- Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They - Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e - Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009
By Sarah Marsh and Noah Barkin
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German - Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who - Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an - Lucille Ball stars in I Love Lucy Facebook game | | 15 February 2012
- Ahmadinejad oil ministry move illegal: Iran watchdog | | 20 May 2011
- Coating makes scratches on cars disappear | Technology | | 13 March 2009
- Gentler `Bruno' to play in UK for younger teens | 16 July 2009
">Forum Views () ">Forum Replies ()
Read more with google mobile : Housing market feels more pain, bottom not yet in sight
Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Housing market feels more pain, bottom not yet in sight AFP - Wednesday, December 24 WASHINGTON (AFP) - - The US housing market, the epicenter of the global financial crisis, saw further declines last month, according to fresh data Tuesday suggesting the worst may not be over for the economy. New home sales slipped 2.9 percent in the past month and fell 35.3 percent from a year earlier to an annual pace of 407,000 in November. That was the lowest level since January 1991. With the report was grim, it contained a few bright spots. The median sales price rose 2.7 percent from the previous month to 220,400 dollars, even if that was 11 percent lower than a year ago. Inventories on unsold homes fell 7.0 percent to 374,000. That was a drop of 25 percent from a year earlier. Sales of existing US homes slumped a further 8.6 percent, according to a separate report from the National Association of Realtors. Sales of homes and apartments fell to a seasonally adjusted annual rate of 4.49 million units in November from a downward revised level of 4.91 million in October. The was 10.6 percent below the pace in November 2007 and reflected the ongoing woes of the sector since a bubble burst around two years ago. "The home sales market took another major negative hit in November, with sharp declines in new and existing home sales, declines which put further downward pressure on prices, and upward pressure on inventories," said Brian Bethune, economist at IHS Global Insight. He said the situation indicates "negative business cycle momentum (that) persists for an excruciating length of time." "A large inventory overhang continues to depress prices," said Aaron Smith at Economy.com. "Sales volumes will be supported by more distress sales and lower mortgage rates, but it is clear from this (existing home sales) report that the hurdle to recovery is high." The NAR said the median existing home sales price was 181,300 dollars in November, down 13.2 percent from November 2007. "There remains a significant downward distortion in the current price from a large number of distress sales at discounted prices," the group said. The reports coincided with another showing US economic activity contracted at a 0.5 percent pace in the third quarter, according to government data unrevised from an estimate last month. The Commerce Department final estimate on gross domestic product (GDP) for the July-September quarter is believed to be the start of a steep downturn for the world's largest economy that intensified in the past few months. Earlier this month, the National Bureau of Economic Research (NBER), the panel recognized as the official arbiter of business cycles, said a recession began in December 2007 even though there had not been two consecutive quarters of declines. "This report is largely old news," said John Ryding at RDQ Economics, who said the fourth-quarter data will be bleak: "Given signs that the recession has deepened in the current quarter, we look for around a 6.0 percent drop in real GDP." The White House acknowledged as well that the fourth quarter will be grimmer. "The fourth quarter, we know because of the credit crisis, the stand-still in credit as markets froze up and the financial market turmoil, will be significantly weaker" than the third, spokesman Tony Fratto said. NAR chief economist Lawrence Yun said there will be negative consequences if Congress fails to enact a new stimulus including the housing market. "Falling home prices would lead to faster contraction in consumer spending and further deterioration in bank balance sheets," he said. "More importantly, falling home values would lead to higher loan defaults, including those recently modified distressed mortgages." The group said it hoped low interest rates would help revive the market. Last week, Freddie Mac reported the 30-year mortgage rate fell to 5.19 percent -- the lowest on record since the series began in 1971. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo Storm clouds hover near recently finished homes and unfinished home lots in Rancho Cucamonga, California in December 2008. The US housing market, the epicenter of the global financial crisis, saw further declines last month, according to fresh data Tuesday suggesting the worst may not be over for the economy. Most Popular – Top Stories Viewed US economy shrinks as IMF warns of Great Depression Quake zone hero pig named China's animal of the year Weak sales could topple US carmakers despite bailout Actress Jennifer Aniston appears naked in GQ magazine Two Chinese giant pandas head for Taiwan View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular
Other News on Wednesday, 24 December 2008
Italian architect Renzo 'inspired' by need to be green
China readies for crackdown on mafia-style crime
'Persona 4' mixes psychodrama with role-playing
Grenade blast hurts 16 at concert in Philippines
173 people trapped on Singapore observation wheel
Review: `Harvey' has overload of cliche, chance
Iraq parliament speaker resigns, troop mandate extended
Life in a Chinese village en route to Beijing
Illegal rail trolleys move Manila's poor
Moderate earthquake rattles Taiwan
Trapped passengers evacuate Singapore ferris wheel
Man sentenced in killing of rapper's friend
Gyllenhaal, Gervais among Golden Globes presenters
Homeland Security turns reality TV star on ABC
A rubbish life for LA marathon recycler
Crucifix attributed to Michelangelo on display in Rome
Woody Allen says he hopes to film a new comedy in Paris
Lawsuit over 'Kingdom' crash dismissed
A 90-minute makeup session turns actor into Shrek
Oscars ballots mailed to voters
LA art museum accepts billionaire's $30M bailout
Interpol chief presses India to provide evidence
Performing arts charging more for premium seats
Indian PM: 'Nobody wants war' after terror attack
China sends pandas to Taiwan in charm offensive
Working off what comes in by e-mail
NYC museum avoids glib parallel between Obama, FDR
List of top 20 shows in prime-time Nielsen ratings
Some positive signs for Katie Couric in ratings
Bret Baier replacing Hume on Fox evening newscast
3 Gaza militants killed in clash on Israeli border
Guinea faces turmoil after coup bid | International |
El Salvador to withdraw troops from Iraq
Mexican beauty queen caught in anti-drug raid | International |
Germany toasts Schmidt, master of realpolitik, at 90
5,000-10,000 new Twitter accounts a day: study
Israel fires on Gaza militants denting truce hopes
Housing market feels more pain, bottom not yet in sight
Sarkozy cuts corruption sentence for right-wing politician
Contested Minnesota ballots online, comic Franken leads
Germany arrests Rwanda genocide suspect | International |
Russian probe accuses Georgia of genocide in conflict
Deutsche Telekom says it will cooperate with Vodafone in Internet venture
Iraq parliament speaker quits, troops impasse ends
Iraq parliament speaker resigns, troop mandate extended
Hamas offers to study fresh Gaza truce with Israel | International |
Australia to test Internet filter next month
Argentine court to investigate ex-president Kirchner | International |
Students march, gunman shoots police bus in Greece | International |
Theater project has dramatic effect on Lebanon jail | International |
Somali Islamists must be part of peace deal: report | International |
Fifty years on, Cuba still in grip of revolution | International |
El-Ad Properties eyes S'pore property stakes sale-report
Gays outraged by pope's 'homophobic attack'
Last-minute gadgets for your hiker, biker or skier | Technology |
No proof China provided ammo flown from Congo to Zimbabwe: UN
Notebooks outship desktops for first time: iSuppli | Technology |
Seoul shares fall; Ssangyong Motor down on outlook
MOVES-Barrick Gold, BMO Capital Markets
Air NZ says Boeing 787 now delayed to 2013
EU's new digital library operational again | Technology |
Singapore Flyer to remain closed pending investigations
Seoul shares may extend falls after U.S. GDP data
Documents offer look at big tobacco's Asia tactics
Taiwan sees record fall in November export orders
Tokyo Tower turns 50 with big party
Giant pandas make historic trip to Taiwan amid eased China ties
Putin warns of higher prices as 'gas OPEC' meets
Passengers trapped on world's largest Ferris wheel
Dustin Hoffman finds Last Chance for love | Entertainment |
Chinese court rejects parents' earthquake lawsuit
Tainted milk scandal company declared bankrupt
Trapped wheel passengers abseil to safety: witnesses
Review: `Bashir' a riveting dance of genres
Smashed Kurt Cobain guitar sold for $100,000
Democratic Pakistan limps on without Bhutto: analysts
Bangladesh on high alert ahead of polls
Reports: Toyota to replace president
Australian gov't, opposition refuse to say sorry to wronged doctor
Japan PM says no snap election
Film to be shot in quake-hit city of Chengdu
AFF Suzuki Cup: Local fans’ unsporting rampage
Lucky Aussie cat lands on feet after 34-storey fall
Japanese actress sees future in Chinese-language cinema
RPT-UPDATE1-India Reliance leases Vopak oil storage in Singapore
Sri Lanka says 67 killed in northern fighting
Japan Cabinet approves record spending for 2009
Uyghur group hails European moves to take Gitmo detainees
Guinea faces turmoil after coup bid | International |
SKorean destroyer to protect military cargo
Madoff-hit French investor commits suicide
South Korea rethinks alternative to conscription | International |
Australian clergy pray for financial victims at Christmas | International |
Costume drama Taiwan MPs look gift pandas in the mouth | International |
Singapore Flyer operations suspended for safety checks & investigations
Report absolves Obama team in governor scandal
US military deaths in Iraq war at 4,213
Vietnam regulator bans subversive blogging | Technology |
Heavy security for Indian Kashmir poll
Australia to maintain Iraq presence
Singapore probes blaze at world's biggest Ferris wheel
China protests US import duties at WTO: report
Hong Kong 'Catch Me If You Can' con-man jailed for 7 years: report
Agricultural Bank of China to be stock-holding company: report
Philippine real estate poised to profit from crisis: consultant
Toyota's global sales mark worst drop in 8 years
Tourists safe after drama at world's biggest observation wheel
Japan approves 'unprecedented' recession budget
Remains of fifth victim of Malaysian landslide found: police
Taiwan dollar edges higher on exporter deals
Korea Hot Stocks
South Korean bonds rise on c.bank support hopes
Japan's Denso slashes profit forecast by 90 percent
Sandler, Aniston compete at Christmas box office | Entertainment |
Springsteen hits album due via Wal-Mart | Entertainment |
China cracks down on confessional talk shows | Entertainment |
Bootleg DVDs bedevil Sundance filmmakers | Entertainment |
Disney jumps ship on next Narnia | Entertainment |
Let it snow China builds world's largest ice Santa | Entertainment |
CBS peaks in bleak season | Entertainment |
High-seas ordeal worst days of my life: injured French sailor
Pakistan takes fight against AIDS into mosques
Celebrity birthdays for the week of Dec. 28-Jan. 3
That Was the Week That Was
Japan's PM says he is not planning snap election
Thai PM defends foreign minister's airport comments
SKorea stalls on alternative to military service
MARKETS-KOREA-STOCKS (UPDATE 2) =2
Single male rhino, 20, seeks mate to save species
Vietnam imposes new blogging restrictions
Indonesia's Bakrie to clear 680 mln dlrs in debts: executives
NKorea's Kim reportedly busier this year despite stroke report
Korean Air accused of discriminating against men
SK Energy to cut '09 investment plans -report
Road diversion trial at Woodlands Centre Road to be extended
Toshiba to build new battery factory
Seoul shares fall led by Hynix, Daewoo Shipbuilding
New Kelly Clarkson single due next month | Entertainment |
Dexter co-star lands Betty sideline | Entertainment |
As recession bite, Germany opens pet soup kitchens
Philippines tribe on the edge as development comes to highlands
Sri Lankan aircraft pound rebels
Pakistan: Car bomb kills 1 near border with India
AHN | All Headline News | News Briefs | Breaking News and Headlines
Shia LaBeouf Recovering Following Second Hand Surgery
Mary J. Blige And Jay-Z Hit With Song Theft Lawsuit
"Sopranos" Actor Lillo Brancato Found Not Guilty Of Killing A Police Officer
Corinne Bailey Rae's Husband Died Of Accidental Methadone And Alcohol Overdose
SAG Leaders Delay Strike Authorization Vote
Megan Fox Voted Sexiest By Both Men And Women
Donald Trump Sues Town For $100 Million Over Golf Course Requirements
Warner Music Wants Music Videos Taken Down From YouTube
Jim Carrey's "Yes Man" Takes Top Box Office Weekend Spot
D.A. Clears Brad Garrett Of Being Physical With A Paparazzo
Welcome to Hawaii Pacific Teleport
Entertainment | News | December 24, 200
Man Shot Outside Maryland Mall
Obama's Internal Review Clears Staff In Blagojevich Probe
L.A. Cops Kill Hostage-Taker, Boy Injured
Man Blowtorching Frozen Porch Ignites, Damages Home
Saddam Spy In Maryland Pleads Guilty To Espionage
Broken Water Main Floods DC Road, 9 Trapped Motorists Rescued
Washington To Give $3.39 Billion To American Express
Money Manager Invested In Madoff Fund Found Dead
Wall Street Drifts Lower On Weak Housing Data
President Bush Grants Additional Pardons
United-States | News | December 24, 200
Feng Shui Not Helping World's Largest Ferris Wheel As The Singapore Flyer Grinds To Halt With 173 Aboard
NKorea says South seeking war, threatens "sea of fire"
173 people trapped for 6 hours on Singapore wheel
China donates 500,000 US dollars to Zimbabwe for cholera: report
Final phase of elections in Indian Kashmir begin
Vietnam tightens controls on bloggers
Gaza militants pound Israel with rockets, mortars
Zimbabwe activist to appear in court on plot charge | International |
Iraqi PM due in Turkey for talks on Kurdish rebels
Flare-up dims truce hopes along Israel-Gaza border | International |
Second German stimulus package smaller than expected: reports
NATO soldier killed in Afghanistan attack
Pakistan parliament urges India to accept help offer | International |
Belarus may recognise Georgian rebels in 2009: Lukashenko
Bangladesh deploys elite force amid poll fears | International |
Madoff investor kills himself after massive losses
Hong Kong stock index drop for 4th day
Japan's Toshiba to build green plants despite slowdown
RIM accuses Motorola of blocking job offers: report | Technology |
Philippine police kill 7 suspected extortionists
China stocks fall; funding hopes buoy airlines
Thailand sets February 13-15 as new dates for ASEAN summit: minister
Japan stocks fall on weak US data, Toyota woes
Pump prices fall for third consecutive time this month
Thai economy set to grow by zero to 2.0 percent next year: minister
Sri Lankan fighter jets pound rebels
Top Hillary Campaign Aide Joins New York Mayor Bloomberg's Re-election Bid
More than 3,500 soft toys collected for underprivileged children
Obama Honors Memory Of Grandmother
Philippines rebels say have freed kidnapped policeman
Japan mulls sending ships to Somalia coast
Hong Kong cardinal to retire next year
Deaf biker on round-the-world trip aims for record
Stop Huntingdon Animal Cruelty Members In U.K. Found Guilty Of Blackmailing Charges
"Playboy" Dasmond Koh took away Christina Lin's First Kiss?
Thai Medics: Animal Stem Cells To Erase Facial Wrinkles Deemed Dangerous
Aaron Kwok, Ekin Cheng the Earthshaking Heroes
Study Finds Millennial Generation Watch Less TV
Joe Nieh, Vivian Chow already married 10 years ago
RIAA To Target ISPs, Not Individuals, Linked To Illegal File Sharing
Queen Sing awaits the King's profession of love
NASA Seeking Display Space For Retiring Space Shuttles
Old Technologies Still A Viable Holiday Present
NASA To Launch Satellite To Map CO2 Close To Earth's Surface
Onboard Inflight Wi-Fi Internet Service Launched By Delta
Researchers Discover Ruins Of Entire City In Peru
Suspect To Be Named In 1981 Murder Of Adam Walsh
Science-And-Technology | News | December 24, 200
Philippine Airline Carrier Issues Free Flight Tickets On Christmas Day
Man Uses Blowtorch To Melt Snow, Burns Home
Former Beverly Hills Plastic Surgeon Used Human Fat To Power SUV
Economic Crisis Leads 160-Year-Old Law Firm To Shutdown By Year's End
Despite Being Buried 72 Hours In Snow, Canadian Woman Survives Ordeal
Tourism Boom For Jesus' Birthplace After Years Of Bleak Yuletides
Four-Ticket Packs For Obama Inauguration Sells For $50,000
Finnish Police Use Blood From Mosquito To Identify Carjack Suspect
Boy's Nearly Detached Head Reattached
Offbeat | News | December 24, 200
North Korean leader's former home open to tourists
Bethlehem fills up with Christmas pilgrims | International |
Pilgrims flock to Bethlehem for Christmas
Somali president decides to resign: spokesman | International |
Gazprom threatens Ukraine gas cut from Jan 1
"Two And A Half Men" Involved In Network Lawsuit
First Round Of Oscar Ballots To Be Mailed Friday
Gaza militants pound Israel with rockets, mortars
Pay debt or face sanctions, Medvedev tells Ukraine | International |
US regulator defends oversight, as scandal claims life of investor
DJ AM Files Lawsuit In Learjet Crash
Couple of steps left to finish Iraq-UK troop deal | International |
Tina Fey Named Entertainer Of The Year
Closure of Iran's Nobel winner office temporary: Iran | International |
Britney #1, Barack & Miley Tied For #2 For The Top 10 Celebrities Of 2008
Johhny Depp Talks About Struggling With Success
Vietnam imposes new blogging restrictions
Chinese dairy bankrupt after tainted milk scandal
Founder's grandson may take over struggling Toyota
MediaCorp actor Chew Chor Meng thankful for online support
Truck bomb explodes in eastern Pakistan; 1 dead
Watchdog urges Korean Air to stop sexist hiring
Singapore's Sembcorp settles forex dispute with BNP
Last boat in 3rd leg of Volvo race crosses finishing line in S’pore
powered by
Custom Search
Last text search :
2016 wso 2.5 rw-r
2017 #1 smp wso rw-r
wso-drwxr-xr-x-smp.php-(writeable).php
2017 #1 smp wso rw-r
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php
Wednesday, 24 December 2008 - Housing market feels more pain, bottom not yet in sight