Finance & Mortgage

'Halifax: U.K. house prices rise 0.5 Pct in May

House prices in the U.K. rose by 0.5 percent in May, rebounding from a 2.3 percent decline in April, according to recent figures released by mortgage lender Halifax showed on Thursday.

'Australia's recent rate cuts not aimed house prices

Australian Reserve Bank of Australia (RBA) Governor Glenn Stevens said Friday that recent interest rate cuts are not designed to spare mortgage holders the pain of falling house prices.

'Household net worth jumps $2.8 trillion

Household debt fell at a 0.4 percent annual rate in the first quarter of 2012 and household wealth increased by $2.8 trillion, the Federal Reserve said on Thursday.
Real Time Analytics