Existing-home sales climbed strongly last month following a healthy gain in January, marking the highest level since last April, indicates recent data released by the National Association of Realtors. The association has said that existing-home sales increased 3.9 percent to a 6.69 million-unit annu[...]
Posts Tagged ‘Subprime mortgage’
May 22nd, 2012 - 1:41 pm § in News Of Economy
US house sales surge as prices decline, housing struggle not over yet
May 14th, 2012 - 1:28 pm § in News Of Economy
Fed says rate increases may prove essential as growth, inflation remain uncertain
The Federal Reserve has reinforced its position that inflation remained the biggest threat to the economy in its minutes from the March meeting. At the last meeting, Federal Reserve officials had concluded that more interest rate increases might be needed to suppress rising inflation, although they [...]
May 13th, 2012 - 1:28 pm § in News Of Economy
US home sales prediction revised downward, subprime ‘Disaster’ to delay housing recovery
The National Association of Realtors that once said that US home prices have not fell on a nationwide scale since the Great Depression now declare they are expected to do just that this year. The Realtors are expecting the prices for previously occupied homes will slide 0.7 percent this year compare[...]
January 30th, 2012 - 1:48 pm § in News Of Economy
Bank of America puts $2bn in Countrywide
Bank of America has invested $2bn in Countrywide Financial Corp, to shore up the finances at the largest U.S. mortgage lender, which has hard hit by the subprime mortgage crises. Under the terms of the deal, bank will buy 7.25% of non-voting preferred stock, which can be converted into Countrywide c[...]