Browsing Tag

Housing

UK housing starts hit a post-war low

According to the Telegraph, UK housing starts hit their lowest level in 63 years. With a lack of new business, how will Barrat's and Taylor Wimpey survive? The Telegraph suggests that investors will save them, much as they have saved the…

Commercial poperty ‘im Visier’

Deutsche Bank has sold three New York skyscrapers back to the Macklowe group at a discount of 20-30% reports the Wall Street Journal. This could be a watershed moment in the U.S. commercial real estate (CRE)sector. CRE is a sector that is…

Mortgage meldown in Britain

The UK is in the throes of the worst of the mortgage meltdown. Financial shares are tumbling. Home builders face collapse. Many top names in British housing and banking have been caught out and are getting a deserved swift kick: Northern…

The UK is even gloomier than the US

If you thought it was bad in the US, you need to read the British press. I subscribe to a number of RSS feeds for UK newspapers. I was rummaging tbough the Telegraph's news feed and I was surprised at how gloomy the mood is in the UK.…

Lawmakers default on loans too

After stars like Evander Holyfield and Jose Canseco defaulted on their mortgages, who is immune: lawmakers? Think again. The Charlotte Observer has a story out today reporting that Julia Boseman, a North Carolina State Senator has fallen…

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