BoE pledges to monitor house prices

September 26, 2013 under Useful Articles
By Philip Aldrick, Economics Editor – 10:19AM BST 25 Sep 2013 Echoing words by the Bank’s Governor Mark Carney last week, the Financial Policy Committee (FPC) said in its three-monthly statement that “it should closely monitor developments in the housing market and banks’ underwriting standards … [and] be vigilant to potential emerging vulnerabilities”. The Bank’s comments appeared to be
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US house prices in biggest annual rise for seven years

September 26, 2013 under Useful Articles
24 September 2013 Last updated at 10:26 ET - BBC © 2013 US house prices rose 12.4% over the 12 months to the end of July, the biggest annual increase since February 2006, according to a closely-watched measure. The rise was revealed in the latest S&P/Case-Shiller Home Price Index. The index measures single-family home prices across 20 cities, with 13 cities showing a rising annual growth rate. Last week, t
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UK growth ‘sustainable’ and ‘above average’, Miles declares

September 26, 2013 under Useful Articles
By Philip Aldrick, Economics Editor – 11:42AM BST 24 Sep 2013 David Miles, an external member of the Monetary Policy Committee (MPC), said he was “now more confident that we are on path to recovery than at any time since I joined the MPC in the first part of 2009”. This month, Mr Miles formally dropped his vote another £25bn of quantitative easing (QE), a position he had held since November last ye
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China’s economy is back firing on all cylinders

September 12, 2013 under Useful Articles
Kevin Yao, Reuters | 13/09/10 | Last Updated: 13/09/10 1:43 PM ET BEIJING — Stronger-than-expected industrial output reinforced other signs that China’s economy was stabilizing after slowing for more than two years, just as major emerging markets brace for potential fallout from an expected trimming of U.S. stimulus. Factory output growth hit a 17-month high and retail sales grew at their fastest pace this
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Canada’s two largest real estate markets are surging

September 11, 2013 under Useful Articles
Theophilos Argitis, Bloomberg News | 13/09/05 9:55 AM ET Home sales in Canada’s two largest cities continued their surge in August from a year earlier. Sales in Toronto, the largest market, rose 21% from August last year to 7,569 units, the Toronto Real Estate Board said in a statement Thursday, with average prices gaining 5.4%. Vancouver existing home sales rose 52%, that city’s real estate board said Wednes
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ECB, Bank of England hold rates, Draghi’s guidance under market microscope

September 10, 2013 under Useful Articles
Sakari Suoninen, Reuters | 13/09/05 | Last Updated: 13/09/05 8:30 AM ET FRANKFURT — The European Central Bank left interest rates unchanged on Thursday, and markets turned their attention to ECB chief Mario Draghi’s news conference for any signs a eurozone recovery will affect the bank’s policy stance. Abandoning its tradition of never pre-committing on future moves, the ECB said in July it would keep its
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9.05.13: Toronto home sales jump 21% in August, realtors say

September 10, 2013 under Useful Articles
M. Corey Goldman and National Post Wire Services | 13/09/05 | Last Updated: 13/09/05 4:35 PM ET Realtors say home sales in the Greater Toronto Area shot up 21% in August compared with last year, with strength in all major housing categories. The Toronto Real Estate Board says 7,569 residential transactions went through its MLS system last month, compared with 66,249 sales in August 2012. The average selling p
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Vancouver home sales jump more than 50%, but prices lag

September 9, 2013 under Useful Articles
Garry Marr | 13/09/04 12:40 PM ET The country’s most expensive housing market is showing signs of surging sales but Vancouver is still lagging historical norms. The Real Estate Board of Greater Vancouver said they were 2,514 sales via the Multiple Listing Service last month, a 52.5% increase from a year ago. Analysts has been expecting a big number in August but have cautioned that a year ago was a brutal month
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Vancouver home sales jump more than 50%, but prices lag

September 5, 2013 under Useful Articles
Garry Marr | 13/09/04 12:40 PM ET The country’s most expensive housing market is showing signs of surging sales but Vancouver is still lagging historical norms. The Real Estate Board of Greater Vancouver said they were 2,514 sales via the Multiple Listing Service last month, a 52.5% increase from a year ago. Analysts has been expecting a big number in August but have cautioned that a year ago was a brutal month
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Bank of Canada holds rate, warning recovery is losing momentum

September 5, 2013 under Useful Articles
Gordon Isfeld | 13/09/04 | Last Updated: 13/09/04 5:52 PM ET OTTAWA — Two months into the job, the new governor of the Bank of Canada now appears to be hedging his bets on when the long-promised, business-driven recovery will kick into gear. Stephen Poloz and his policy team are cautioning that although the global economy is expanding “broadly as expected, its dynamic has moderated.” And that, they say, i
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