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Posts Tagged ‘ Housing Boom ’

Housing Data Sends Dollar Down

Apr 22nd, 2008 | By Contrarian Profits | Category: Featured, Financial News, US Dollar & Forex Trading

More bad news for the US economy: sales of existing US homes fell 2% in March.

The recently released data from the National Association of Realtors are more evidence of the continuing slump the US property market.

The euro hit new highs today on the news, surging to $1.60.

“In the United States and in the United Kingdom, it is clear that the housing boom has been a bubble,” says Lord William Rees-Mogg in Whiskey and Gunpowder.

Tags: Association Of Realtors, Bear Stearns, Housing Boom, National Association Of Realtors, US Housing Market, Whiskey And Gunpowder, William Rees Mogg
Posted in Featured, Financial News, US Dollar & Forex Trading | No Comments »

Housing Crunch: Pending Home Sales Drop

Apr 8th, 2008 | By Contrarian Profits | Category: Featured, Financial News, Real Estate Investments

Existing US home sales dropped in February, according a National Association of Realtors (NAR).

The NAR pending home pending home sales index, a leading indicator of existing home sales, dropped 1.9% in February. The index is down 21.4% from the February 2007 level.

There has been plenty of shrill calls for government to intervene in the housing crisis, but what can – or should – government do?

Tags: , Association Of Realtors, Existing Home Sales, Federal Reserve, House Price, House Prices, Housing Boom, Moneyweek, Nar, National Association Of Realtors, Pending Home Sales Index
Posted in Featured, Financial News, Real Estate Investments | No Comments »

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