UK Housing Market Data Response CML Lending Trends (2013 Q4) Data from the CML confirm that first-time buyers have been the driving force behind the recovery in mortgage lending. But buy-to-let lending is also making a steady comeback, with the number of loans... 12th February 2014 · 1 min read
UK Housing Market Chart Pack A further rise in housing market activity and house prices Housing market activity and prices are continuing to rise, although there is some tentative evidence that the pace of those gains is now moderating. And with more homes expected to be put on the... 6th February 2014 · 1 min read
UK Housing Market Data Response Halifax House Prices (Jan.14) The Halifax reported a large rise in house prices of 1.1% in January, more than reversing a slight fall in December. But there is no sign that house price gains are accelerating, which would typically... 6th February 2014 · 1 min read
US Housing Market Data Response Mortgage Applications (Jan.14) The rise in mortgage applications for home purchase in January means that applications have repeated the pattern of falling in one month and rising in the next for six months now. The outlook for home... 5th February 2014 · 1 min read
US Housing Market Update Is the growing market share of ARMs cause for concern? The growing take up of adjustable-rate mortgages (ARMs) does not look like a long-term threat to the stability of the housing market. Even after recent gains, the size of the ARM market is small. And... 4th February 2014 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Dec.13) The final CoreLogic house price reading of 2013 showed that house prices rose by 11% last year. But the year-on-year rate of gains softened in the closing months of the year and is likely to weaken... 4th February 2014 · 1 min read
US Housing Market Data Response Homeownership and Vacancy Rates (Q4 13) The slight decline in the homeownership rate at the end of last year is a reminder that, even though the housing market is recovering, the share of the population who own their home probably has... 31st January 2014 · 1 min read
UK Housing Market Data Response Mortgage Lending (Dec.13) Mortgage approvals rose in December according to the Bank of England, although the increase was relatively small. Mortgage lending will see further gains as the economy recovers, but there are few... 30th January 2014 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Dec.13) The Land Registry reported that house prices ended the year on a strong note, with December seeing the strongest month-on-month gain since July. Nearly all regions saw a rise in prices over 2013, but... 29th January 2014 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Jan.14) There is no sign that the recovery in the housing market is moderating, with prices rising by 0.7% in January according to the Nationwide. Prices have now risen for 12 consecutive months, a feat last... 29th January 2014 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Nov. 13) Monthly house price inflation has been in the 0.7%-1.2% range since mid-2013, and November was no exception. But the number of locations in the Case-Shiller 20-City index which are seeing a moderation... 28th January 2014 · 1 min read
US Housing Market Data Response New Home Sales (Dec.13) The large decline in new home sales in December was probably driven by last month’s unseasonably severe winter weather. Sales activity in January is likely to be weak for similar reasons. But we... 27th January 2014 · 1 min read
UK Housing Market Focus Is the housing market in a new bubble? Viewed in isolation and given the wider economic recovery, it seems premature to label the housing market upturn as a bubble. Yet, the recovery has come from a point where prices already appeared too... 27th January 2014 · 1 min read
Japan Economics Weekly Can special zones revive the property market? The government’s proposal to allow residential properties to be built on some areas of commercial land is unlikely to lead to the hoped-for surge in property prices. With a larger supply of... 27th January 2014 · 1 min read
US Housing Market Update Why is homebuilding so low in States with rapidly rising prices? The subdued level of homebuilding in Nevada, Arizona, California and Florida is primarily a legacy of the glut of cheap, distressed homes which flooded the market during the recession and crowded out... 24th January 2014 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Dec.13) The BBA reported another rise in the number of mortgages approved in December, which are now up 42% on a year earlier. While there is no sign yet that this risks turning into a lending boom, it is not... 24th January 2014 · 1 min read
