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Added on the 13/02/2020 21:20:29 - Copyright : France 24 EN
In March, the US Federal Reserve's lowering of interest rates fueled a housing boom. According to Business Insider, the Federal Housing Finance Agency says that the explosion shows no signs of subsiding. A seasonally adjusted index of prices rose 1.7% in September from the prior month, and prices jumped 7.8% from their year-ago period. Mortgage rates hit their thirteenth record-low of the year last week. The average 30-year fixed-rate mortgage rate fell to 2.72% from 2.84%. However, experts say the good times in the housing market aren't likely to last forever. We expect some moderation in the pace of housing starts in the face of the rapidly escalating health crisis, a faltering recovery, and softening labor market gains. Nancy Vanden Houten, Lead US economist, Oxford Economics
A defendant's lawyer arrives at the criminal court in Lyon, as the verdict is awaited in the trial of six men on trial for the robbery of a cash convoy with a record haul of more than €40 million, committed in Switzerland in 2017. IMAGES
"Shutting down Les Soulèvements de la Terre (ed: Uprisings of the Earth) would mean the leaders of this country are trying to dissolve the environmental and social movement," explains Benoît Feuillu, an activist with the collective, ahead of the hearing of France's State Council, which is due to examine the legality of the dissolution. SOUNDBITE
French President Emmanuel Macron and Bangladesh's Prime Minister Sheikh Hasina attend the ceremony which commits to order ten Airbus A-350 aircrafts. During the briefing, Stephane Vesval, Senior Vice President of Airbus Defence & Space and Chairman of Bangladesh Communication Satellite Company Shahjahan Mahmood signed a letter of intent. IMAGES
Guests at the Summit for a New Global Financial Pact settle in for the first working session chaired by French President Emmanuel Macron. IMAGES
The first guests of the Summit for a New Global Financial Pact arrive at the Place de la Bourse in Paris to attend the inaugural session. IMAGES
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