U.S. housing prices rise 5.7 percent in Q3
The FHFA reports U S home prices up 5.7 percent from a year earlier and 1.3 percent from Q2 on a seasonally adjusted basis as demand grows and supply tightens. The median existing single family home value climbs to 229000, driven by low rates and income gains.
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Osborne keeps tax credits and police funding in Autumn Statement
Britain’s Chancellor George Osborne abandoned planned tax credit cuts for the working poor and kept police funding intact. He cited better public finances and higher tax receipts, promising no new police cuts while outlining housing goals and broader welfare reductions over five years. The move faced opposition from Labour who accused the government of betraying austerity aims.
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Mao Tse-Tung
T-Mobile offers $200 per line to Sprint switchers
T-Mobile rolls out a holiday incentive offering $200 per line to Sprint customers who switch, including prepaid and Boost Virgin Mobile users. The move follows free three months of unlimited data for many T-Mobile customers and signals broader promotions aimed at AT and Verizon. Analysts cite higher acquisition costs and pressured margins, while executives say the incentives remove barriers to switching.
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