Posts Tagged ‘housing bubble’
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Carney Looks to Cool Housing Market; GBPUSD Holds Above 1.7000

by Christopher Lemieuxon June 26, 2014 11:15 am GMT
The ever-increasing housing prices in the United Kingdom has prompted the Bank of England (BoE) to take action to cool the housing market in order to avoid potential bubble-like risks. BoE Governor Mark Carney announced this morning that the central bank will intervene in the lending process and limit the number of riskier mortgages in […]

US Home Prices Increase at Slowest Pace in Over a Year

by Christopher Lemieuxon June 24, 2014 2:45 pm GMT
Home prices in the United States increased at the slowest pace in more than a year, as home affordability hampers price appreciation. The S&P/Case-Shiller Index, comprised of 20 cities, increased 10.8 percent from April 2013 opposed to the 12.4 percent in March. Home prices adjusted for seasonal variations increased only .2 percent in April, marking […]

Lagarde Said IMF Underestimated the UK Economic Rally

by Christopher Lemieuxon June 9, 2014 7:42 pm GMT
The International Monetary Fund (IMF) underestimated the economic rally in the United Kingdom and the effects of the ongoing austerity program. “We got it wrong,” according to IMF managing director Christine Legarde on the “Andrew Marr Show.” The IMF has warned against deep cuts is fiscal policy, known as austerity, and tried to program neo-Keynesian […]

Cable Continues Slide on Poor Mortgage Data

by Christopher Lemieuxon May 27, 2014 11:13 am GMT
Cable continues to slide lower on weak mortgage data. The BBA mortgage approvals fell to an eight-month low in April, as home loans dropped from 45,045 to 42,173, according to the British Bankers Association (BBA). Analysts were expecting a smaller drop to 45,200 approvals, while March mortgage approvals were revised lower from 45,900 to 45,000. […]