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Australia housing affordability stuck at record lows
Housing affordability remains at a 24-year low and is unlikely to significantly improve in the short term even if mortgage rates fall, the Housing Industry Association warns.
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Prime mortgages get hit, dashing recovery prospects
More borrowers with good credit are defaulting on their home loans, and that's going to make it even harder for the staggering housing market to recover. 6
Economic Report Summary: Housing Market Getting Worse
Rising prices and sluggish income growth along with soaring initial jobless claims highlighted the week's economic reports. Stocks and bonds ended with the S&P 500 Index up 2.9 percent to 1,296 (for a year-to-date total return of –10.9 percent) a 9
Highest Unsold Home Supply Since '82 Seen Need 50% Reduction
Hovnanian Enterprises Inc., New Jersey's largest homebuilder, cut the number of unsold houses by more than 50 percent over the past two years after lowering prices and still had 1,500 on its books as of April. 6
U.K. House Prices Fell, Confidence Dropped in July
U.K. house prices declined the most in almost two decades in July and consumer confidence fell to a record low as the economy edged closer to a recession. 11
Pound Falls, Gilts Rise as House Prices Drop Most Since 2001
The pound fell against the euro and the dollar and gilts rose after U.K. house values dropped in July by the most in at least seven years, increasing concern the economy is headed toward a recession. 8
U.S. Housing Slump Losses May Triple
Losses from the U.S. housing slump may more than triple from current levels, said John Stewart, chief executive officer of National Australia Bank Ltd., which July 25 boosted credit provisions more than fivefold. 8
Housing Bill Won't 'Perform Miracles'
Even as a huge bipartisan majority in the Senate voted yesterday to send a sprawling housing bill to the White House, economists, consumer advocates and other analysts said the package of programs for struggling homeowners and shaken mortgage len 
