UK Housing Market Chart Pack Housing market activity improves as the year ends The housing market is showing some renewed signs of life as the year ends, but we suspect these will be snuffed out during 2013. An economy struggling to grow, increases in unemployment and a... 7th December 2012 · 1 min read
US Housing Market Outlook Shifting up the gears The housing recovery is building a real head of steam. We anticipate further strong gains in home sales and housing starts in 2013. At the national level, price gains are likely to match those seen... 6th December 2012 · 1 min read
UK Housing Market Data Response Halifax House Prices (Nov. 12) The largest monthly rise in house prices for eight months would seem to provide further evidence that the housing market is ending 2012 on a more positive note. But with the economy set for another... 6th December 2012 · 1 min read
UK Housing Market Update Taxing high-value property – will it make London uncompetitive? An annual charge on some owners of residential property worth over £2m is unlikely to have a material impact on London’s competitiveness. The main impact will be to lower the price of those homes... 5th December 2012 · 1 min read
US Housing Market Data Response Mortgage Applications (Nov.) Mortgage applications for home purchase ticked up slightly in November and are now rising year-on-year. While the bigger picture is still that demand for purchase mortgages remains very subdued, this... 5th December 2012 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Oct. 12) Adjusting for the normal seasonal dip in house prices seen at this time of year, prices rose again in October. Therefore, the underlying trend in the CoreLogic measure of house prices is strongly... 4th December 2012 · 1 min read
UK Commercial Property Data Response Construction PMI (Nov.) and Mergers & Acquisitions (Q3) The CIPS/Markit construction PMI suggests that commercial property developers have become more rather than less cautious about the occupier demand outlook, while weak mergers & acquisitions data also... 4th December 2012 · 1 min read
UK Housing Market Update First look at the impact of the Funding for Lending Scheme It’s still early days, but the first set of data for the uptake of the Funding for Lending Scheme are underwhelming. Only six of the 35 institutions signed-up had borrowed any money by the end of... 3rd December 2012 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts (Q4 12) Respondents to the latest IPF Consensus forecasts envisage rental values beginning to edge higher next year. But with capital values also expected to drop further in 2013, the implication is that any... 30th November 2012 · 1 min read
UK Housing Market Focus When will the UK housing market turn the corner? With house prices still high and lending criteria tight, the increase in demand necessary to stoke a revival in house prices will not be forthcoming anytime soon. Prices are currently being supported... 30th November 2012 · 1 min read
US Housing Market Focus Is the housing recovery the real deal? The housing recovery faces an array of headwinds, but we continue to think that it is sustainable. Although the recovery remains narrowly dependent on cash buyers and investors, outside of a few... 29th November 2012 · 1 min read
Europe Economics Focus How the core should respond to a euro break-up Sharp appreciations in the euro-zone’s core countries would threaten to damage their exports and GDP in the event of a euro-zone break-up. But there are various policies that could be implemented to... 29th November 2012 · 1 min read
UK Housing Market Data Response RICS Lettings Survey (Oct. 12) The slight strengthening in lettings market activity in the three months to October, suggests that many households remain unable or unwilling to obtain a mortgage. And alongside the weak outlook for... 29th November 2012 · 1 min read
UK Data Response Nationwide House Prices (Nov. 12) & Mortgage Lending (Oct. 12) Mortgage approvals are continuing to rise, helped by a further marginal fall in mortgage rates. But they remain far too low to kick-start a sustained recovery in house prices. 29th November 2012 · 1 min read
US Housing Market Data Response New Home Sales (Oct. 12) The small fall in new home sales in October, and the downward revision to September’s figures, mean that the recovery in new home sales is looking a little weaker than we were previously led to... 28th November 2012 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Oct. 12) Despite the best efforts of a still very buoyant prime London market, house prices in England and Wales as a whole dropped for the second consecutive month. 28th November 2012 · 1 min read
