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The devastated housing market has further to fall, and 20% of mortgage-holders could find themselves in negative equity, according to Standard & Poor's, a credit-rating agency.Spain's recovery, in other words, will at best be faintly apparent by the time voters reach the polling booths early in 2012.
The Category 5 storm, which killed at least 28 people across the region, devastated housing, power supplies and communications, leaving some small islands almost cut off from the world.
The dissonance between rebuilt beachfronts and devastated housing can make it seem like a Hollywood Western town where there is little behind the edifice on main street.
NEW ORLEANS, Nov. 15 — Despite the havoc wrought by Hurricane Katrina around this city, one slice of the devastated housing market is showing resurgence.
Initially, Mr. Clinton and Haitian leaders thought the private sector would play a larger role in rebuilding Haiti's devastated housing stock, and they were courting international firms to design innovative tract housing for tracts of land that never materialized.
Similar(55)
The prices paid are staggering: it is as if the rich world's devastating housing bust hadn't happened.Some hope the buoyancy at the top end of the London market will lead to a broader recovery.
A normal recession is preceded by inflation, which leads the Federal Reserve to push up interest rates, which devastates housing, the most economically sensitive of industries, before the rest of the economy succumbs.
I've published the most comprehensive study of the impact of the cuts in London, calculated at £44bn and I am campaigning now – not waiting until the election – against devastating housing benefit changes.
One show could focus on male-led corporations in male-dominated financial industries creating a hugely devastating housing and economic crises that would take the U.S. economy over a cliff.
Typhoon Bopha, known locally as Pablo, cut across the Southern Philippines between 4 and 7 December, triggering flash floods and landslides, killing hundreds, devastating houses and crops and affecting the lives of millions of people.
Home sales plunged in the early 1980s, when a combination of severe recession and high interest rates devastated the housing business, and they also suffered in 1990 and 1991, another recessionary period.
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