LOS ANGELES-New residential construction surged 15 percent in September, turning in its best performance in 17 months, though economists warned that a housing recovery has yet to take hold. While new construction is key to getting the economy going, much of the new building came from the apartment sector, which can be very volatile. Many [...]

The bank has launched a range of fee-free mortgages with a maximum loan-to-value (LTV) of 90%, including a market-leading lifetime tracker. The bank is reserving £250m of its lending for first-time buyers until the end of the year. The mortgages include a two-year fixed-rate loan at 4.49%, a five-year fix at 4.89%, and the lifetime [...]

The latest research published by Savills shows that homes in Sydney have seen their values increase. According to the firm, the average price of a dwelling in the New South Wales city in June rose by 1.6 per cent, with houses experiencing a boost of 3.4 per cent, compared to a year earlier. However, the [...]

Fundamental Forecast for the US Dollar: Bullish Risk aversion has once against overrun the markets; but the current situation is different than what we were seeing back in July / August. While that tumble covered remarkable ground; it would be more appropriately labeled a technical break. What we are seeing now is more fundamentally rooted. [...]

BALTIMORE – Andrew Wells is hoping to buy a Baltimore home for around the cost of an old car: Less than $10,000. Turns out he’s in good company. One of every 10 city homes sold during the first half of the year – about 275 in all – fell in that price range. Twice as [...]

The housing index said the south-west experienced the greatest monthly rise with an increase of 2.2%, while the north-east experienced both the greatest annual price fall with a decrease of 8.8%, and the most significant monthly price fall at -2.3%. The only region in England and Wales to experience an increase in its average property [...]