A trade group for real estate agents on Tuesday lowered its forecast of 2007 existing home sales for the seventh straight month, predicting a drop of 8.6 percent from last year.
The National Association of Realtors’ revised monthly prediction calls for U.S. existing home sales of 5.92 million in 2007, down from 6.48 million last...
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Realters predict drop in home sales for the year
HMV leaps on news of Japan sale
With the announcement that HMV are selling their Japanese business to DSM Investments for $140 million stock in the company jumped 6.5 percent to 130 on Monday, after making steady gains through the previous week.
With all eyes on sales in its Waterstones division after the launch of Harry Potter, noting that over the atlantic...
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Subprime likely to spread to UK homes
According to Investment news …
During the point of maximummarket turmoil earlier this month, the Daily Mail reassured us all. TheUK property market is not like the US market: there has been no boom inbuilding and so there will be no UK property market crisis, itsuggested.
And yet many, including the IMF, ABN Amro and...
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HMV – from zero to hero in less than a week?
By the end of last week HMV was being touted as the most shorted stock on the London Stock Market. The weekend news was full of gloom about the company. It seemed that HMV was, just like Superman, trapped and doomed – then we switch to the next week and suddenly – just like...
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UK floods to send house prices down 80%
The UK has always been attributed with grey boring weather even though the Brits are famous for making as much conversation about it as possible. Well over the last few years the Brits have had much to talk about, with the hottest and wettest months on record. Recent floods have delighted the British chattering...
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A third of Australians wait forty years to buy first house
If you think the world has gone crazy well check out Australia where house price inflation and huge debts have resulted in about a third of the population not expecting to afford their first house until they’re forty years old. For those in the UK (especially) London this may not seem to be a...
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