U.S. consumer confidence sagged to a 10-month low on worries about jobs while the housing market remains under strain, data revealed on Tuesday, underscoring the fragility of the economy’s recovery.
U.S. consumer confidence fell in February to the lowest in 10 months, as consumers’ short-term outlook on jobs worsened, according to a report from an industry [...]
Posts Tagged ‘housing market’
Confidence sags on jobs worry; housing shaky
February 23rd, 2010 by Financial Writer
Tags: commercial real estate, economy's recovery, housing market, housing shaky, us consumer
more...Rising Fortunes Are Building China’s Housing Market
February 5th, 2010 by Financial Writer
China’s young and red-hot housing market got caught up in the recession along with the rest of the world. But its downturn became neither as severe nor as prolonged as in the U.S.
Unlike U.S. lenders, China’s state-owned banks didn’t offer subprime loans to just about anyone with a pulse, nor sell loans into secondary markets.
By [...]
Tags: building china's, chinese real estate, housing market, recession, us lenders
Bear Stearns execs acquitted of subprime fraud
November 10th, 2009 by Financial Writer
Two former Bear Stearns hedge-fund managers have been acquitted of lying to investors about the implosion of the subprime mortgage market.
A Brooklyn jury found Ralph Cioffi and Matthew Tannin not guilty Tuesday on all counts of conspiracy and fraud. It was the first criminal case to hit Wall Street amid the housing market meltdown.
Prosecutors claimed [...]
Tags: bear stearns, housing market, investors, mortgage, mortgage market, wall street