US New Home Sales Drop 12.4% to Record Low

New home sales fell to record lows in July as the real estate housing market in the US continued to suffer from a slow and fragile economy. Single-family home sales dropped a staggering 12.4 per cent to a 276,000 unit annual rate from a downwardly revised...

Dubai brings down the world

The Dubai government stirred up markets this week by its decision to delay the debt payments which its flagship holding company and corporate biggie, Dubai World owes. Share

British economy still in the grip of recession, shrinks by 0.4 percent in Q3

The British economy could not live up to the expectations of the analysts Share

Financial crisis takes toll on Playboy, Hefner sells $25 million mansion

Playboy magazine founder, Hugh Hefner is reported to have sold his English Manor mansion Share

US Mortgage Fraud Cases Soar Dramatically

As property owners who are desperate to solve their mortgage problems Share

U.S. foreclosures spike 32 percent in April

The number of U.S. households under foreclosure spiked 32 per cent Share

U.S. home prices fall 14% in first quarter

U.S. home prices fell the most on record in the first quarter from the previous year Share

US foreclosures up 24 percent in 1st quarter

In the first quarter of this year the amount of people on the verge of Share

House prices collapse a record 19 per cent

US home prices fell at record rates in January, reaching a shocking 19 per cent Share

Dubai hit hard by financial crisis

Once the epicentre of global boom with skyscrapers rising into the sky like mushrooms, today Dubai resembles a hungover partygoer. Retail stores displaying “80% off” discount signs in their stores and talk on the street about companies repatriating...