Freddie Mac exagerated earnings by $1B - 2003-11-24
Mortgage giant Freddie Mac admitted Friday exagerating 2001 earnings by almost $1 billion, the first acknowledgment in its months-long accounting crisis that it overstated profits.

The company said it may not be able to complete its accounting for 2003 until next June, but that its overall earnings over a three-year period are being restated higher by $5 billion in a long-awaited adjustment.
Read the full story at Alameda Times-Star

House price hike highest since 1982 - 2003-11-24
Year-on-year, real house prices saw their highest rise since 1982 in the third quarter of this year.

A very important factor currently present in the housing market, according to Du Toit, is the declining trend in interest rates since the middle of the year. He said a decline in interest rates supported the housing market by lowering mortgage instalments and therefore increasing the demand for housing.
Read the full story at Business Day South Africa