Barratt warns of housing slowdown
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UK housebuilder Barratt says interest rate rises and the credit squeeze are set to hurt the housing market.
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House prices in Britain fell at their steepest pace in nine years in the three months to September,adding to evidence that the property market is cooling and decreasing the possibility
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House prices rose by just 0.2% in September as the market continued to show signs of slowing down. It follows a rise of just 0.1% during August, said the Nationwide Building Society.
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Signs of a housing slowdown are now beginning to surface across the UK as a fall in the number of new buyers has now created a surplus of properties, suggests the latest Hometrack house price survey.
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The International Monetary Fund has warned that rising interest rates in some of the world&#39;s biggest economies may slow global house price growth.
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Concerns about a slump in UK house prices may damage chances of selling Northern Rock, a report says.
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A cooling housing market is likely to trigger a slowdown in the U.S. economy next year and could weigh on the global economy as well, the International Monetary Fund said Thursday.
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WASHINGTON -- Construction of new homes fell in August to the slowest pace in 12 years as troubles in the housing industry continued to intensify.
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House prices will suffer a &quot;modest&quot; fall over the next couple of years, the Bank of England warned yesterday as it cut its forecast for economic growth.
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The OECD warns the UK economy may slow because of the credit crunch, forcing the Bank of England to cut rates.
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Home buyers and owners were warned yesterday by two separate surveys of the property market that house prices were continuing to fall.
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The U.S. economy can weather a   slowdown in the housing sector as rising incomes and business   investment offer support, Federal Reserve officials said on   Wednesday as they pointed to inflation risks.
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The housing market, in its deepest rut since the early 1990s, is likely to get worse in the near term, economists said.
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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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Washington's real estate industry, already pinched by a slowdown in residential construction, is bracing for further retrenchment after last week's meltdown in the mortgage market.
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A swathe of data from UK lenders backs up  claims that the UK property market is slowing down after its recent boom.
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Housing activity has slowed from  recent years but the dragdown should not lead to a recession,  mortgage finance company Freddie Mac  said on Thursday  in its monthly economic outlook.