UK Housing Market Data Response BBA Mortgage Lending (Oct.) October’s rise in mortgage approvals reversed a large part of last month’s fall. But with the impact of the substantial deterioration in the labour market yet to have fed through fully to housing... 23rd November 2011 · 1 min read
US Housing Market Data Response Existing Home Sales (Oct.) The modest rise in existing home sales in October may reflect the recent improvements in economic activity and the labour market. But a sustained and significant recovery in home sales is just not on... 21st November 2011 · 1 min read
UK Housing Market Update Who will protect borrowers against lower house prices? The proposal to protect lenders against the risk of fresh falls in house prices should help to boost the supply of low-deposit mortgages next year. But it is far from clear that the overall supply of... 21st November 2011 · 1 min read
UK Housing Market Update How significant are City jobs for London's housing market? Popular perception dictates that City jobs are a crucial driver of London’s housing market. Yet there have been at least two previous occasions when significant City redundancies did not trigger house... 18th November 2011 · 1 min read
US Housing Market Data Response Mortgage Delinquencies (Q3) The further fall in the share of households behind on their mortgage in the third quarter is another piece of good news for the housing market. But the delinquency rate remains high and the large... 17th November 2011 · 1 min read
UK Housing Market Update Can high income multiples prevent a further adjustment in house prices? By allowing buyers to bridge the substantial gap between house prices and earnings, the recovery in average income multiples on mortgage lending towards their pre-recession highs has almost certainly... 16th November 2011 · 1 min read
UK Housing Market Data Response Land Registry Flash Repeat Sales Index (Oct.) The continued fall in the Land Registry’s measure of house prices is in contrast to the stability reported by the other main indices. Nevertheless, it sits comfortably with recent reports of large... 16th November 2011 · 1 min read
UK Housing Market Data Response Mortgage Arrears and Possessions (Q3) On the face of it, the decline in mortgage arrears and the fact that the number of possessions rose only marginally are encouraging. However, against the backdrop of rising unemployment and falling... 10th November 2011 · 1 min read
US Housing Market Chart Pack Price falls starting to gather pace again The latest evidence suggests that the stabilisation in house prices seen over the summer is giving way to further price falls. In September, our seasonally adjusted measure of the CoreLogic index fell... 9th November 2011 · 1 min read
US Housing Market Update Shadow inventory to keep supply high for foreseeable future Estimates of the shadow inventory vary, but by our calculations more than four million homes are waiting in the wings and will eventually add to the supply of properties for sale. That will prevent a... 8th November 2011 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Sep.) The acceleration in the rate at which the CoreLogic house price index is falling reflects the slowing in the pace of job creation and wider economic growth earlier this year. Prices may well fall... 7th November 2011 · 1 min read
UK Data Response Halifax House Prices (Oct.) The latest rise in house prices in October adds to the evidence that a lack of properties for sale is supporting prices. However, if the recent signs of a fresh downturn in the labour market are... 7th November 2011 · 1 min read
UK Housing Market Chart Pack Mortgage lending recovery comes to an end The majority of buyer demand measures deteriorated this month. With surveys suggesting that economic activity declined further in the early weeks of the fourth quarter, a recovery in the housing... 4th November 2011 · 1 min read
US Housing Market Data Response Mortgage Applications (Oct.) The fact that mortgage applications for home purchase fell again in October, despite 30-year fixed mortgage rates touching fresh lows, underlines our long held position that the demand for housing... 2nd November 2011 · 1 min read
UK Housing Market Update Why do policymakers keep returning to long-term fixed rate mortgages? Successive policymakers, of whom the Housing Minister is the latest, have called for greater use of long-term fixed rate mortgages in the UK. The argument goes that long-term fixed rate mortgages... 1st November 2011 · 1 min read
UK Data Response Nationwide House Prices (Oct.) The latest rise in the Nationwide measure of house prices is further confirmation that, for now, subdued demand for housing is being offset by a lack of properties for sale. But we suspect that house... 1st November 2011 · 1 min read
