Posts Tagged ‘Home Price’
Forex Market News – Selling Pressure in Euro Zone
Thursday, August 27th, 2009The Euro may see selling pressure in European hours with Germany’s Consumer Price Index expected to show that the annual inflation rate fell for the second straight month in August. UK Nationwide House Prices are also on tap, with forecasts calling for home values to fall the least in 16 months.
Key Overnight Developments
• New Zealand Trade Deficit Narrowed in July as Imports Tumbled
• Australian Business Investment Trumps Expectations in Second Quarter (more…)
The US Housing Market and the Dollar
Thursday, August 6th, 2009As reported today by the Mortgage Calculator and other sources, the US housing market could be in the early stages of recovery. “Nationwide, home resales in June are up 9 percent from January, on a seasonally adjusted basis. Sales of new homes have climbed 17 percent during the same period. And construction, while still anemic, has risen almost 20 percent since the beginning of the year. Even home prices, down one third from the top, edged up in May, the first monthly increase since June 2006.” While the data is certainly susceptible to overly optimistic interpretation, these represent positive developments by any standard. (more…)
