Jan. 28 (Bloomberg) -- Purchases of new homes in the U.S. unexpectedly fell to a 12-year low in December, ending the worst sales year since records began in 1963 and signaling little prospect for a recovery...
The median price of an existing single-family home dropped 1.8 percent in 2007, the first decline since records began four decades ago and probably the first since the Great Depression in the 1930's, the Realtors group said. ... more »
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Tuesday, January 29
U.S. Economy: New-Home Sales Drop to 12-Year Low
by
ronjon
on January 29, 2008 02:00AM (PST)
Friday, January 18
Catastrophe insurance industry losses reach $75 billion in 2007
by
ronjon
on January 18, 2008 02:00AM (PST)
The insurance industry faced $75 billion of losses from natural catastrophes during 2007, up 50% from last year despite a lack of "megacatastrophes," German reinsurer Munich Re said Thursday.
The losses rose from $50 billion in 2006, though this was still well short of the $220 billion reached in 2005 when Hurricane Katrina ravaged New Orleans and the U.S. Gulf Coast. Still, the number of natural catastrophes tallied 950 this year, up from 850 in 2006 and the highest figure since 1974, when Munich Re began tabulating such events. ... more » |
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