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Merrill Lynch: House Prices To fall 5%-10%

added: 29-10-2008

In its forecast, Merrill Lynch said there were a number of positives for residential housing and prices. But overall the news was gloomy for house prices and for those companies in the sector. "Firstly, we estimate underlying demand exceeds supply by 10-20% which, under normal conditions would lead to price pressure,"Merrills said in a note to clients.

Weakening Economic Conditions Create Challenging Conditions for Apartment Sector, According to National Multi Housing Council Survey

added: 29-10-2008

While the apartment industry has fared better than other real estate sectors since the onset of the global financial crisis, the weakening economy is beginning to affect the sector, according to the National Multi Housing Council's (NMHC) latest Quarterly Survey of Apartment Market Conditions.

Growth Rate of U.S. Giving for Health Care Falls More Than 50 Percent in 2007 But Rises Almost Threefold in Canada

added: 29-10-2008

Perhaps signaling donors' fears of a weakening U.S. economy last year, the growth of philanthropic giving for health care in the United States fell by more than half in 2007 from 2006, while the Canadian rate of growth in donations to health care nearly tripled, according to a new Report on Giving issued by the Association for Healthcare Philanthropy (AHP).

Soft Housing Market to Drive Nearly 50% Increase in Web Site Adoption by Home and Trade Service SMBs Over Next Two Years

added: 29-10-2008

According to The Kelsey Group's Local Commerce Monitor study, Web site adoption by small and medium-sized businesses has grown from 54 percent in February 2007 to 61 percent in August 2008. However, home and trade service SMBs, which include categories such as painters, plumbers and carpet cleaners, lag in their adoption of an online presence: Only 33 percent have a Web site.

US Retail Market: Retailers Get a Treat This Halloween as Spending Tricks Recession

added: 29-10-2008

While the economy is facing its darkest days in decades, one small sector is defying the downward trend. With 17 percent of the population actively participating in Halloween activities, total retail spending this Halloween will be up five percent - to $5.77 billion - according to IBISWorld Inc., one of the nation's most respected independent publishers of business research.

Blog Influence on Consumer Purchases Eclipses Social Networks

added: 29-10-2008

BuzzLogic, a social media analysis company and ad network, revealed the results of its Harnessing the Power of Blogs survey, a BuzzLogic-sponsored research study of more than 2,000 online consumers in the US conducted by JupiterResearch, a Forrester research company. The study aimed to uncover changing behavior around blog discovery and consumption, how blogs factor into consumer purchase decisions and the nature of blog influence on buying behavior.

Slumping Job Market Will Quickly Rebound Due to "War for Talent" and "Job Churn" Jobfox CEO Says

added: 29-10-2008

The immediate reaction of companies, in a slumping U.S. economy, is to pull back on hiring activity, declare hiring freezes and even make layoff announcements. But these are only short-lived strategies as employers soon realize that they are deficient on talent in a competitive job market, according to Jobfox CEO Rob McGovern, author of The Recession: A Silver Lining for Corporate Recruiters, a new Jobfox white paper.

Stock Market Volatility and Loosening Credit Push Mortgage Rates Down

added: 29-10-2008

Mortgage rates dropped last week, with rates for 30-year fixed mortgages falling to 6.00 percent, down from 6.36 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com(R).

Recession Shopping: Coupon Use Up While Order Sizes Fall

added: 29-10-2008

Numbers released by online coupon aggregator tjoos.com indicate that online spending patterns are rapidly changing and order sizes are down by 30% in the face of the current economic turmoil.

Energy for the Future of Europe: The Strategic Energy Technology (SET) Plan

added: 29-10-2008

Making the European energy system more sustainable and secure is one of the greatest challenges facing Europe. The EU responded with the Energy and Climate Package. It contains a set of ambitious targets for 2020: reduction in greenhouse gas emissions by 20% compared to 1990 levels, reducing primary energy use by 20% (through energy efficiency), increasing the level of renewable energy in the EU's overall final energy consumption to 20%, minimum target for renewables in transport of 10%.

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