Houses currently at right prices - 2004-03-11
House prices in the UK are no longer "cheap", a new report has suggested. The Centre for Economic and Business Research said property prices were now at the right ratio to household disposable income.

The report said during the past three years house prices had been cheap because typical mortgage repayments on an average property for a first-time buyer had fallen below 40 per cent of average household disposable income.
Read the full story at Manchester Online

U,S. consumer spending supports retail real estate - 2004-03-11
Robust spending by Americans, which has anchored the U.S. economy, has boosted retail real estate across the country, according to a report by PNC Real Estate released on Thursday.

Buss told Reuters Americans should have plenty of dollars to spend on goods and services in the coming months from tax refunds and savings from mortgage refinancing.
Read the full story at Reuters via Forbes