The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Moominoid who wrote (122323)	5/11/2008 11:24:30 PM
From: Jim McMannis	Read Replies (1) of 306849

Australia Home-Loan Approvals Drop to Three-Year Low (Update2) bloomberg.com May 12 (Bloomberg) -- Australian home-loan approvals fell in March to the lowest level in almost three years, reinforcing the central bank's view that the highest borrowing costs since 1996 are slowing the economy. The number of loans granted to people to build or buy homes or apartments dropped 6.1 percent to 59,371, the lowest since August, 2005, after shedding 6.8 percent in February, the Bureau of Statistics said in Sydney today. The median estimate of 20 economists surveyed by Bloomberg was for a 0.8 percent decline. In another sign economic growth is slowing, a separate report today showed business confidence slid to the lowest level since the September 2001 terrorist attacks in the U.S. Central bank Governor Glenn Stevens, who raised the benchmark interest rate in March for the fourth time in seven months, said last week that a ``noticeable restraining impact is being exerted on household and business borrowing.''

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next