Approval has been given by the Obama administration to help areas affected by the housing bust, as part of a $1.5 billion programme.
According to Treasury sources, plans for Arizona, California, Florida, Michigan and Nevada have received approval.
Under the scheme, more than 90,000 homeowners are set...
Posted to
Finance
on 06-23-2010
Filed under: All Financial News, Economy News, US, Property News, help, housing, scheme, efforts, Obama administration, Arizona, California, Florida, states, Michigan, five, Nevada
Official data has today revealed that US consumer prices fell in April by 0.1% on a monthly basis – the first decline in 13 months.
The fall was attributed to declines in petrol, housing, car and clothing prices according to the Labor Department. Petrol prices fell by 2.4%, clothing costs fell...
Posted to
Finance
on 05-19-2010
Filed under: All Financial News, Economy News, interest rates, Federal Reserve, US, fall, car, Labor Department, housing, petrol, consumer prices, surprise, housing starts, clothing
Reporting on its recent “Future Housing” conference the Council of Mortgage Lenders (CML) says it expects the UK to see a smaller proportion of homeowners and a higher proportion of tenants, mostly in the private sector, in the years ahead. Changing consumer preferences and affordability...
Posted to
Finance
on 03-04-2010
Filed under: All Financial News, Property News, first-time buyers, CML, housing, Council of Mortgage Lenders, deposit, affordability, homeowners, tenants, lack of supply
In 2009, legendary bond investor Bill Gross started talking about something called the “new normal,” where low growth and lower rates of return now exemplifies the U.S. economy and financial markets.
A new study suggests the U.S. housing market may be heading down that same path.
From MarketWatch’s Amy...
Posted to
Economics
on 02-08-2010
Filed under: Mortgages, Housing market, Housing, Foreclosures, residential real estate, housing bust, Home Prices, Homeowners, Immigration, Baby Boomers, housing demand, suburbs, Generation Y, Urban Living, homeownership, homeownership rate, suburban sprawl, immigrants, urban century, suburban development, Urban Land Institute, urban, mixed-use, John K McIlwain, suburban, suburban century