Alliance upbeat on housing market
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Alliance & Leicester sees annual profits rise 4% to Â£569m and is optimistic about mortgage demand.
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The alliance calls for cooperation on joint listings, trading technology and marketing, with the possibility of investing in each other in the future.
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The pace of existing home sales rose modestly in October hitting a 6.24 million-unit annual rate, according to a report form the National Association of Realtors on Tuesday that marked an unexpected rise from economists' expectations.
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Stocks rose on Thursday after data showed new home sales increased more than economists had expected last month, boosting optimism about economic growth and corporate profits.
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Pending sales of existing U.S. homes advanced a stronger-than-expected 4.9 percent in December, the biggest monthly gain since 2004, a real estate agents' trade association said on Thursday in a report showing some stability in the housing market.
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London equities closed higher on Monday after upbeat broker comment helped property stocks bounce back.
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WASHINGTON &#151; Sales of new homes rose by 9.4 percent in August, the Commerce Department said yesterday, as mortgage interest rates remained at low enough levels to continue enticing buyers worried about future rate increases.
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A gauge of future economic activity edged higher in September, suggesting the economy may continue to trudge forward at a modest pace despite a worsening housing slump.
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The homebuilder beats expectations; shares bounce back.
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The economy should expand modestly in coming months as a healthy job market continues to trump weakness in housing prices.
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Sales of new homes rose 16.2 percent in April, the sharpest climb in 14 years as builders slashed prices a record 11 percent, a government report showed on Thursday, signaling stabilization in the housing sector.
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Sterling was little changed, with a survey into the housing market from the property website Hometrack coming in as expected.
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The sale of new single-family homes across the country rose by 9.4 percent in August, ending a two-month dip, the US Commerce Department reported yesterday.
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The jump in retail sales is likely to reinforce the Federal Reserveâs view that the cooling housing market has not hurt the rest of the economy.
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It's no secret that the condominium market statewide is strong and the rental housing market soft.
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Housing construction in August surged to its highest level in five months, a dose of encouraging news for the economy's expansion.
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House price growth remains strong despite concerns about interest rate rises, Land Registry figures show.