Bloomberg
Renting a Room in London Costs Over £1,000 a Month
The average rent for a single room in London has surpassed £1,000 ($1,246) a month for the first time, rising 15% from a year ago, according to data compiled by SpareRoom, a website that matches people seeking roommates. Eamon Farhat...
Bloomberg
China Banks Enlisted in Stimulus Push
China may announce that the big state-owned banks are cutting rates on the majority of the nation's 38.6 trillion yuan ($5.3 trillion) of existing mortgages, according to people familiar with the matter. The reductions will only affect...
Bloomberg
New Zealand First-Time Homebuyers Seize Brief Window
New Zealand's home-building approvals fell 5.2% month-on-month in July versus revised increase of 3.4% in June. Meanwhile, the country's slump in house price has given first-time homebuyers a welcomed leg up in their quest to purchase a...
Bloomberg
Fed's Goolsbee on Inflation, Wages, Possible Auto Strike
Federal Reserve Bank of Chicago President Austan Goolsbee discusses the path of Fed policy, what a potential UAW strike could mean for the economy and the current level of mortgage rates with Mike McKee on the sidelines of the Federal...
Bloomberg
Fed's Harker on Inflation, Rate Policy and Balance Sheet
Federal Reserve Bank of Philadelphia President Patrick Harker discusses the outlook for monetary policy and the Fed's approach to its balance sheet. He speaks with Bloomberg Television on the sidelines of the Federal Reserve Bank of...
Bloomberg
Janice Eberly on Fed Policy, US Debt, Inflation
Kellogg School of Management Professor of Finance and US Treasury former Assistant Secretary for Economic Policy, Janice Eberly, discusses Fed policy and US debt with Tom Keene, Jonathan Ferro and Lisa Abramowicz, on a special edition of...
Bloomberg
NAR Economist Yun Sees US Housing Mismatch, Shortage
National Association of Realtors Chief Economist Lawrence Yun says US home sales are struggling due to the lack of inventory. He speaks with Guy Johnson and Alix Steel on "Bloomberg Markets." Sales of previously owned homes fell in July...
Bloomberg
Why US Housing Is a Tale of Two Markets
Bloomberg Intelligence's Drew Reading discusses why the US housing market is a "tale of two markets" with Lisa Abramowicz on "Bloomberg Surveillance."
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Bloomberg
Kroszner on Inflation, The Economy, Mortgage Rates
Former Federal Reserve Governor, Randall Kroszner, gives his insight on the decline in inflation and whether fiscal or monetary policy can be attributed to it. Kroszner also talks about why expenses are still high for most Americans,...
Bloomberg
Warren Buffett's Berkshire Hathaway Bets on Homebuilders
Warren Buffett's Berkshire Hathaway Inc. slashed its stake in Activision Blizzard Inc. by 70% during the second quarter, but took a much bigger interest in homebuilders. Bloomberg's Katie Greifeld reports.
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Bloomberg
UK House Prices Decline at Fastest Pace Since 2009
British home prices fell 3.8% last month, the third straight month that prices had fallen at their fastest pace since the global financial crisis in 2009. Katie Linsell reports on Bloomberg Television.
Bloomberg
UK Latest: BOE's Bailey on Rising Mortgage Costs
Bank of England Governor Andrew Bailey says rising mortgage costs are "part of the transmission of monetary policy," as the BOE warns that some 4 million households will face a sharp increase in mortgage costs. Bailey speaks during a BOE...
Bloomberg
UK Latest: House Prices Fall Most in Over a Decade, Halifax Says
UK house prices are falling at their fastest annual pace since 2011, Halifax said, as the property market buckles in the face of rising borrowing costs. The average cost of a home declined 2.6% in June from a year earlier to £285,932...
Bloomberg
Women Hit Harder by London's Surging Rents
London Rent is now so high that a woman on an average salary would need to double her pay to afford it. Haidi Stroud-Watts and Rishaad Salamat report on Bloomberg Television.
Bloomberg
UK Latest: Annual House Prices Decline Most Since 2009
The decline in UK house prices accelerated in June, according to Nationwide Building Society, likely fueling concerns about the impact of soaring mortgage rates on borrowers during a cost-of-living crunch. Lizzy Burden reports on...
Bloomberg
The Debt Crisis Looming in Commercial Real Estate
John Gittelsohn and Natalie Wong discuss how higher interest rates are impacting the property market and commercial real estate on Bloomberg Television.
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Bloomberg
BOE Must Not Enter Panic Mode on Inflation: CEBR CEO
Nina Skero, CEO at Centre for Economic and Business Research, doesn't see "the need for this complete sense of panic" over the latest UK inflation data and explains why the Bank of England should not deliver a 50-basis point hike on...
Bloomberg
Fed's Powell: Housing Inflation to Fall 'Significantly'
Federal Reserve Chair Jerome Powell says housing supply and demand are "getting back into alignment" during his semiannual monetary policy report to the House Financial Services Committee.
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Bloomberg
UK House Price Decline Resumes as Headwinds Increase
UK house prices declined once again in May, falling 0.1% after a 0.4% gain the month before. The annual pace of declines reached 3.4%, the sharpest since 2009. Lizzy Burden reports on Bloomberg Television.
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Bloomberg
New Zealand House Prices Fall by Record as Interest Rates Soar
The interest rate increases by the central bank are affecting New Zealand's housing market. House prices posted a record fall in the year through March. Tracy Withers reports on Bloomberg Television.
Bloomberg
Brookfield Defaults on $161 Million Office Building Debt
Brookfield Corp. funds defaulted on a $161.4 million mortgage for a dozen office buildings, mostly around Washington, DC, after previously defaulting on debt tied to two Los Angeles buildings. Sonali Basak reports on Bloomberg...
Bloomberg
First Republic Sees Deposits Slump, Cutting up to 25% of Jobs
First Republic sees deposits slump 41% from the end of 2022. The California lender is also cutting its workforce by as much as 25%. Bloomberg's Sally Bakewell reports.
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Bloomberg
Swedbank CEO Says Completion for Savings, Lending Increased
Swedbank AB Chief Executive Officer Jens Henriksson discusses the lender's financial results, prospects and strategy. Swedbank joined fellow Swedish peers SEB AB and Svenska Handelsbanken AB by delivering better-than-expected net income...
Bloomberg
China's Factory Activity Struggles; Services Slow
China's factory activity barely grew in September, while services slowed, The official manufacturing purchasing managers index rose last month to 50.1 from 49.4 in August. Any figure higher than 50 indicates expansion....