The US housing market remains depressed after figures have revealed sales of previously owned homes fell 0.8% on a monthly basis to a 7-month low, according to the National Association of Realtors (NAR). The industry body said the fall in sales was attributed to contract cancellations with sales running at an annual rate of 4.77 [...]
The US housing market remains depressed after figures today revealed sales of previously owned homes plunged 15% on an annual basis last month, according to the National Association of Realtors (NAR). The industry body also said sales were down 3.8% on the previous month to a seasonally adjusted annual rate of 4.81 million units – [...]
The National Association of Realtors (NAR) has announced its Pending Home Sales Index rose in February after two months of declines. The surprise rise comes after a series of gloomy reports for the US housing market. On a monthly basis, the index rose 2.1% to 90.8, confounding analysts expectations of a fall of 1%. On [...]
The National Association of Realtors (NAR) has today revealed sales of previously owned homes in the US plunged to a low not seen since April 2002. The industry body said sales dived 5.2% last month to a seasonally adjusted annual rate of 4.88 million units – suggesting the housing market is still depressed. Economists had [...]
The National Association of Realtors (NAR) today said its Pending Home Sales Index fell in January. On a monthly basis, the index fell to 88.9, from a downwardly revised 91.5 in the previous month and was lower than the reading of 89.5 expected by economists. The data reflects contracts and not closings, which normally occur [...]
The National Association of Realtors (NAR) has revealed sales of previously owned homes in the US rose in January. The industry body said sales grew 2.7% in January to a seasonally adjusted annual rate of 5.36 million units – beating forecasts of 5.23 million units. Sales were also up 5.3% compared with January 2010 levels. [...]
The National Association of Realtors (NAR) today said its Pending Home Sales Index rose in December. On a monthly basis, the index was up by 2% to 93.7 from 91.9 in November. The reading also beat expectations of a 1% rise. It also represented the fifth gain in six months, said the NAR. The data [...]
The National Association of Realtors (NAR) has today revealed sales of previously owned homes in the US rose more than expected in December. The industry body said sales grew 12.3% to a seasonally adjusted annual rate of 5.28 million units – beating forecasts of 4.85 million units. Economists had expected a lower reading due to [...]
The National Association of Realtors (NAR) has today revealed sales of previously owned homes rose more than expected in November, offering hope that the housing market may slowly be recovering from its slump. The industry body said sales grew 5.6% to a seasonally adjusted annual unit rate of 4.68 million, up from October’s 4.43 million [...]
The National Association of Realtors (NAR) has today revealed sales of previously owned homes fell more than expected in October, following two months of strong gains. The industry body said sales fell 2.2% to a seasonally adjusted annual unit rate of 4.43 million units, down from September’s 4.53 million units. Commenting on today’s figures, Lawrence [...]
The National Association of Realtors (NAR) has today revealed a surge in sales of previously owned homes in the US for the month of September. The industry body said sales jumped 10% in September – the biggest monthly rise in 28 years. Furthermore, it compares favourably with September 2009, when existing home sales nationwide were [...]
The National Association of Realtors (NAR) has today revealed a surge in sales of previously owned homes in the US for the month of August. The industry body said sales jumped 7.6% in August to an annual rate of 4.13 million units, up from a revised 3.84 million units in July – which represented the [...]
The National Association of Realtors (NAR) today said its Pending Home Sales Index fell by 18.6% in June on year. On a monthly basis, the index fell by 2.6% to 75.7 points based on contracts signed in June compared with May. As a result, the index fell to the lowest level since records began in [...]
The National Association of Realtors (NAR) has today revealed a further fall in sales of previously owned homes in the US for the month of June – the second consecutive monthly fall. The industry body said sales fell 5% in June to an annual rate of 5.37 million units. While the figure is 9.8% higher [...]
The National Association of Realtors (NAR) today said its Pending Home Sales Index fell by 30% in May, after rising 23% between January and April. The slump was attributed to the expiration of a Government incentive – which ended on 30 April. While a fall in deals was anticipated, it was double the amount that [...]
The National Association of Realtors (NAR) has today revealed a surprise drop in sales of previously owned homes in the US for the month of May, despite the Government tax credit designed to entice homebuyers. The industry body said sales fell 2.2% in May to an annual rate of 5.66 million units, up from a [...]
Wall Street’s main Dow Jones index closed up 2.3% yesterday at 10,250 after good news boosted investor confidence. The pending home sales index and demand for cars boosted stocks in the world’s largest economy. “A positive housing report and better-than-expected auto sales are giving the stock market a lift,” according to Wells Fargo senior equity [...]
The National Association of Realtors (NAR) today said its Pending Home Sales Index rose for the third consecutive month in April boosted by the expiration of a Government tax credit. The NAR said the index rose 6% in April – far exceeding the 4.3% rise which many analysts had predicted. However, the index is 22.4% [...]
The National Association of Realtors (NAR) has today revealed a rise in sales of previously owned homes in the US for the month of April, boosted by the expiration of a Government tax credit, which ended last month. The industry body said sales surged 7.6% in April (a five-month high) to an annual rate of [...]
The Commerce Department has today revealed a fall in sales of new homes in the US for the month of February. According to the Commerce Department, new single-family home sales fell by 2.2% on the month to a seasonally adjusted annual rate of 308,000 units – the lowest since records commenced in 1963. Meanwhile, the [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
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