US Housing Market Chart Pack Early signs of slowdown in house price appreciation Mortgage applications for home purchase are showing the strain from higher mortgage interest rates, falling by 5.6% m/m in July. It’s too early to see the effect of higher rates on the existing home... 8th August 2013 · 1 min read
UK Housing Market Data Response Mortgage Arrears and Possessions (Q2) Low interest rates and lender forbearance are keeping mortgage possessions at levels which pose little threat to the outlook for house prices. But a meaningful drop in mortgage arrears is unlikely... 8th August 2013 · 1 min read
UK Housing Market Data Response CML Buy-to-Let Lending (Q2) Lending to buy-to-let investors gathered pace in the second quarter. But the data do not suggest that landlords are playing a disproportionately large role in the nascent housing market recovery. 8th August 2013 · 1 min read
US Housing Market Data Response Mortgage Applications (Jul 13.) Higher mortgage interest rates saw mortgage applications for home purchase post their largest month-on-month fall in almost two years in July. But the most up-to-date weekly figures recorded a small... 7th August 2013 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jun.) Although it is too soon to be sure, CoreLogic house price index for June brought some tentative evidence that the moderation in the pace of house price gains that we are anticipating in the second... 6th August 2013 · 1 min read
UK Housing Market Data Response Halifax House Prices (Jul.) Halifax reported that house prices rose by a sturdy 0.9%m/m in July, which helped the annual rate to a three-year high. But with house prices already overvalued, the gains are worryingly reliant on... 6th August 2013 · 1 min read
Europe Economics Update Denmark to drag itself out of property slump The Danish property market, at the heart of the country’s long slump, is on the mend. This suggests that the economy is finally turning a corner, but the recovery in both house prices and the wider... 5th August 2013 · 1 min read
Nordic & Swiss Economics Update Denmark to drag itself out of property slump The Danish property market, at the heart of the country’s long slump, is on the mend. This suggests that the economy is finally turning a corner, but the recovery in both house prices and the wider... 5th August 2013 · 1 min read
US Housing Market Update Are house prices increasing by less than the indices suggest? The decline in the share of distressed sales is having an upward influence on house prices. But we aren’t convinced by claims that the house price indices’ failure to adjust for this effect is somehow... 2nd August 2013 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Jul.) House prices are continuing to gain ground. A strong 0.8%m/m increase combined with favourable base effects to boost the annual growth rate to 3.9%. But with house prices already overvalued, we do not... 2nd August 2013 · 1 min read
UK Housing Market Update Divergence in London house prices grows ever wider House prices in London as a whole have outperformed the rest of the country since the financial crisis, but this is not the case for all parts of the capital. Those boroughs with the highest prices... 31st July 2013 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates & Case-Shiller (Q2/May) Three years after home sales started rising, and a year and a half since house prices turned up, the homeownership rate remains at an 18-year low. 30th July 2013 · 1 min read
UK Housing Market Data Response Mortgage Lending (Jun.) After three months of gains, the number of mortgages approved for house purchase showed a surprising drop in June. While this is almost certainly a blip, rather than an indication that banks are... 29th July 2013 · 1 min read
Japan Economics Weekly Is the housing market set to take off? Housing construction should give a boost to the wider economy over coming quarters as low mortgage interest rates support property demand. But Japan’s property market is approaching a turning point... 29th July 2013 · 1 min read
Europe Commercial Property Chart Pack Property yields still holding their ground Despite recent signs that the euro-zone recession is easing, the tone of the latest occupier market data remains soft and there has been no observable upward shift in investment market activity. Even... 26th July 2013 · 1 min read
UK Housing Market Update Housebuilding starts to recover, but so do new-build prices The recent rise in demand for new-build homes, partly driven by Help to Buy, has helped private home starts reach their highest level since the start of the financial crisis. While this is good news... 26th July 2013 · 1 min read
