Barker says housing affordability unlikely to improve
CHELMSFORD (Reuters) - Homes are unlikely to become more affordable this year even if house prices fall, Bank of England policymaker Kate Barker said on Wednesday.
"We may see prices adjust downwards but there is no clear evidence that affordability will improve," Barker said at a housing and planning event in eastern England.
(Reporting by Christina Fincher)
© Thomson Reuters 2009 All rights reserved.
Credit headwind
News headlines speak of recovery, but financing is still a big problem in Germany. The dearth of credit to tide firms over is frustrating policymakers, who are blaming reluctant banks and there is little agreement on how best to increase lending flows. Full Article
UK
US
Obama arrives in Ghana