Entries from Chemicals & The Economy tagged with 'National Association of Realtors'
US housing weakens, UK follows
US housing markets are getting worse. Today’s S&P/Case-Schiller index showed prices declined 8.9% in December. Moody’s said that 10% of homeowners (8.8 million people) had negative equity in their homes. And unsurprisingly, given this background, bank repossessions rose 90% versus...
Two swallows
This week has seen more downbeat news on US auto and housing sales. Ford said their total August vehicle sales were down 14% versus August 2006, and that their car sales were down by an amazing 34%. Toyota, who have...
The end of the prologue
The report in today's 'Financial Times' that Barclays Bank has lost 'several hundred million dollars', means that the UK has now joined every other global financial centre in suffering from the US subprime mortgage crisis. The news followed Friday's 5%...
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