Canada Data Response Teranet-National Bank House Prices (Jun) The Teranet-National Bank national composite house price index showed that house price inflation continued to decelerate in June, to 4.4% from 4.6% in May. The past decline in the existing home sales... 15th July 2014 · 1 min read
UK Housing Market Chart Pack House prices continue to rise as FPC takes limited action The disruption caused by the MMR, plus a lack of homes available for sale, has led to a marked slowdown in housing demand. That should help bring rates of house price inflation down from their current... 14th July 2014 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Jun.) The June RICS survey provided further evidence that the housing market is cooling, with the new buyer enquiries, newly agreed sales and price expectations balances all easing. That said, stock levels... 10th July 2014 · 1 min read
US Housing Market Chart Pack House price slowdown gathering steam The pick-up in job creation, the return of more clement weather and the decline in mortgage interest rates helped home sales rise by a strong 6.1% m/m in May. However, house prices are still... 9th July 2014 · 1 min read
UK Housing Market Update Rent data cast doubt on the scale of the housing supply crisis Against the backdrop of a significant housing shortage, we would expect the cost of shelter to be a high and increasing burden on household budgets. But rent and income data show that this is not the... 4th July 2014 · 1 min read
US Housing Market Update Slowing secondary house prices indices point the way The modest rate of house price appreciation on some secondary measures stems from the fact that they exclude foreclosures and distressed sales. The Case-Shiller and CoreLogic indices, by contrast, are... 3rd July 2014 · 1 min read
US Housing Market Data Response Mortgage Applications (Jun. 14) The further slight decline in mortgage interest rates in June was enough to bump up mortgage applications for remortgaging. But that was offset by a drop in mortgage applications for home purchase... 2nd July 2014 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Jun. 14) The Nationwide reported another strong month of house price growth in June, with prices up 1% m/m. London continues to drive the rise – the pace of annual gains in the capital has now exceeded... 2nd July 2014 · 1 min read
US Housing Market Data Response CoreLogic House Prices (May 14) The monthly pace of house price gains slowed for the fourth consecutive month in May, to just 0.1% m/m. Looking ahead, loosening housing market supply conditions will keep house price inflation... 1st July 2014 · 1 min read
US Housing Market Outlook House price inflation will cool The rising inventory of homes for sale and the hit to housing demand from the severe winter weather are feeding through to slower house price inflation. Although home sales will now recover, a further... 30th June 2014 · 1 min read
UK Housing Market Data Response Mortgage Lending (May 14) The drop in mortgage market activity seen since the turn of the year was extended into May. However, we think that approvals are unlikely to drop much further. Instead, we expect them to rise steadily... 30th June 2014 · 1 min read
UK Economics Weekly Has the FPC done enough? None of the measures announced by the Financial Policy Committee (FPC) last week seem likely to sap the recovery in house prices of its current momentum or prevent the overall level of household debt... 30th June 2014 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (May 14) The Land Registry repeat sales index suggests that house price inflation may be levelling off in response to the sizeable drop in mortgage approvals seen since January. But it is too soon to be... 27th June 2014 · 1 min read
UK Housing Market Update FPC takes (limited) action to cool the housing market The FPC has taken action to rein in a possible future house price boom, but appears entirely relaxed about developments to date. Time will tell, but we think that is rather short-sighted. 26th June 2014 · 1 min read
US Housing Market Data Response Case-Shiller Prices & New Home Sales (Apr/May) The sharp slowdown in house price inflation in April is unlikely to be a one-off. House price gains will slow further now that housing supply conditions are loosening. 24th June 2014 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (May 14) The recent run of falling mortgage approvals for house purchase looks to be coming to an end, with the BBA reporting approvals were more or less unchanged in May. But with the FPC expected to act to... 24th June 2014 · 1 min read
