News Articles
Warren Buffett is confident of US property market recovery
US billionaire investor Warren Buffett has predicted the downturn in the US property market will be over within a year.
In his annual address to shareholders in Berkshire Hathaway, the investment group controlled by Mr Buffett, he said prices will remain ‘far below bubble levels’ for t
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USA Resales Selling Fast
Resale property transactions in the USA increased 44.1% year on year in November, according to the National Association of Realtors (NAR).
Sales levels increased 7.4% on the previous month to an annual rate of 6.54 million units sold, the highest figures since February 2007 when the rate h
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USA Housing outlook for 2010
This year the housing market showed signs of life. But with banks releasing foreclosures en masse in early 2010 and unemployment climbing, prices have further to fall.
In a depressed year for the US economy, the housing market has offered some positives, property sales have improved, recentl
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The Miami Herald asks “is the worst over for South Florida housing market?”
Is the South Florida housing market finally touching bottom? The answer, of course, can only be seen in the rearview mirror, but analysts agree that the most terrifying part of the downward slide is behind us.
New monthly figures from the Florida Association of Realtors show sales of existin
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US dollar hits record low against the pound
The US dollar tumbled against major currencies on Thursday, hitting a 26-year low against sterling and a record low against the euro as expectations grew for more interest rate cuts from the U.S. Federal Reserve. At one point, the pound rose as high as $2.1145, before falling back slightly to $
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Pound hits high against US Dollar
The pound hit its highest level against the dollar for more than a quarter of a century today (April 18, 2007), crashing through $2 barrier after UK inflation rose to 3.1% in March. The rise is the strongest since June 1981, when it hit $2.013.
While this is bad news for UK homeown
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