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Real Estate News - March 2010
08 March 2010 - Marketwatch - U.K. house price gains slowed in Feb.: RICS
A majority of chartered surveyors reported rising rather than falling British house prices in February the Royal Institution of Chartered Surveyors said Tuesday.
07 March 2010 - New York Times - Program Will Pay Homeowners to Sell at a Loss
In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.
05 March 2010 - Times - Bank of England held interest rates at 0.5 per cent
The Bank of England’s Monetary Policy Committee left interest rates unchanged at 0.5 per cent yesterday and also held back from any increases to its asset purchase programme.
04 march 2010 - FT - Halifax index shows fall in UK house prices
UK house prices fell in February, according to a closely watched index, after seven consecutive monthly rises that appeared to run out of steam as 2009 drew to a close. The Halifax House Price Index registered a drop of 1.5 per cent in February, echoing a message from a similar index compiled by Nationwide which showed a drop of 1 per cent for the month.
03 March 2010 - Zero Hedge - January CMBS Delinquencies Hit Record
January CMBS Delinquencies Hit Record At $46 Billion, 5.8% Of Total, A 10.3% Increase Sequantially And A 325% Increase Year Over Year
02 March 2010 - FT - Britons become renters rather than homeowners
Britain is moving towards a European model of renting rather than buying property, driven by a combination of factors such as affordability, a shortage of property and lifestyle choice.
01 March 2010 - Times - Sterling tumbles amid growing fears of hung Parliament
Sterling plummeted to a nine-month low against the dollar today and could tumble further, analysts warned, as fears mounted that the general election could result in a hung parliament.
01 March 2010 - New York Times - Another Foreclosure Alternative
HOMEOWNERS on the verge of foreclosure will often seek a short sale as a graceful exit from an otherwise calamitous financial situation. Their homes are sold for less than the mortgage amount, and the remaining loan balance is usually forgiven by the lender. But with short sales beyond the reach of some homeowners — they typically won’t qualify if they have a second mortgage on the home — another foreclosure alternative is emerging: “deeds in lieu of foreclosure.”
01 March 2010 - Marketwatch - Bid to Curb Mortgage Tax Break Falters
The latest effort to scale back some tax deductions on mortgage interest, one of the nation's most-enduring tax breaks, is finding little support in Congress.
01 March 2010 - FT - U.K. mortgage approvals down 17% in January
The number of mortgage approvals for house purchase loans fell by 17 per cent in January, supporting recent data which has shown a drop in lending activity since the start of the year. Mortgage approvals fell from 58,223 in December to 48,198 in January, the lowest level since May last year, according to new figures from the Bank of England.
01 March 2010 - Berkshire Hathaway - Warren Buffett's Berkshire Hathaway Annual Letter to Shareholders