| Donovan visits Milwaukee to promote home refinancing plan 26 January 2012 Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, visited Milwaukee Thursday to promote President Barack Obama?s proposal to help homeowners refinance mortgages. In the coming days, Obama will release legislation that will let more borrowers refinance their mortgages to take advantage of the current low interest rates, Donovan said. The program targets owners whose home values have dropped and are underwater on their mortgages. Obama mentioned the plan in his state of the union address... Orlando 3Q foreclosed homes accounted for 21% of all sales 26 January 2012 Bank-owned home sales accounted for 20.8 percent of all sales in the third quarter, said a new report by RealtyTrac Inc. The Orlando metropolitan statistical area ? Lake, Orange, Osceola and Seminole counties ? posted a total of 3,040 foreclosed home sales in third-quarter 2011, said RealtyTrac?s third-quarter U.S. Foreclosure Sales Report. That was 46 percent below the 5,598 sales in third-quarter 2010 and 28.7 percent below the 4,263 bank-owned homes sold in second-quarter 2011. But the average sales price of $110,877 in last year?s third quarter was slightly better than third-quarter 2010?s $110,055 and a slight uptick from the average of $107,430 in second-quarter 2011... Sales of lender-owned homes in Hawaii up 63% in Q3 26 January 2012 There were 369 lender-owned homes sold in Hawaii during the third quarter of 2011, a 63 percent jump from the 226 sales during the third quarter of 2010, according to data from RealtyTrac. The Honolulu Star-Advertiser reports that the lender sales, which sold for an average price of $313,229, represented 6.7 percent of all home sales during the quarter. The newspaper reports RealtyTrac said there were also 117 short sales during the third quarter, which was 31 percent more than the same quarter in 2010. C-III acquisition will give NAI Hallmark access to capital, investors 26 January 2012 C-III Capital Partners LLC has completed its purchase of NAI Global, according to CoStar Group. The acquisition, announced in June, will provide NAI Hallmark Partners LLC in Jacksonville ?a real pipeline into Wall Street,? principal Alex Coley said. Hallmark Partners Inc. purchased the Jacksonville affiliation of NAI Global in November and formed NAI Hallmark Partners LLC, a subsidiary that will handle the firm?s real estate brokerage services. C-III CEO Andrew Farkas ?really has great relationships with a lot of money sources on Wall Street,? Coley said... More global news stories... |
| Bank | Rate | Movement | Move Date | Next Decision | |||
|---|---|---|---|---|---|---|---|
 | Bank of England | 0.50% | 0.00% | 12 Jan '12 | 09 Feb '12 | Graph (see below) | Official Release | |
 | Federal Reserve Bank of New York | 0.25% | 0.00% | 14 Dec '10 | 26 Jan '11 | Graph (see below) | Official Release | |
 | European Central Bank | 1.00% | 0.00% | 13 Jan '11 | 10 Feb '11 | Graph (see below) | Official Release |
Bank of England Historical Base Rates
Click the graph link next to a bank in the list above to change this graph.With the US housing market experiencing a slow down and the US subprime mortgage market in crisis, there is increasing concern over the vulnerability of the economies of other countries where there has been a boom in house prices over the past decade.
This site exists to provide information and discussion related to the housing market.
- Links to articles from the UK, American and Australian press are updated daily here
- A discussion board for you to share you experiences of house buying and selling, and to ask the advice of others
- Statistics, including historic interest rates of major economies, housing market indicators, and predictions
- Some links to selected property market and economic websites
- Quotes from housing market pundits through the years
External Sites