8.5 per cent in March to a 526,000 annual rate, the lowest since October 1991, 36.6 ... more » Monday, March 24
U.S. existing home sales post surprise rise
by
Jet-to-Let Magazine
on Mon 24 Mar 2008 10:35 GMT
Sales of U.S. existing homes rose in February for the first time since July as prices posted a record drop from their year-ago level, but economists said it was unlikely the market had reached a bottom. The National Association of Realtors on Monday said sales of previously owned homes rose ... more » Thursday, March 20
US housing market given $200bn lift with extra cash for Fannie Mae and Freddie Mac
by
Jet-to-Let Magazine
on Thu 20 Mar 2008 17:27 GMT
About $200 billion (£99.6 billion) of extra mortgage financing is to be made available to would-be homeowners in the United States after a key regulator reduced the amount of capital that the two biggest housing financiers must hold in reserve. The Office of Federal Housing Enterprise Oversight has reduced the ... more » Sunday, March 16
Bear Stearns crisis sparks UK recession fears
by
Jet-to-Let Magazine
on Sun 16 Mar 2008 17:22 GMT
Millions of British households face soaring mortgage rates and tumbling house prices after the global financial crisis triggered the near-collapse of one of the world's biggest banks. Experts warned that there is now an increased likelihood of a recession and a painful housing slump, after Bear Stearns - America's fifth ... more » Wednesday, March 5
US economy in slowdown says Fed
by
Jet-to-Let Magazine
on Wed 05 Mar 2008 23:47 GMT
The The report also cited rising materials and energy prices, ... more » Thursday, February 28
GDP data confirms weak US growth
by
Jet-to-Let Magazine
on Thu 28 Feb 2008 15:46 GMT
Wednesday, February 27
Dollar falls to record euro low
by
Jet-to-Let Magazine
on Wed 27 Feb 2008 16:42 GMT
The dollar has fallen to a record low against the euro as traders bet that further interest rate cuts will be needed to stem a Tuesday, February 26
More gloom for the US housing market
by
Jet-to-Let Magazine
on Tue 26 Feb 2008 16:43 GMT
Prices of existing single-family homes in the Home prices fell 8.9% in the fourth quarter from a year ago, the largest decline in the two-decade history of the S&P/Case-Schiller index of ... more » Thursday, February 21
US Fed slashes growth forecasts
by
Jet-to-Let Magazine
on Thu 21 Feb 2008 17:25 GMT
The US Federal Reserve has slashed its growth forecast for the The |
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