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| Jul.17 |
USA |
New US home starts surge in June The construction of new homes rose 3.6% between May and June to the highest level in seven months
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| Apr.14 |
Los Angeles |
Jackson property sale cancelled A planned auction of nearly 1,400 items from the former home of pop star Michael Jackson has been cancelled
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| Feb.18 |
Washington |
Obama's housing plan 'to help 9m'| The plan will provide refinancing to 4 to 5 million 'responsible homeowners' and a 'homeowner stability initiative' to reduce monthly payments | |
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| Jan.14 |
New Delhi |
India razes slums, leaves poor homeless Bulldozers razed hundreds of makeshift home as the Indian government moves to improve New Delhi for the 2010 Commonwealth Games
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| Sep.7 |
Washington |
US takes over key mortgage firms| US financial officials have outlined plans for the government to take over Freddie Mac and Fannie Mae, the largest bail-outs in US history | |
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| Jul.26 |
U.S. Senate |
Senate approves housing bill The Senate has approved a $300bn rescue fund designed to prop up battered housing market. It may also be used to bail out the mortgage giants
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| Jul.23 |
House of Representatives |
US lawmakers pass housing rescue
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| Jul.11 |
USA |
Mortgage firms' shares slump| Shares in Freddie Mac and Fannie Mae have fallen by more than 40% in early trading amid concerns for the future of the companies | |
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| Jun.25 |
Dubai |
'Shape-shifting skyscraper' unveiled Ambitious plans to build a 420-meter 80-story Dynamic Towe, world's first building in motion, have been unveiled by architects
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| Jun.19 |
FBI |
FBI holds 406 for mortgage fraud The Justice Department was pursuing 144 cases. The arrests include estate agents and loan originators, who help homebuyers to take out loans
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| Mar.26 |
USA |
U.S. home prices brace for dismal spring Home prices plunged by record levels from a year ago, with almost no major cities immune from the spiraling market
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| Feb.26 |
Southern California |
Jackson faces Neverland auction Pop star Michael Jackson could lose his ranch if he fails to pay nearly $25m that he owes on the sprawling property
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| Dec.6 |
Washington |
Bush details housing rescue plan The President has outlined plans to freeze rates on sub-prime mortgages for 5 years to help people hit by the housing market crisis
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| Oct.17 |
USA |
Further fall in home building The number of homes being built in the US fell by 10.2% in September, worse than had been expected. Applications for building permits down 7...
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| Oct.15 |
USA |
Banks plan fund to revive market Some of the US's largest banks have announced plans to form a $75bn fund to support the ailing market for sub-prime debt
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| Sep.7 |
California |
Mortgage lender Countrywide slashes jobs Chief Executive Angelo Mozilo: Countrywide Financial was being forced to cut up to 12,000 jobs, 1/5 of its staff
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| Aug.9 |
USA |
Mortgage concerns hit US markets The share indexes tumbled amid fears that a wobble in the mortgage market may prompt a global credit crunch. Dow Jones fell 199.24
| The subprime mortgage crisis caused by a dramatic rise in mortgage delinquencies and foreclosures in the United States triggered the financial crisis, with major adverse consequences for banks and financial markets around the globe.
The result has been a decline in the capital of banks and USA government sponsored enterprises, tightening credit around the world
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| Feb.26 |
New York |
New WTC plan is chosen A complex of angular buildings and a 1,776-foot spire were designed by architect Daniel Libeskind
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| Feb.4 |
New York |
World Trade Center finalists chosen 2 plans would create the world's tallest structure. Libeskind and the international Think team are behind the plans
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| Oct.3 |
Melbourne |
Melbourne, Vancouver 'world's best cities' Those are the best cities in the world for expatriates to live in. Both Australia and Canada fared well in the survey
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| Jul.21 |
New York |
Public pans WTC plans Thousands of huddled around tables to give their opinions of the rebuilding plans for the World Trade Center site
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| Jul.16 |
New York |
Ground Zero plans unveiled The first plans for redeveloping the site where the World Trade Center stood have been made public
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| Mar.1 |
Seattle |
Seattle avoids widespread damage Preparation and luck helped the region escape widespread devastation
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