Tag: home

US new home sales in sharp decline in January

US new home sales in sharp decline in January

The Commerce Department has today revealed a sharp fall in sales of new homes in the US for the month of January. According to the Commerce Department, new single-family home sales fell 12.6% on a monthly basis to an annual rate of 248,000 units. On an annual basis, January sales were down 18.6%. However, the [...]

February 24, 2011 | 0 Comments More
HMRC: House sales slightly up in 2010 on year

HMRC: House sales slightly up in 2010 on year

HM Revenue & Customs (HMRC) has reported that the number of homes sold in the UK during 2010 was 885,000. While this was a slight improvement on 2009 levels, it was just over half of the peak seen during the housing boom years of 2006 and 2007. The figures are evidence that the housing market [...]

January 26, 2011 | 0 Comments More
NAR reveals surge in US homes sales in September

NAR reveals surge in US homes sales in September

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 [...]

October 25, 2010 | 0 Comments More
Young Britons prepare for 10-year wait on home ownership

Young Britons prepare for 10-year wait on home ownership

Buying a home has become a pipe dream for millions of young Britons, the National Housing Federation (NHF) claims. Research by the body, which represents England’s housing associations, suggests that 50% of those wanting to get a foot on the property ladder are preparing for at least a 10-year wait. The YouGov survey commissioned by [...]

March 22, 2010 | 0 Comments More
Protection for homeowners unable to pay credit card debt

Protection for homeowners unable to pay credit card debt

Property owners in danger of losing their homes as a result of consumer debt could soon be better protected. The Ministry of Justice has launched a consultation on proposed new measures that would set a minimum level of such debt before a court can order the sale of a home. Under the current system, a [...]

February 7, 2010 | 0 Comments More
Emotional value of home ownership revealed

Emotional value of home ownership revealed

New research has revealed that property-ladder obsessed Britons are changing their priorities, as a result of the economic downturn. In a study by insurer Aviva and psychologist Dr Paul Keedwell, 74% of people questioned said they were happy to remain in their current home and 68% admitted to seeing their home as an emotional investment, [...]

November 5, 2009 | 0 Comments More
US home sales experience marginal increase

US home sales experience marginal increase

The National Association of Realtors announced today that sales of previously owned homes in the US rose in May, albeit at a slower-than-expected pace. The organisation said sales rose 2.4% to an annual rate of 4.77 million units, up from the revised 4.66 million reported in April. Analysts had expected a 4.81 million-unit pace for [...]

June 23, 2009 | 0 Comments More
Average home costs £31 per day

Average home costs £31 per day

Running a household now costs an average of nearly £11,500 per year, or £31 per day, according to new research from Sainsbury’s. Homeowners spend an annual £11,455 on mortgage payments, council tax, energy bills, and property upkeep, the study found. This is an increase of 2.6% in the past two years – a relatively low [...]

June 19, 2009 | 0 Comments More
Half of Brits upgrade homes

Half of Brits upgrade homes

Over half of British homeowners have forked out for home improvements in the last year, spending an average of £5,300. Halifax’s Home Improvement Survey found that 55% of homeowners have undertaken a home improvement project in the last 12 months. The most popular choice was redecorating, with two thirds (64%) of home upgrades involving a [...]

May 27, 2009 | 0 Comments More
Sir Fred Goodwin’s Edinburgh home attacked

Sir Fred Goodwin’s Edinburgh home attacked

Public outrage at the role played by leading bankers in driving the UK economy into the buffers has possibly erupted into violence, with reports that the Edinburgh home of Sir Fred Goodwin, former chief executive of Royal Bank of Scotland (RBS), was attacked in the early hours of this morning. Windows at the property were [...]

March 25, 2009 | 0 Comments More
Potential homeowners turn to saving

Potential homeowners turn to saving

Birmingham Midshires has reported a rise in the number of people saving for a deposit for their first home. The lender, now part of Lloyds Banking Group, also reported a drop in the number of Britons saving for no particular purpose. According to a recent survey, 25% of 25 to 34-year-olds savers are piling up [...]

March 23, 2009 | 0 Comments More
Home repossessions leap towards 47,000

Home repossessions leap towards 47,000

The Financial Services Authority (FSA) has reported a sharp rise in home repossessions and mortgage arrears. During 2008, lenders repossessed a total of 46,750 properties, up from 27,900 in 2007. Cases of mortgage arrears of three months and more rose 31% over the year, to 377,000. The increase accelerated during the final quarter with around [...]

March 17, 2009 | 0 Comments More
Home repossessions up 54%

Home repossessions up 54%

Home repossessions rose to 40,000 during 2008, according to data from the Council of Mortgage Lenders (CML). The figure is up 54% on 2007, although 5,000 fewer than forecast. The CML attributes the respite to mortgage lenders making “strenuous efforts” to ensure that repossession is used as a last resort. The body also points out [...]

February 20, 2009 | 0 Comments More
US new home sales drop/factory orders tumble

US new home sales drop/factory orders tumble

There is more bad news for the US economy today as the Commerce Department revealed that new home sales fell by 14.7% last month. Meanwhile, for the full 2008 year, sales fell by 37.8% to 482,000 homes - the fewest since 1982, when 412,000 homes were sold. However, on a positive note, while sales of [...]

January 29, 2009 | 0 Comments More
Americans take advantage of lower house prices

Americans take advantage of lower house prices

Figures from the National Association of Realtors have revealed a surprise rise in US home sales in December, as buyers took advantage of lower house prices. The organisation said sales of existing homes rose 6.5% to an annual rate of 4.74 million, from 4.45 million in November. According to the National Association of Realtors, for [...]

January 26, 2009 | 0 Comments More
Credit crunch brings families together

Credit crunch brings families together

The credit crunch is a lot like the World War II Blitz, new research has revealed. The poll by Cahoot, Abbey’s online branch, found that recession induced penny pinching is bringing families closer together in a ‘Blitz’ type spirit. Brits are choosing to spend time at home with loved ones instead of going out and [...]

January 20, 2009 | 0 Comments More
Home wind turbine claims adrift

Home wind turbine claims adrift

Property owners hoping to reduce running costs by erecting a home wind turbine should take a look at the latest research on the subject. A report by Encraft, the engineering consultant that specialises in low carbon buildings, has revealed that most installations perform well below the levels promised by manufacturers. The least effective turbines provided [...]

January 15, 2009 | 0 Comments More
House prices down 2.6% in November

House prices down 2.6% in November

Halifax has reported a further 2.6% fall in the average price of a UK home, in November. The annual rate of decline now stands at 14.9% (compared with 13.7% in October), with the average cost of a property at £163,605, roughly the same as in July 2005 and down £31,485 over the past 12 months. [...]

December 4, 2008 | 0 Comments More
Londoners make large cuts in asking prices

Londoners make large cuts in asking prices

In the past fortnight homeowners in London have begun to drastically reduce asking prices to secure a sale. Research from property search engine, Globrix, has revealed that those anxious to find a purchaser before Christmas are prepared to knock over £100,000 off the price of their homes. In the capital’s two most expensive boroughs, Westminster [...]

November 27, 2008 | 0 Comments More
Taylor Wimpey order book down 40%

Taylor Wimpey order book down 40%

Taylor Wimpey is the latest housebuilder to reveal the full extent of the downturn in the UK property market. The company has revealed that its order book for the first 44 weeks of 2008 fell by around 40%, to 6,607. The figure compares with 11,074 over the same period of 2007. During the six months [...]

November 12, 2008 | 0 Comments More