UK Housing Market Chart Pack Funding for Lending puts housing market on life support Government efforts to support the housing market, particularly through the FLS, appear to be bearing fruit. But the fact remains that house prices are still very high in comparison to earnings, and... 8th February 2013 · 1 min read
US Housing Market Data Response Mortgage Applications (Jan. 13) Mortgage applications for home purchase are still low by past standards, but at least they have been rising for five months now. That’s an encouraging sign that mortgage-dependent buyers are starting... 6th February 2013 · 1 min read
UK Housing Market Data Response Halifax House Prices (Jan.) The boost to house prices seen at the end of 2012 did not continue into early 2013. The housing market is currently being supported by Government interventions, but with most measures still pointing... 6th February 2013 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Dec. 12) The US housing recovery showed no signs of slowing in the final stages of 2012. And the early signs are that these gains will be extended throughout 2013 as the economy continues its recovery. 5th February 2013 · 1 min read
US Housing Market Update West to lead house price growth in 2013 We’re expecting US house prices to rise by around 5% this year, but a closer look at the regional picture suggests that the gains will be most pronounced in the West. 31st January 2013 · 1 min read
UK Data Response Nationwide House Prices (Jan.) Today’s news that house prices started the year with a modest rise provides some further evidence that the housing market is starting to respond to Government efforts to kick-start the sector. But it... 31st January 2013 · 1 min read
UK Housing Market Data Response Mortgage Lending (Dec. 12) Mortgage approvals resumed their upward trend in December. Whether this trend can continue may now depend upon the actions of the big lenders, who to date appear less keen to expand their mortgage... 30th January 2013 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates & Case-Shiller (Q4/Nov) The fact that the housing recovery is being driven principally by investor demand means that the slight decline in the homeownership rate in the fourth quarter is unlikely to be the last. 29th January 2013 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Dec. 12) Today’s Land Registry data provides further evidence that house prices recovered towards the end of 2012. But with anaemic GDP growth expected over 2013, any sustained rise in house prices looks... 29th January 2013 · 1 min read
US Housing Market Focus Will New York City's housing market continue outperforming? House prices and residential sales activity in New York City look set to underperform the wider US housing market over the next few years. Valuations in NYC are less favourable than elsewhere, the... 28th January 2013 · 1 min read
US Housing Market Data Response New Home Sales (Dec. 12) It’s a disappointment that the level of new home sales in December was no higher than it was seven months earlier in May. But December’s new home sales report isn’t as bad as it first appears. 25th January 2013 · 1 min read
UK Housing Market Update What does the depreciation of sterling mean for prime London property? The slight drop in the value of sterling in recent months has reduced the value of prime London property held by overseas buyers. But with the euro-zone crisis only contained, rather than solved, we... 24th January 2013 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Dec. 12) The recent growth in mortgage approvals appears to have stalled. While the FLS has helped to bring mortgage rates down, the depressed state of the economy is acting as a significant drag on housing... 24th January 2013 · 1 min read
US Housing Market Data Response Existing Home Sales (Dec. 12) The number of existing home sales fell in December, but the underlying trend in sales remains upwards. Moreover, supply conditions are still very tight. 22nd January 2013 · 1 min read
US Housing Market Data Response Housing Starts (Dec. 12) December’s surge in housing starts tops off an encouraging year for homebuilders. Given how far below normal levels starts remain even now, we expect further strong gains during 2013. 17th January 2013 · 1 min read
UK Housing Market Update Why has the FLS not helped bring down SVRs? The Funding for Lending Scheme (FLS), alongside other interventions, has helped bring down both long and short-term wholesale funding costs. But to date lenders have only passed these savings through... 17th January 2013 · 1 min read
