Home repossessions leap by 21%
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Figure is the highest since 1999 and a 300% increase on 2004, says Council of Mortgage Lenders
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New-home sales surged unexpectedly in September, climbing 3.5%, as low mortgage rates attracted buyers, a government report showed Wednesday.
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Mortgage foreclosures in the United States jumped to a record in the first half as rising interest rates and falling home prices battered homeowners.
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U.S. housing starts jumped a  larger-than-expected 6.4 percent in October to the busiest pace  since December as buyers took advantage of low mortgage rates,  a government report showed on Wednesday.
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House prices rose 1% in November after a small fall in October, according to the latest survey from the Nationwide building society.
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The number of foreclosure filings reported in the U.S. last month more than doubled versus August 2006 and jumped 36 percent from July, a trend that signals many homeowners are increasingly unable to make timely payments on their mortgages or sell their homes amid a national housing slump.
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Demand for larger properties pushed house prices up by 2.1% in July, official government figures show.
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Business & money: Â· Credit crunch creates Â£210bn backlog of buyouts Â· US sub-prime crisis claims more jobs and firms
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A jump in starts on single-family housing pushed total U.S. housing starts to a nearly 21-year high in January, but other data released on Wednesday were not as robust.
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Business & money: Mortgage lending rose to record levels last month as borrowers reacted to further interest rate rises.
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U.S. housing starts unexpectedly  rose 4.7 percent last month to a nearly 21-year high as  single-family housing starts shot up to a record, a Commerce  Department report showed on Wednesday.
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The number of new mortgages given to house movers fell 20% in the past year, the Bank of England says.
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The Mortgage Bankers Association reported today that mortgage holders starting the foreclosure process in the April-June quarter reached 0.65 percent.
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U.S. housing starts unexpectedly rose 4.7 percent last month to a nearly 21-year high as single-family housing starts shot up to a record, a Commerce Department report showed on Wednesday.
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MILLIONS of homeowners were given a boost yesterday after the Bank of England opted to keep interest rates at 4.75%. Economists had predicted the move after a string of surveys
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The decision was widely expected, following data which showed the surge in housing prices easing. The base rate is what the Bank of England charges on loans to commercial lenders.
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US sales of previously owned homes rose 2.7 percent to a record in November, making 2004 the best year ever for housing. Existing homes sold at a 6.94 million annual rate, up from a 6.76 million pace in October