(AFX UK Focus) 2010-03-04 10:05 UPDATE 1-UK house prices fall 1.5 pct m/m in Feb -Halifax
LONDON, March 4 (Reuters) – House prices in Britain unexpectedly fell 1.5 percent in February, the first drop since June last year, mortgage lender Halifax said on Thursday. The decline followed a downwardly revised 0.4 percent rise in January and left prices 4.5 percent higher in the three months to February compared with a year ago. Halifax said increased supply, poor weather and the end of a …
Read more on Interactive Investor
(AFX UK Focus) 2010-03-04 10:05 UPDATE 1-UK house prices fall 1.5 pct m/m in Feb -Halifax
LONDON, March 4 (Reuters) – House prices in Britain unexpectedly fell 1.5 percent in February, the first drop since June last year, mortgage lender Halifax said on Thursday. The decline followed a downwardly revised 0.4 percent rise in January and left prices 4.5 percent higher in the three months to February compared with a year ago. Halifax said increased supply, poor weather and the end of a …
Read more on Interactive Investor
Fed Fights Deflationary Demons
In the wake of a credit collapse with unemployment at double-digit rates, what Ben Bernanke fears most is deflation. It’s here.
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Pending home sales fall 7.6 pct. in Jan
The number of buyers who agreed to purchase a home fell sharply in January, a sign that demand for housing is sinking this winter as stormy weather slammed Eastern states.
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