Profile_bird

Hey there! Repossessions is using Twitter.

Twitter is a free service that lets you keep in touch with people through the exchange of quick, frequent answers to one simple question: What's happening? Join today to start receiving Repossessions's tweets.

Already using Twitter
from your phone? Click here.

Repossessions

  1. A key US housing index rises to its highest level in almost three years, helped by first time buyers taking advantage of tax breaks.
  2. Australia, which managed to avoid recession, raises its main interest rate once again - this time from 3.25% to 3.5%.
  3. UK factory activity grew at its fastest pace in two years in October as orders rose at their fastest in six years, a survey has indicated.
  4. The Chartered Institute of Purchasing & Supply (CIPS) report suggests the economy has made a strong start to the final quarter of this year.
  5. Consumer confidence rises to its highest level for 18 months but major job fears remain, says the British Retail Consortium.
  6. Property prices were 2% higher in October than in the same month the previous year, with the average home costing £162,038.
  7. UK house prices were higher year-on-year in October - the first annual rise for 19 months, the Nationwide has said.
  8. US consumer confidence fell sharply and unexpectedly in October as fears about future job prospects increasingly preyed upon Americans.
  9. Sales of previously-owned US homes unexpectedly surged last month to the highest level in more than two years.
  10. Official data due later is expected to indicate that the US economy has come out of recession, but analysts warn the recovery will be slow.
  11. US consumer confidence fell sharply and unexpectedly in October as fears about future job prospects increasingly preyed upon Americans.
  12. Sales of previously-owned US homes unexpectedly surged last month to the highest level in more than two years.
  13. The Land Registry wants to axe 1,500 posts - about 25% of its workforce - as part of a five-year plan to cut costs.
  14. High Street banks should be banned from paying bonuses of more than £2,000 in cash, the Conservatives have said.
  15. The number of new mortgages approved by the main UK banks for house purchase is rising, according to British Bankers' Association (BBA).
  16. High-profile rate cuts by lenders are a welcome boost to borrowers but average fixed rate deals are still more expensive than in March.
  17. Property sales in UK picked up over the summer, according to figures from HM Revenue & Customs. Sales rose from 80k in August to 82k in Sept
  18. Self-certification mortgages will be banned under proposals from the FSA, with lenders required to verify borrowers' incomes.
  19. Borrowers may face a mortgage affordability test from lenders amid plans by the FSA to step up the regulation of home loans.
  20. House prices in England and Wales rose in September at their fastest rate since the credit crunch began