UK Housing Market Data Response CML Buy-To-Let Lending (Q2) Lending to the Buy-to-Let sector was rather stronger than for the mainstream market in the second quarter of this year. That seems consistent with reports that, although the strength of tenant demand... 9th August 2012 · 1 min read
UK Housing Market Update Why is remortgaging so weak? While tight credit conditions are keeping all housing market activity subdued, the narrowing of the spread between Standard Variable Rates (SVRs) and the rates available for new loans helps explain... 8th August 2012 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jun.) CoreLogic’s measure of house prices posted another strong gain in June. But unlike in recent months, the latest rise was marginally weaker than we would expect in a typical June, meaning that... 7th August 2012 · 1 min read
US Economics Update Fed will want to satisfy surging mortgage demand The surge in demand for residential mortgages reported by the Fed’s latest Senior Loan Officer Survey could further encourage the FOMC to launch QE3, and perhaps some kind of Funding for Lending... 7th August 2012 · 1 min read
US Housing Market Chart Pack Don’t fret about June’s weak sales figures Home sales fell by 5.6% m/m in June, the largest monthly decline for 16 months. But this is unlikely to signal that the recovery in housing demand has run out of steam already. For one, pending home... 6th August 2012 · 1 min read
UK Housing Market Data Response Halifax House Prices (July) Mixed messages in the housing market over the past few months are slowly giving way to evidence of a downwards trend. With forward-looking indicators also weak and if anything softening, house prices... 6th August 2012 · 1 min read
UK Housing Market Chart Pack Confidence and credit remain in short supply The majority of the data over the past month support our view that the UK housing market will continue to experience a gradual correction over the next few years. The Funding for Lending scheme may go... 2nd August 2012 · 1 min read
US Housing Market Data Response Mortgage Applications (Jul.) The latest mortgage applications data provide further evidence that record low mortgage rates are doing little to boost demand among mortgage-dependent buyers. Meanwhile, the FHFA has reaffirmed its... 1st August 2012 · 1 min read
UK Housing Market Data Response Nationwide House Prices (July 12) A further month of house price falls provides more evidence that the market maybe shifting from a flat to a downwards trend. Although a clear picture of widespread house prices declines is yet to... 1st August 2012 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (May) The fourth successive rise in the Case-Shiller measure of seasonally-adjusted house prices means that prices are experiencing more than just their usual seasonal lift. Moreover, tight supply... 31st July 2012 · 1 min read
Canada Data Response GDP by Industry (May) The modest 0.1% m/m increase in Canada's monthly GDP in May supports our existing estimate that the economy expanded at a disappointing 1.7% annualised pace in the second quarter. That would mark the... 31st July 2012 · 1 min read
UK Housing Market Data Response Mortgage Lending (June) Even allowing for the potentially negative impact of the Jubilee Holiday and the bad weather, June’s mortgage lending data were undeniably weak. Unfortunately, the poor economic backdrop argues that a... 30th July 2012 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates (Q2 12) The very modest increase in the homeownership rate in Q2 does not persuade us to alter our view that the share of the population who own their home will fall further over the next couple of years... 27th July 2012 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (June) House prices rose far more slowly in the second quarter than in the first. Thus the upswing in the Land Registry measure of house price inflation is likely to be reversed before long. 27th July 2012 · 1 min read
US Housing Market Update Are lower mortgage rates supporting housing demand? News of mortgage rates falling to fresh lows may have become an almost weekly occurrence, but there’s relatively little evidence that this is translating into stronger housing demand among mortgage... 26th July 2012 · 1 min read
Canada Economics Update Is the housing market enjoying a soft landing? Housing activity is cooling and if this trend continues, as we expect, the typical lag times between activity and prices suggest that house prices might begin to decline outright next year. Given the... 25th July 2012 · 1 min read
