U.S. property market in a decade the most dismal voice call to cut interest rates.

<P>: Http://finance. News, U.S. existing home sales in the dismal situation called shocking, the National Association of Realtors on Wednesday said that national home sales in September was only 5.04 million (has been converted to annual), .than August's 5.48 million fell 8%. .The index came in 1997 to such an extent not seen since the downturn. .Unfortunately, the prices also continued to decline in September existing home median price was $ 211,700, more than in August (22.4 million) decreased by 5.4% over the same period last year ($ 220,900) dropped 4.1%. .In addition, in September the country's 4.4 million homes inventory (already converted to annual), and accumulation of over 0.4% in August; including single-family housing turnover (4.38 million), is dropped since January 1998 .minimum. .Analysts said the current credit crunch the extent that loans to the difficulty increases instead of falling, home sales are still difficulties: a smooth real estate sales had also been implicated or region; unable to repay the people who already are not limited to "hold times .grade mortgages were "the. .According to the fourth-largest U.S. bank Wachovia study, the increase in repayment difficulties due to three aspects: income reduction, increase the amount of individual bad debts, and unemployment. .Did not improve as long as the credit crunch, new home sales data (to be announced) will also disappointing. .This is from the United States soared builders can be seen in the proportion of default, the two industry giants D. R. Horton and Beazer Homes in the third quarter of default ratio, respectively, 38% from the previous quarter and 36% to 48% and .68%. .Development of indicators party National Real Estate Association, but then U.S. existing home sales this year remains positive. .The association claimed that August credit crisis ravaged the U.S. increased the difficulty of loan applications, which bring disaster to September's existing home sales; However, given the extremely strong property market before the crisis, this year's "overall level of home sales over the years is probably still the .the fifth highest. " .</ P> <P> the Federal Reserve or forced to action </ P> <P> But analysts and industry has not reduced the slightest concern. .View more media quoted experts said the next few months, the market situation will continue to deteriorate. .This means that the probability of a U.S. recession increased. .Therefore, the requirements of the Federal Reserve to take action are growing, some newspapers and even the word "possibility of up to one hundred percent cut" in the headline. .It is worth noting, had been advocating, "the Fed kept the benchmark interest rate unchanged," Lehman Brothers has finally changed his tune. .The nation's fourth-largest brokerage in the latest study suggests that the Fed is likely to Oct. 31 the bank overnight call rate from 4.75% to 4.5%. .Lehman Brothers economist Michelle Meyer said that, given the weak housing data than expected (Wall Street had expected September U.S. existing home sales to reach 5.25 million), the Federal Reserve "must act and must act quickly" to avoid economic .slowed. .The Chicago Mercantile Exchange rate futures show that the probability the Fed rate cut has increased to 86%. .Britain across the Atlantic in shrouded in a cloud. .While official statistics have not yet introduced, but the industry body estimated that the month of September 10 the size of the UK mortgage market has shrunk one-fifth year. .Suffering from the credit contraction have been forced to withdraw mortgage lender: In addition to layoffs, the introduction of stricter lending standards, subprime mortgage rates also increased from 35 to 75 basis points; Merrill Lynch is completely suspended in the real estate .rental area of the mortgage business, the industry cuts become a trend for a time. .Morgan Stanley economist Stephen Roach said, compared to the early 90s the Internet bubble burst, now the subprime mortgage crisis triggered by the economic risk will be even more serious. .He said "When both income and wealth effects under pressure, I do not think, never saving, highly indebted U.S. consumers can maintain rapid growth in consumption." .</ P> <P> Asian real estate or hidden 乍现 </ P> <P> scenery outside the U.S. real estate now, financing is also under threat, although this is likely to drag on the global direct investment in the real estate market (41% last year .to 699 billion U.S. dollars, growth for the third consecutive year), but still have access to refer real estate investment growth in the second half of the market, Asia may be a good example. .This year in June, Morgan Stanley price out $ 8,000,000,000, investment real estate in Japan, bought in one fell swoop from the ANA 13 luxury hotels, real estate transactions in Japan became the most generous. .Jones Lang LaSalle, the statistics show that in the past three years, the Japanese Grade A office rents rose 80%, Japan's rate of return slip office building (office building of local interest rates higher than the level of income) up to 1.56%, and the .figures in Paris, Frankfurt and other major cities are basically negative. .While Asian central banks have confidence in the economy, but as the exchange rate, financing, credit system and other issues, may also affect a country's economic pillars. .Japan, for example, in August this year, the Japanese rate of housing starts plunged 43%, to 40 years to the bottom. .Coupled with the appreciation of the yen against the U.S. dollar, domestic consumer confidence shaken, the Japanese economic outlook is likely to be an ominous signal. .In fact, the Japanese property market from falling is also expected, in June this year, construction license issued by the Government of Japan extended to the original 4 times, at the time led to builders, real estate developers and home decorating company concerns. .Analysts said the housing market downturn may only be a warning sign of recession. .Unlike the U.S., the Japanese real estate investment is only 3% of total investment, and no large subprime mortgage negotiable, so is unlikely to evolve as the crisis in the United States. .</ P> <P> Disclaimer: This story is purely personal point of view of, only for investors and does not constitute investment advice. .Accordingly investors operate your own risk. .</ P>.