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 U.S. real estate market still weak Yesterday's 25-point reduction in interest rates by the Monetary Council has not made a greater impression on investors, because it probably has already been included in the valuation of the zloty. Greater interest than does the decision to enjoy the message after the MPC meeting. They were in it, among others the first report on the details of inflation, which will be presented at today's conference at the Global Bank. According to information provided yesterday by the Council, the projected inflation in 2009 with 50% probability it will be in the range of 2.5% - 3.9%. The dynamics of GDP this year with the same probability will be 0.3% - 1.9%. The Council also reiterated the position that our country's accession to ERM II should be made as soon as possible, but only after making necessary amendments in the Constitution.. more |
 Crash in the real estate market
in the U.S.?The economy of the United States developed in the first quarter at a rate of just 1.3 percent. The smallest increase in over 4 years. As mentioned the main reason for slowing real estate market. In the U.S., is built mostly single family homes. Their number in the previous year was 1 466 thousand. units. The number of investment structures, which contained more than one building, was 336 thousand. In 2006, the number of free-standing family houses was 1 265 thousand. while the so-called. "twin" - only 200 thousand. With the increase in wages and well being of Americans is also rising demand for home measurement. The median residential area of detached houses in the entire previous year was 224.8 square meters. . more |
Owners of property in the United States lost 3.3 trillion U.S. dollars American real estate market in 2008 has lost 3.3 trillion of its value. One in six of the owners of real estate mortgage must be more than equal to the value of his home - provides real estate portal Zillow.com. In the fourth quarter of last year the value of the property market fell by 1.4 trillion dollars. Price of the house in the USA last year dropped an average of 11.6 percent. to 192,112 USD. |
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