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Friday, May 18
Sub-prime crisis to hit market, says Fed chief
by
Jet-to-Let Magazine
on Fri 18 May 2007 16:40 BST
US Federal Reserve chairman Ben Bernanke warned that the sub-prime lending crisis crippling homeowners across the US would hurt the housing market for at least the next 18 months as foreclosures continue to increase. But he forecast that the problem would not spread to other areas of the economy or ... more »
US home construction accelerates
by
Jet-to-Let Magazine
on Fri 18 May 2007 16:33 BST
According to the Commerce Department, 1.528 million new homes were started in April, up from 1.491 million in March. However, analysts warned that the outlook for the construction industry may not be rosy, underlining fears that the housing market may be softening. Building permits - a measure of future construction ... more »
'Big rise in payments' for borrowers on fixed rates
by
Jet-to-Let Magazine
on Fri 18 May 2007 16:30 BST
Borrowers with fixed-rate mortgages due for renewal could be in for a shock, Nationwide Building Society has warned. Graham Beale, Nationwide's chief executive, said: "A very high percentage of borrowers have fixed-rate mortgages, which were the most popular product two years ago, and so they have been desensitised to rising ... more »
UK Prices set to soar in May
by
Jet-to-Let Magazine
on Fri 18 May 2007 16:27 BST
Your Move’s new monthly house price predictor is forecasting a 1.65% increase in the exchange price of the average UK property in May.
The predictor is based on Your Move’s agreed sales data (Jan / Feb) adjusted to reflect the Land Registry’s sales distribution in those months. The predictor anticipates the ... more » |
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