House Price Crash News Blog

Telegraph: EU's regulation of City would 'strangle' London, says Mayor Johnson

2009-07-10T00:06:10Z

Telegraph: EU's regulation of City would 'strangle' London, says Mayor Johnson Boris Johnson, the Mayor of London, said yesterday that European plans to regulate the financial services sector threatened to drive hedge funds out of London and Europe, even though they were "blameless" for the crisis.

Las vegas sun: Las Vegas breaks record for monthly homes sales

2009-07-09T16:52:06Z

Las vegas sun: Las Vegas breaks record for monthly homes sales come on guys help me out on their website, 2 agents are trying to make out we are all idiots and agents never lie...

Write About Property: UK House Prices Fell in June - More Falls Inevitable and Necessary

2009-07-09T14:08:10Z

Write About Property: UK House Prices Fell in June - More Falls Inevitable and Necessary If this current positive data should trigger a large number of these people to begin marketing their property and prices will likely go back into freefall," he said. And that is certainly the worry throughout the industry, having been voiced by major industries bodies including the Royal Institute of Chartered Surveyors. But at the same time you can't have a healthy housing market, or a housing market recovery on the current levels of stock

Bloomberg: Bradford & Bingley Swaps Triggered by Credit Event

2009-07-09T14:03:19Z

Bloomberg: Bradford & Bingley Swaps Triggered by Credit Event Looks like the B&B are taking a page from there own cusomers book, if you cant beat'em...join'em. I sit here, I read, I think and I ponder, where, when and how will it all end :-(

Times Online: Latest:Bank holds rate to pause in fight against slump

2009-07-09T12:17:25Z

Times Online: Latest:Bank holds rate to pause in fight against slump The Bank held interest rates again at their existing 315-year low of 0.5 per cent ...bla,bla,bla. This is to encourage the sheeple to go out and spend money they don't have. It is likely to be on exports, as we don't make anything anymore!

Reuters: BoE maintains rate at 0.5%, holds QE steady

2009-07-09T12:09:55Z

Reuters: BoE maintains rate at 0.5%, holds QE steady As expected, interest rates are held at 0.5%, but the markets were expecting the Bank of England to announce QE2 - a massive Â£25billion expansion of the quantitative easing programme. That didn't come today, although the bank hinted it would reconsider the issue at the August meeting. Sterling has jumped 2% against the euro and the dollar on the news.

Timts Online: Housing recovery stunted by 'lack of mortgages'

2009-07-09T12:00:16Z

Timts Online: Housing recovery stunted by 'lack of mortgages' Redrow also sounded a note of caution on the mortgage market, stating: â€œWithout doubt this is a major obstacle to the recovery of the housing market and we are of the view that resolving this issue can play a significant role in a recovery of the economy as a whole." "However, both said that a lack of mortgage finance was impairing recovery".

Mortgages rise on parents' help for first-timers: The Times

2009-07-09T11:13:05Z

Mortgages rise on parents' help for first-timers: The Times A record number of young first-time buyers are getting help from their parents to enter the housing market, according to the Council of Mortgage Lenders (CML), sending the number of home loans granted in May up by 4 per cent. The CML said today that around 80 per cent of first-time buyers under the age of 30 appear to be receiving help from their parents after failing to save the necessary deposits to climb on the housing ladder. Over the past two years, banks have reversed their policy of easy credit and dramatically clamped down on offering mortgages to customers without large cash deposits. First-time buyers are been particularly hard-hit by the squeeze. The CML, which represents most banks and building societies, said while first-time buyers have had to rely increasingly on help ...

BBC: HSBC said it wanted to cut losses from cheque fraud and to discourage people from spending money they did not have.

2009-07-09T10:50:49Z

BBC: HSBC said it wanted to cut losses from cheque fraud and to discourage people from spending money they did not have. HSBC said it wanted to "discourage people from spending money they did not have." "It is about reducing risk from a mechanism that allows a customer to continue to make purchases from their current account when they know they don't have the funds or an approved overdraft."

BBC 5 Live: Wake up to Money: Wake up to Money 09 July 2009

2009-07-09T10:16:47Z

BBC 5 Live: Wake up to Money: Wake up to Money 09 July 2009 Andy is on fire today. Gave Darling a right grilling, then "We ask Peter Bolton King, chief executive of the National Association of Estate Agents, how they came up with these figures".