UK Housing Market Data Response Halifax House Prices (Nov 13.) There is no sign that the housing market is losing momentum as the year draws to a close, with prices up a substantial 1.1% during November. That will add to the pressure on the Bank of England to do... 6th December 2013 · 1 min read
UK Housing Market Chart Pack Housing market recovery continues The housing market is still some way off boom territory, with mortgage approvals 40% below pre- crisis levels and annual house price inflation under 5% in most regions. But with market conditions... 5th December 2013 · 1 min read
US Housing Market Data Response New Home Sales (Sep. 13 & Oct. 13) New home sales were still suffering the effects of the rise in mortgage interest rates in September, but fully made up for their earlier weakness in October. In other words, higher rates do not appear... 4th December 2013 · 1 min read
US Housing Market Data Response Mortgage Applications (Nov 13.) The slight rise in mortgage applications for home purchase in November was not enough to undo earlier falls. But it was a step in the right direction and we expect mortgage activity to pick up... 4th December 2013 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Oct. 13) With the release of the CoreLogic house price index for October it’s clear that the pace of monthly house price gains has accelerated in recent months. But we continue to expect price gains to slow... 3rd December 2013 · 1 min read
UK Housing Market Update Bank of England starts to take away the punch bowl The Bank of England has started the slow process of withdrawing support to the mortgage market. In our view, the acceleration of the review into the introduction of an industry-wide leverage ratio is... 2nd December 2013 · 1 min read
UK Housing Market Data Response Mortgage Lending (Oct.13) The Bank of England reported that mortgage approvals for house purchase continued to grow in October, although at a slower pace than in the recent past. Rigorous affordability tests appear to be... 29th November 2013 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Nov. 13) There is no sign that the gains to house prices are losing any momentum, with a rise of 0.6% in November according to the Nationwide. But we still doubt this will develop into a widespread house price... 29th November 2013 · 1 min read
UK Economics Update Bank of England takes action to cool housing market Alongside the release of its Financial Stability Report, the Bank of England has unveiled new measures to blunt the incentives for banks to make new mortgage loans. While these initiatives may do... 28th November 2013 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Oct 13.) The Land Registry posted a surpise fall in house prices during October of 0.2%, and revised down September’s gain. But overall the evidence is that house price rises are becoming more widespread... 28th November 2013 · 1 min read
US Housing Market Data Response Case-Shiller Home Prices (Q3 13) National US house prices posted another solid gain in Q3 and are now rising at double-digit rates year-on-year. But this may well mark the peak of annual house price gains. 26th November 2013 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Oct. 13) The BBA reported a slight fall in mortgage approvals for house purchase in October, ending a seven month run of expansion. While we expect that approvals will continue to grow over the coming months... 25th November 2013 · 1 min read
US Housing Market Update Foreclosure overhang weighing on New York and New Jersey The rise in the foreclosure inventory in New York and New Jersey in the third quarter provides one more reason to think that housing market prospects in these two States are relatively weak. 21st November 2013 · 1 min read
UK Housing Market Data Response Housebuilding (Q3 13) A sizeable boost in new-build demand from the Help to Buy equity loan scheme has helped stimulate a recovery in housebuilding. But capacity constraints will prevent a rapid return to pre-crisis... 21st November 2013 · 1 min read
US Housing Market Data Response Existing Home Sales (Oct. 13) The further decline in existing home sales in October is the result of the earlier hike in mortgage interest rates. The immediate outlook for existing home sales is negative, but the loosening in... 20th November 2013 · 1 min read
Canada Economics Weekly Tighter mortgage rules could worsen future housing correction Finance Minister Jim Flaherty's latest threat to intervene in the housing market appears ill-timed. Although the recent pick-up in existing home sales points to some acceleration in house price... 18th November 2013 · 1 min read
