Latin America Economics Update Brazil's housing market: slowing but not stalling The surge in Brazilian property prices seen over the past few years appears to be slowing, but the housing market still looks significantly overvalued – perhaps by as much as 30-50%. In this month’s... 9th October 2012 · 1 min read
US Housing Market Chart Pack Mortgage interest rates drop further on QE3 The announcement of the third round of quantitative easing, during which the Fed will buy $40bn of mortgage-backed securities per month until the outlook for the labour market improves ‘substantially’... 9th October 2012 · 1 min read
UK Housing Market Data Response RICS Housing Market Survey (Sep. 12) It will be tempting to regard the September RICS survey as early evidence that the housing market is returning to life. But the improvement is relatively modest. And until the key drivers of the... 9th October 2012 · 1 min read
UK Housing Market Data Response Halifax House Prices (Sep.) Halifax recorded a further decline in house prices during September, which means prices have now fallen in every month of the third quarter. And with the economy still struggling to grow, this trend... 4th October 2012 · 1 min read
US Housing Market Data Response Mortgage Applications (Sep. 12) Mortgage interest rates have fallen further in response to the third round of quantitative easing. This translated into stronger demand for mortgages in the closing weeks of September, both from... 3rd October 2012 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Aug.) The latest rise in house prices provides further evidence that the housing market is staging an encouraging, if still quite modest, recovery. Improving sales volumes and tight supply suggest that... 2nd October 2012 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Sep.) The Nationwide index ended the third quarter on a weak note. Taken with yesterday’s weak mortgage lending data it certainly seems as though the housing market is one area where there is precious... 2nd October 2012 · 1 min read
UK Housing Market Data Response Mortgage Lending (Aug. 12) Mortgage approvals for house purchase were little changed in August. And with mortgage rates still increasing despite the introduction of the FLS, we are doubtful a sustained recovery is imminent. 1st October 2012 · 1 min read
UK Data Response CIPS Report on Manuf. (Sep.) & Mortgage Approvals (Aug.) Today’s economic data presented a uniformly weak picture of economic activity and will therefore go some way to dampening hopes that the “green shoots” of recovery are emerging. 1st October 2012 · 1 min read
US Housing Market Focus Single-family rentals: the next big thing? The housing crash has created the ideal conditions for institutions to invest in single-family rented housing. But this looks like a one-time opportunity. As house prices recover, so investor interest... 1st October 2012 · 1 min read
Canada Economics Weekly Odds stacking heavily against condo soft landing Slumping home sales is casting a dark shadow over prospects for new housing construction. Although the recent surge in multi-unit housing starts might sustain the elevated level of overall housing... 1st October 2012 · 1 min read
US Economics Weekly Burgeoning housing recovery won't transform GDP growth The promising recovery in the housing market will continue during the fourth quarter and next year. But because housing accounts for only a tiny share of GDP, the recovery won’t transform the US from... 28th September 2012 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Aug. 12) House prices were flat in August according to the Land Registry, and even prices in London showed no change. But demand for £2m+ houses as a perceived safe asset continues to grow, despite the... 28th September 2012 · 1 min read
US Housing Market Data Response New Home Sales (Aug.) New home sales declined fractionally in August. However, with the new-build premium sharply lower and mortgage rates falling to record lows, we expect them to resume their upward trend before too long... 26th September 2012 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Jul.) The sixth successive monthly rise in house prices in July supports our view that, even with the broader economic recovery struggling to gain traction, the housing recovery is sustainable. 25th September 2012 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Aug.) The recovery from June’s sharp dip in mortgage approvals continues, but the broader picture remains one of a subdued lending environment. There is no sign as yet that Government efforts to revive the... 25th September 2012 · 1 min read
