All Entries Tagged With: "house sales"
US house sales down 2.6% to a 10-year low
The National Association of Realtors have said in a report that US house sales fell by 2.6 percent in June, reaching the lowest level in ten years. The sales of homes in June had slowed much lower than was expected.
The National Association of Realtors said that
Home sales at 30 year low according to RICS
Home sales have fallen to a 30 year low last month; this is a direct result of the current mortgage market, as it is dragging down house prices in the UK. Estate agents have reported that they are now selling an average of just 15 properties in the three months to the end of June. [...]
Tighter mortgage rules will help fight repossessions
The Federal Government has been forced into a move that will make it harder for people to get a mortgage, as they will tighten the rules for government-backed mortgages. The reason for such a move is simple, some mortgages are easy to come by and now with the current housing crisis many homes are facing [...]
Barratt signs new £400m borrowing facility
We spoke a few days ago about a number of housebuilders who are having a difficult time during this current property crisis, now Barratt is another one who is under extreme pressure.
Mark Clare from Barratt Developments has been doing all he can just to
Implode O Meter tracking mortgage lenders in trouble: is it right
As we know the housing market is in a bit of a bad way at the moment and this is showing on mortgage lenders, now a new website called Mortgage Lender Implode-O-Meter are now tracking those lenders who are in trouble.
Today the amount of lenders facing troubles are now at
CML: Mortgage recovery still a long way off
According to the Council of Mortgage Lenders, a recovery in the mortgage market is still a long way off; this comment follows figures from CML that show home purchases for May remained low at 52,700.
Although this was a 4% rise over April, you still have to remember that
Upmarket estate agent Savills hit by housing slump
Savills, the upmarket estate agent has warned us today that the housing squeeze is not only affecting the UK, it is also spreading to parts of Europe and Asia, this is a sure sign that the credit squeeze is certainly taking hold.
Savills has said that their UK business is
Housebuilder Persimmon cutting 1,100 jobs after housing sales slump
It seems that the housing sales slump has taken its toll on Housebuilder Persimmon, they now have to cut 1,100 jobs, they have even warned that the housing market is set to get a lot worse.
Mortgage brokers giving up licenses or quitting due to housing crisis
The housing crisis that is hitting the U.S. is having a massive affect for mortgage brokers, many are giving up their licenses, some are just walking away and quitting. The reason for this is due to underwriting standards rising as home sales have