UK Housing Market Update Contradictory evidence on impact of 7% stamp duty rate Evidence on the impact of the new 7% stamp duty rate on activity in the £2m+ homes market is contradictory. Data from the Land Registry shows that transactions have held up. But agents report a... 12th April 2013 · 1 min read
US Housing Market Update Talk of a US housing bubble is premature We place significant emphasis on valuations in our analysis of residential property markets. So we cannot take issue with those who have recently pointed out that house price gains which are twice the... 12th April 2013 · 1 min read
US Housing Market Chart Pack Existing housing supply posts meaningful rise The inventory of new homes for sale has been rising for six months now, and in February the supply of existing homes for sale posted its first meaningful increase in two years. Admittedly, the 3.7% m... 10th April 2013 · 1 min read
Canada Economics Update Housing downturn dashing hopes of economic rebound The downward trend in existing home sales, building permits and housing starts suggests that shrinking residential investment will be a drag on GDP growth over the first half of this year. Accordingly... 9th April 2013 · 1 min read
UK Housing Market Data Response RICS Housing Market Survey (Mar. 13) Housing market transactions have now risen to a three-year high, as the increase in mortgage approvals facilitated by the Funding for Lending Scheme feeds through. But the more recent contraction in... 9th April 2013 · 1 min read
Canada Economics Weekly Housing demand dashing hopes of spring rebound The Spring housing season is just getting underway but, unfortunately, hopes of a rebound in housing demand don't look promising. The affordability argument based on low mortgage rates isn't enticing... 8th April 2013 · 1 min read
UK Housing Market Chart Pack Housing market recovery runs up against poor fundamentals What had looked like the beginnings of a modest housing market recovery is already losing steam. While Government efforts to support the market should prevent significant house price falls, weak... 5th April 2013 · 1 min read
UK Housing Market Data Response Halifax House Prices (Mar. 13) The modest rise in house prices recorded by the Halifax in March adds to the run of recent data showing the rise in housing market activity seen at the start of the year appears to be levelling off. 5th April 2013 · 1 min read
UK Housing Market Data Response RICS Lettings Survey (Jan. 13) The latest RICS Residential Lettings Survey shows tenant demand accelerated in the three months to January. Alongside the recent reduction in mortgage approvals, this provides further evidence that... 4th April 2013 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Feb. 13) House prices rose in February, and based on short-term leading indicators they are set to post another gain in March. This supports our view that, during 2013 as a whole, prices will increase by... 3rd April 2013 · 1 min read
US Housing Market Data Response Mortgage Applications (Mar. 13) While the refinancing boom is coming off the boil, we’re optimistic that mortgage applications for home purchase are in the early stages of a sustainable comeback. 3rd April 2013 · 1 min read
UK Housing Market Data Response Mortgage Lending (Feb. 13) The largest drop in mortgage approvals for house purchase for a year provides further evidence that poor fundamentals are outweighing Government efforts to support the housing market. 2nd April 2013 · 1 min read
US Housing Market Update Lower yields will undermine investment case - but not this year House prices are rising at a quicker pace than rents, which is weighing on rental yields. But the reduction in yields is currently very gradual, while the total return from housing remains attractive... 28th March 2013 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Feb. 13) Land Registry data for February indicate that house prices are continuing to drift up. But while London will see further inflows of foreign capital seeking a safe haven, house prices in the rest of... 28th March 2013 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Mar. 13) Following two consecutive months of rises, house prices were flat in March. And with mortgage approvals now falling we doubt prices will show any sustained gains over 2013, despite the best efforts of... 28th March 2013 · 1 min read
US Housing Market Data Response Case-Shiller Prices & New Home Sales (Jan./Feb.) House prices posted another solid gain at the start of 2013, with the geographical footprint of the recovery taking in yet more areas. 26th March 2013 · 1 min read
