Shares in Countrywide, the UK's largest estate agent
group, lost 20% after it warned of tough times in the market. Countrywide,
whose brands include Bairstow Eves and Gascoigne Pees, made a £208.1m after-tax
loss in 2017, versus a £17.5m profit in 2016. said about 150 head office jobs
would go. The firm has been hit by a slowdown in the housing market as well as
the rise of online agents such as Purplebricks. But by the close, the shares
had pulled back to stand 1.6% down. The profit figures were also dragged lower
by one-off costs as Countrywide continued to restructure the business. Read
more on the BBC.
Housing market racism persists despite ‘fair housing’ laws
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In the US, where homeownership speaks to class, African Americans are being
denied mortgages at rates much higher than their white peers
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