UK House Prices Unexpectedly Rose
U.K. house prices unexpectedly rose for the first time since October 2007 after the Bank of England’s interest-rate cuts attracted buyers to the property market, Nationwide Building Society said. The average cost of a home jumped 0.9 percent in March from the previous month to 150,946 pounds ($218,000), the mortgage lender said in a statement [...]
New Home Constructions Jumps 22% From Last Month
New Housing Construction Report: The number of new housing projects that builders broke ground on in February rose sharply, defying economists’ forecasts for yet another drop in activity. The Commerce Department reported Tuesday that construction of new homes and apartments jumped 22.2 percent from January to a seasonally adjusted annual rate of 583,000 units. Economists [...]
Foreclosures Keep Rising – No End In Sight
Foreclosure Report: Foreclosures up 30 percent in February Despite halts on new foreclosures by several major lenders, the number of households threatened with losing their homes rose 30 percent in February from last year’s levels, RealtyTrac reported Thursday. Nationwide, nearly 291,000 homes received at least one foreclosure-related notice last month, up 6 percent from January, [...]