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  • US house prices continue to fall

    Q4 was never going to be good for US housing markets. The financial crash of September/October not only terrified potential buyers, but also meant they found it increasingly difficult to secure loans. As the chart shows, this lethal combination hit house prices hard. The latest S &P/Case-Shiller...
    Posted to ICIS Blogs (Weblog) by Anonymous on 01-03-2009
  • US house prices fall again

    US house prices continued their downward path in August, and "every region reported negative annual returns", according to today's new Case-Shiller index . Nationally, average prices were down 17%, with Phoenix and Las Vegas down over 30% since last August. The recent Panic in financial...
    Posted to ICIS Blogs (Weblog) by Anonymous on 10-28-2008
  • US house prices keep on falling

    US house prices, according to today's S&P/Case-Shiller Index, are still falling quite sharply. As shown in the chart, they are now down 17% versus last year. The key influence, according to S&P, is that 'the markets that were the high-flyers during the recent real estate boom continue...
    Posted to ICIS Blogs (Weblog) by Anonymous on 08-26-2008
  • US housing 'terrible'

    When a leading banker says things look ' terrible' , one know they must be really bad. Jamie Dimon is CEO of JP Morgan Chase, the only major US bank not to take write-downs on its housing loans to date. He described the US housing market as follows: 'We saw subprime go first, then you see...
    Posted to ICIS Blogs (Weblog) by Anonymous on 07-31-2008
  • $216.9bn and still rising

    After a while, large numbers lose their power to shock. So Bloomberg and the FT have performed a service this week by reminding us of the scale of losses in the financial sector. They calculate that so far, US and European banks have had to raise $216.9bn of new capital . And, of course, whilst this...
    Posted to ICIS Blogs (Weblog) by Anonymous on 05-04-2008
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