A total of 35 billion dollars (24 billion euros) to support the real estate sector in the United States, is what was argued on Tuesday the Wall Street Journal and Washington Post. A sum which would help primarily those agencies that are controlled by local communities and who provide or guarantee loans to the poorest households.
This support plan follows the much more solid, which was launched last February by the Obama administration, a total of 275 billion dollars (220 billion euros) to help seven to nine million households directly affected or threatened by the credit crisis. Figures of August sales of existing homes in the United States soon to confirm a market recovery. According to data published by the National Association of real estate (NAR), they fell 2.7% on month in August. On an annualized basis, they stand at 5.10 million units against 5.24 million in July and 5.35 million expected by consensus.
This support plan follows the much more solid, which was launched last February by the Obama administration, a total of 275 billion dollars (220 billion euros) to help seven to nine million households directly affected or threatened by the credit crisis. Figures of August sales of existing homes in the United States soon to confirm a market recovery. According to data published by the National Association of real estate (NAR), they fell 2.7% on month in August. On an annualized basis, they stand at 5.10 million units against 5.24 million in July and 5.35 million expected by consensus.
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