UK Housing Market Data Response Land Registry Repeat Sales Index (Dec.) House price growth accelerated in December, with the southern regions of the UK continuing to lead the pack. But the latest drop in transactions growth may be a sign that the current pick-up in house... 29th January 2016 · 1 min read
Asia Economics Weekly Time to worry about property price bubbles? Hong Kong made international headlines last week after it was shown to have the least affordable property market in the world. But Hong Kong is not the only economy in the region where property prices... 29th January 2016 · 1 min read
UK Economics Focus Can consumers continue to shoulder the recovery? Yesterday’s GDP figures showed that growth in Q4 was entirely driven by the services sector, suggesting that consumer spending continued to shoulder the economic recovery at the end of last year. And... 29th January 2016 · 1 min read
UK Housing Market Focus Has the housing market recovery moved into a lower gear? There are signs that house prices are approaching the limit of what the current level of incomes and mortgage lending terms can sustainably support. As a result, we believe that the next few years... 28th January 2016 · 1 min read
US Housing Market Data Response New Home Sales (Dec.) New home sales followed in the path of existing sales by surging 10.8% in the final month of the year. But while the jump in existing sales was due to volatility caused by TRID, the rise in new home... 27th January 2016 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Jan.) & BBA Mortgage Lending (Dec.) Nationwide recorded slower house price growth in January, while BBA mortgage approvals for house purchase fell for a second consecutive month. But if many buy to let landlords rush to transact before... 27th January 2016 · 1 min read
US Economics Weekly Slowdown in GDP growth unlikely to be sustained Our calculations indicate that fourth-quarter GDP growth slowed to only 1.0% annualised, largely thanks to a more modest 2.0% gain in consumption. The latter is hard to square with the continued... 22nd January 2016 · 1 min read
US Housing Market Data Response Existing Home Sales (Dec.) Existing home sales rebounded in style in December – recording their largest month-on-month gain since records began in 1968. The jump was due to the introduction of TRID disclosure rules in early... 22nd January 2016 · 1 min read
UK Housing Market Update How will prime central London perform in 2016? Falling oil prices and growing uncertainty about the global economic outlook point to a lacklustre year for prime central London housing. Indeed, having already slowed sharply, prices in the most... 22nd January 2016 · 1 min read
UK Housing Market Outlook House prices and earnings set to gradually rebalance The recent easing in buyer demand suggests house prices are approaching a ceiling. We envisage house price inflation falling to 2% in 2016 and 2017 – giving wages a chance to start catching up with... 15th January 2016 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Dec.) House price inflation rose slightly to a four-year high of 6.2% in December, from 6.1%, but the home-sales-to-listings ratio indicates that this is close to the peak. 13th January 2016 · 1 min read
US Housing Market Update How disruptive have the TRID regulations been? The introduction of the TRID disclosure rules in October increased the time a mortgage takes to close by a small amount, which will have delayed some home sales. But the evidence does not support... 12th January 2016 · 1 min read
UK Housing Market Focus How strong are competitive forces in the mortgage market? Competitive forces in the mortgage market have strengthened over the past year. But some types of borrowers have benefitted far more than others. In particular, pricing data show that competition to... 12th January 2016 · 1 min read
US Housing Market Chart Pack Housing market well placed to withstand Fed hike The housing market should be able to withstand the first rise in interest rates for nine years. Mortgage applications for home purchase in December were at their highest level in almost six years. And... 11th January 2016 · 1 min read
UK Housing Market Update Will 2016 see a sharp correction in house prices? We believe that UK house prices are fundamentally too high. But unless the economy lapses back into recession, triggering a spike in forced selling, a real terms correction, in which prices rise more... 11th January 2016 · 1 min read
UK Housing Market Data Response Halifax House Prices (Dec.) Today’s data from the Halifax revealed a slight pick up in house price growth during December. But with house prices already high and growing much faster than wages, we expect price growth to slow... 7th January 2016 · 1 min read
