UK Housing Market Data Response CML Lending Trends (2014 Q2) The number of mortgages advanced for house purchase in the second quarter rose by 19% compared to a year earlier according to the CML, which suggests that the MMR has not slammed the brakes on lending... 11th August 2014 · 1 min read
UK Housing Market Chart Pack House price growth eases on back of cooling demand The moderation in housing market activity seen in recent months partly reflects the disruption caused by the MMR, and as this passes mortgage lending and demand will continue to increase. But concern... 7th August 2014 · 1 min read
US Housing Market Data Response Mortgage Applications (Jul.) The downward trend in mortgage rates seen over the first half of the year has ended, with rates unchanged in July. That helps explain why mortgage applications for refinancing fell during the month. A... 6th August 2014 · 1 min read
UK Housing Market Data Response Halifax House Prices (Jul.) The volatility in the Halifax measure of house prices continues, with a rise of 1.4% in July more than reversing last month’s drop. The underlying rate of growth has now accelerated, but given other... 6th August 2014 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jun.) According to CoreLogic, house prices only managed to hold their ground in June, and have not seen a month-on-month rise since March. A loosening in supply conditions has helped to rein in house price... 5th August 2014 · 1 min read
US Economics Update Widespread strengthening in demand for loans The strengthening in mortgage demand evident in the Fed’s latest Senior Loan Officer Survey suggeststhat the housing recovery is back on track after having stalled in the first half of the year... 5th August 2014 · 1 min read
US Housing Market Chart Pack Sales and starts still soft The housing market has yet to shake off the weakness seen in the early stages of the year. Despite increasingly solid economic data and a drop in mortgage interest rates, mortgage applications and new... 4th August 2014 · 1 min read
Japan Economics Weekly Housing market hit hard by sales tax hike Housing starts and sales have plunged as a result of the sales tax hike, and residential investment will likely contract in both Q2 and Q3. While the experience from the last consumption tax hike is... 1st August 2014 · 1 min read
US Housing Market Update What is happening to mortgage lending? The value of banks’ outstanding residential mortgage lending is rising but the number of new loans remains static. This divergence is explained by a sharp rise in the value of the typical mortgage... 31st July 2014 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Jul.) House price growth eased in July according to the Nationwide, with a rise of just 0.1% m/m – the slowest since April last year. A slowdown in growth was expected, given the drop in sales seen in... 31st July 2014 · 1 min read
UK Housing Market Update To what extent is the MMR responsible for the dip in mortgage lending? Housing market activity was already slowing prior to the introduction of the MMR. However evidence from the buy-to-let market suggests that the disruption to banks’ lending process turned an expected... 30th July 2014 · 1 min read
Asia Chart Pack Property price worries prompt rate hikes The central banks of New Zealand, the Philippines and Malaysia all tightened monetary policy last month amid signs that policymakers are becoming increasingly concerned that loose monetary policy is... 30th July 2014 · 1 min read
UK Housing Market Data Response Mortgage Lending (Jun.) The disruption caused by the MMR appears to be passing, with the Bank of England reporting a healthy rise in mortgage approvals in June. A strong economic recovery will ensure that lending grows... 29th July 2014 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Jun.) The Land Registry reported that house prices were flat in June, which led to the first drop in the annual rate in a year. That is consistent with other measures indicating a slowdown in the housing... 28th July 2014 · 1 min read
UK Commercial Property Chart Pack Capital values up sharply in June Economic output rose for the sixth consecutive quarter in Q2 and finally regained its pre-credit crunch level. Employment also continues to grow strongly, but spare capacity in the labour market means... 25th July 2014 · 1 min read
UK Housing Market Update Will buy-to-let landlords selling up cause a fall in house prices? A recent survey of letting agents reported that the share of landlords planning to sell properties has risen to a seven-year high. That could be a sign that prices have peaked. But with overall... 25th July 2014 · 1 min read
