- Wherever houses are haunted by misfortune, Teru Oshima wants to h...
- David Simon's plan to build a retail real-estate empire in Europe...
- Rents for residential units are rising amid sluggish demand for o...
- Blackstone Group is preparing to sell its La Quinta hotel chain, ...
- China's central bank said it would strengthen its monitoring of d...
- A Montessori school that made its home in a 50-foot-wide stone pa...
Real Estate News - October 2007
The following news stories are those which are most important for understanding the house price crash and the impact on house prices going forward...
US Federal Reserve cut interest rates for a second month in a row tonight as it moved to fend off the threat to America’s growth from a deepening housing market slump and record oil prices, which have soared above $94 a barrel
U.S. HOME PRICES FALL AGAIN - DOWN FOR THE EIGHTH CONSECUTIVE MONTH; INDEX OF 10 LARGE U.S. CITIES SHOWS A PRICE DROP OF 5% IN AUGUST, THE LARGEST SINCE 1991
USA Today: Oil sets record, surpasses $93 a barrel
Subprime-Mortgage Defaults Rose Last Month, ABX Data Suggests
UK house prices up 0.4% but volumes down 12%
There was a slump in fresh mortgage lending by some of the UK's biggest banks last month, down 27% on September last year
Merrill in ‘staggering’ $7.9bn writedown
Jim Rogers - the U.S. Dollar Is 'doomed'
Times Online: Merrill Lynch stuns with an $8bn subprime hit
Times: Investors take fright with Paragon linked to new Rock horror show
NUMBER OF MORTGAGE OFFERS SLUMPS 40% AS LENDERS PULL BACK ON RISK
CREDIT CRUNCH FEARS BACK ON HOUSING, FIN'L FIRMS' OUTLOOKS
US HOUSING MARKET PLUNGES TO 14-YEAR LOW
The Telegraph: Japan and China lead flight from the dollar
Lenders withdraw mortgage deals
Jones Lang LaSalle yesterday recorded its worst auction result for nine years
Desperate home owners using credit cards to fund mortgage payments
FT: Foreign investors flee US securities
Telegraph Online: Third of mortgage applications denied
738,000 mortgage applications rejected in the past 6 months
Bloomberg: Home Foreclosures Doubled in September on Loan Rates
Citywire: Mortgages: Here comes the Repo Man
MoneyWeek: How mortgage banks magically create money
Fears CGT changes could prompt buy-to-let sell off
The American offshoot of Foxtons, the upmarket estate agent, has filed for chapter 11 bankruptcy
Independent: Nervous banks turn down millions of loan requests
Merrill pegs write-down at $5.5 billion. Quarterly loss may hit 50 cents a share on 'much more severe' fallout
Daily Telegraph: HSBC warns of hot money exodus from Britain under 'siege'
Bloomberg: Homebuilders Liquidate Assets as Threat to Survival Spurs Sales
Bloomberg: US Subprime Delinquencies Accelerating, Moody's Says
BoE: Bank of England Maintains Bank Rate at 5.75%
Bear Stearns Cos. said on Wednesday that it's cutting 310 jobs as the investment bank scales back its residential mortgage lending business amid rising delinquencies and slumping volumes in the industry
The Telegraph Online: Dollar's double blow from Vietnam and Qatar
CREDIT CRUNCH CLAIMS SPANISH DEVELOPER
PENDING HOME SALES DIVE TO NEW LOW AS DEALS COLLAPSE AMID CREDIT CRUNCH
Pending home sales down 6.5% in August
TALK OF FIRE SALE PUSHES ROCK SHARES TO NEW LOW
CITIGROUP SAID TODAY THAT THIRD-QUARTER PROFITS ARE SET TO FALL BY 60%, HIT BY THE FALLOUT FROM THE GLOBAL FINANCIAL CRISIS
FT.com: UBS latest victim of credit turmoil
The Telegraph: Buy-to-let crisis as new flat prices fall 40%
FT.com: ING Direct steps in as US bank collapses