US Housing Market Data Response CoreLogic House Prices (Feb.) The CoreLogic measure reported that house prices continued to rise rapidly in February. However, the recent loosening in supply conditions suggests that runaway house price inflation will not continue... 1st April 2014 · 1 min read
UK Housing Market Data Response Mortgage Lending (Feb.14) Although likely to be temporary, today’s sharp fall in mortgage approvals should go some way towards calming fears that the housing market recovery is rapidly spiralling out of control. 31st March 2014 · 1 min read
Canada Economics Weekly Mortgage rate cuts won't trigger housing rally The decision by Canada's large banks to cut fixed mortgage rates ahead of the typically busy Spring home buying season won't boost sagging home sales. With housing so unaffordable, mortgage rates... 31st March 2014 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Feb. 14) Rising at just over 5% y/y, the Land Registry house price index shows a rather less frothy picture than the main lenders' indices. It also emphasises how big a role London is playing in driving up the... 28th March 2014 · 1 min read
US Housing Market Data Response Case-Shiller Prices & New Home Sales (Jan./Feb.14) The rapid, double-digit increases in house prices are unlikely to continue now that housing market supply conditions are loosening. 25th March 2014 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Feb.14) The slight decline in mortgage approvals for house purchase in February is almost certainly a blip, and doesn’t herald the end of the revival in mortgage lending. But it does suggest mortgage lending... 25th March 2014 · 1 min read
UK Housing Market Update Why is the Land Registry reporting slower house price growth? House price growth may be entering double-digit territory on the Nationwide measure, but that is certainly not the case according to the Land Registry. The difference may reflect the inclusion of cash... 21st March 2014 · 1 min read
US Housing Market Data Response Existing Home Sales (Feb.14) The slight decline in existing home sales in February was the sixth drop in seven months. However, sales of non-distressed existing homes are doing much better. 20th March 2014 · 1 min read
UK Housing Market Update Help to Buy equity loans – what have they achieved? Help to Buy equity loans have proved very popular, but their direct impact on the housing market recovery has been overstated. The extension to the scheme will give housebuilders the confidence to... 19th March 2014 · 1 min read
US Housing Market Data Response Housing Starts (Feb.14) Continued unseasonably severe weather, as well as a shortage of lots, kept housing starts subdued in February. But the size of the shortfall between starts and household formation means that... 18th March 2014 · 1 min read
US Housing Market Update What is the downside scenario for the housing market? The biggest risk facing the US housing market is that higher mortgage interest rates and tight credit conditions prevent a recovery in mortgage demand, meaning that mortgage-dependent buyers do not... 13th March 2014 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Feb.14) The RICS housing market survey provides some hope that housing demand is not running out of control. But there is still an acute lack of homes available for sale, and that will put further upwards... 13th March 2014 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Feb.) The further acceleration in house price inflation to 5.0% in February, from 4.5% in the previous month, mainly reflects tighter supply and demand conditions. The drop in existing home sales since then... 12th March 2014 · 1 min read
US Housing Market Chart Pack Loosening supply conditions foreshadow price slowdown New home sales shook off earlier weather effects to post a strong gain in January. Although existing home sales fell again, they should also recover before too long. Nevertheless, the bigger picture... 11th March 2014 · 1 min read
UK Housing Market Data Response Mortgage Lenders and Administrators statistics (Q4 13) First-time buyers continue to drive the recovery in mortgage lending, and have done so without any rise in the share of mortgages requiring a small deposit. So far, it seems as though the Help to Buy... 11th March 2014 · 1 min read
UK Housing Market Focus Why are so few homes being put up for sale? Recent months have seen a resurgence in first-time buyers, desperate to buy before house prices are pushed even further out of reach. But this has not been matched by a rise in the number of homes put... 10th March 2014 · 1 min read
