Japan Economics Focus Is another bubble inflating in Japan’s housing market? There has been some recent talk of froth returning to Japan’s housing market but prices, other than for condominiums, are not rising at a rapid rate. With debt levels also stable, there are no signs... 25th February 2016 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Jan.) Today’s BBA data recorded a sharp rise in mortgage approvals for house purchase. This points to a mortgage market that is heating up, as landlords and second home owners rush to transact before the... 24th February 2016 · 1 min read
US Housing Market Data Response Case-Shiller Prices / Existing Home Sales (Dec./Jan.) The surprise rise in existing home sales in January provides further evidence that housing demand is being supported by very low mortgage interest rates and a strong jobs market. But with inventory... 23rd February 2016 · 1 min read
UK Housing Market Chart Pack London Housing Chart Book - Outer London driving house price growth Outer London has been outshining the previously stronger central London boroughs. Transactions volumes there have stabilised, while house price growth has been racing ahead. But rapid price growth is... 18th February 2016 · 1 min read
US Housing Market Data Response Housing Starts (Jan.) Against expectations for a small rise, housing starts contracted for the second consecutive month in January. However, even though they were depressed to some extent by the snowy weather in the... 17th February 2016 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Jan.) House price inflation slowed to 5.9% in January, from 6.2%, and the existing home-sales-to-listings ratio indicates that the pace of inflation will ease further in the coming months. 12th February 2016 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Jan.) This month’s RICS survey showed new buyer enquiries and new sales instructions picking up for a second month in a row. It seems increasingly likely that the first quarter of the year will see a... 11th February 2016 · 1 min read
Canada Chart Pack Housing imbalances continue to worsen Nothing illustrates the regional divergence in Canada’s economy like housing. While house prices continue to surge in the already most over-valued markets in Vancouver and Toronto, Calgary and other... 10th February 2016 · 1 min read
US Housing Market Update Are mortgage lending standards being eased too far? Survey evidence shows that banks have relaxed mortgage lending standards in every quarter for the past two years, and the average down payment is currently no larger than that seen just prior to the... 10th February 2016 · 1 min read
UK Housing Market Update Is the shortage of homes for sale being overstated? There are some grounds to think that survey measures of the number of homes for sale may be being distorted by an increase in the total number of estate agent branches. That said, even after adjusting... 9th February 2016 · 1 min read
UK Housing Market Chart Pack Housing market activity gradually marching upwards With transactions rising further during the month, activity in the market does seem to be warming up. Coupled with record low interest rates and growing competition between banks, transactions should... 4th February 2016 · 1 min read
UK Housing Market Data Response Halifax House Prices (Jan.) The Halifax index recorded another strong monthly rise in house prices in January. But with house prices already high, we think that the current rate of growth won’t be sustained for much longer. 4th February 2016 · 1 min read
US Housing Market Data Response Mortgage Applications (Jan.) A fall in mortgage interest rates helped to boost mortgage applications in January. And although we think rates will increase this year, a strong labour market and easing in lending standards will... 3rd February 2016 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Dec.) While we wouldn’t place too much faith in December’s reading of a strong 1.5% m/m gain in house prices, the latest CoreLogic report continues the recent theme of gradually rising house prices as... 2nd February 2016 · 1 min read
UK Housing Market Data Response Mortgage Lending (Dec.) Despite the BBA reporting a drop in mortgage approvals for house purchase among the major high street banks last week, a stronger performance by smaller lenders meant that total approvals for house... 1st February 2016 · 1 min read
UK Housing Market Update How generous is London Help to Buy? In terms of its direct impact on a buyer’s monthly outlays, London Help to Buy appears to be a significantly more generous subsidy than the original equity loan scheme that it supplements. But in... 1st February 2016 · 1 min read
