US housing woes 'acute'
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The US housing and mortgage downturn is now so acute that a fall in home prices is likely, a key lender warns.
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US markets lose ground as data shows repossessions and overdue mortgage payments in the US at record levels.
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Financial market turbulence has noticeably hurt housing activity across the United States in recent weeks but other sectors of the economy have so far been spared, the Federal Reserve said on Wednesday.
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Wall Street may be on the defensive   this week if reports on housing and growth suggest the United   States economy is headed for an acute slowdown.
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Sales of new homes plunged last month to their lowest level in more than 12 years, a grim testament to the problems plaguing the housing sector.
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The US housing downturn may damage investment funds linked to sub-prime lending, experts say.
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Is the housing slump really that bad? After all, the S&amp;P 500 last week fell more in a single day (3.5 percent) than home prices have fallen in the past year nationally (3.1 percent).
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The United States is experiencing a  "significant" housing market downturn but the economy is  fundamentally sound and should avoid recession, Treasury  Secretary Henry Paulson will tell Congress on Thursday.
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The US economy appears set for a soft landing, the OECD said Wednesday, but it warned that the troubled sub-prime mortgage sector still poses a major risk.
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Sales of new US homes fall 23%, in the latest indication of the downturn in the housing market.
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US stocks fell sharply on Tuesday, hurt by retail and housing sector earnings warnings. Financials were roiled by more bad news from the subprime mortgage market.
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Fresh troubles in the subprime segment of the US housing market have ignited fears of contagion that could affect the financial sector and possibly the broader economy, analysts say.
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Home ownership will remain out of reach for millions of Americans, despite slumping house prices, unless low-income wages grow faster, according to a national housing study released Monday.
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As the U.S. mortgage crisis forces more properties into foreclosure, even renters are feeling the pain.
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Some economists are starting to question the magnitude of housingÂs impact on national habits of spending and thrift.
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US markets lose ground as data shows repossessions and overdue mortgage payments in the US have hit their highest level in years.
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Bush administration remedies for the ailing housing market.