UK Housing Market Data Response BBA Mortgage Lending (Jul.) July’s rise in mortgage approvals extends to three months the period over which mortgage market activity has been on the increase. But with the economic recovery hitting the buffers, this is unlikely... 24th August 2011 · 1 min read
US Housing Market Data Response Mortgage Delinquencies (Q2) The most worrying thing about the modest rise in the mortgage delinquency rate in the second quarter is that it was due to more homeowners falling behind on their mortgage payments for the first time... 23rd August 2011 · 1 min read
Canada Economics Weekly House prices vulnerable to swing in "animal spirits" Canadian house prices have formed a bubble and are vulnerable to a sudden loss of investor confidence. As such, we continue to expect prices to fall substantially over the next few years, which will... 23rd August 2011 · 1 min read
UK Housing Market Focus Will there be a shortage of buy-to-let lending? Over the next five years, favourable margins and low rates of payment problems mean that lenders will be able and willing to meet landlords’ growing demand for buy-to-let mortgages. Hence, a lack of... 20th August 2011 · 1 min read
US Housing Market Data Response Existing Home Sales (Jul.) The 3.5% m/m fall in existing home sales in July shows that the housing market will not pull the US economy out of its current malaise. In fact, it appears that the recent economic slowdown has... 19th August 2011 · 1 min read
UK Housing Market Update Will valuations be restored by a period of stable house prices? If the recent pattern of flat house prices and modest income growth were to continue, it would take over a decade for the house-price-to-earnings (HPE) ratio to return to its long-run average. However... 16th August 2011 · 1 min read
UK Housing Market Data Response CML Buy-To-Let Lending (Q2)2 Buy-to-let (BTL) lending bounced back in Q2 from the first quarter’s dip. However, lending is still very subdued compared to pre-recession levels and, in view of the faltering economic recovery, the... 12th August 2011 · 1 min read
UK Housing Market Data Response RICS Housing Market Survey (Jul.) The RICS survey makes dispiriting reading on any level. The latest falls in house prices will further dent confidence among homeowners. However, to date, the falls have done little to help first-time... 10th August 2011 · 1 min read
UK Data Response Halifax House Prices (Jul.) The latest rise in house prices in July will be seen by some as a sign that the market has found a new equilibrium. However, increasingly downbeat news regarding the wider economy and the fact that... 6th August 2011 · 1 min read
US Housing Market Focus Overseas buyers won't save the housing market While in the long-term foreigners will increasingly want a slice of the American housing dream, over the next five years a rise in demand from overseas buyers will not be large enough to bring the... 5th August 2011 · 1 min read
UK Housing Market Chart Pack Housing market stagnates as the economy stalls Weak economic growth has taken its toll on consumer confidence and employment growth. As a result, despite low interest rates the housing market continues to struggle, so much so that even London... 5th August 2011 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jun.) & Mort. Apps (Jul.) CoreLogic's measure of house prices shows that, after stripping out the normal seasonal uplift, prices fell back in June. With the number of mortgage applications having declined in July and the... 4th August 2011 · 1 min read
UK Housing Market Update What is holding back mortgage approvals? While restricted credit availability is clearly an important factor, until the pressure on consumer incomes eases and confidence improves, regardless of what happens to credit availability, there is... 3rd August 2011 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates (Q2) The poor economic climate, the double dip in house prices, the high number of foreclosures and tight credit conditions are all reasons why the homeownership rate will continue to fall. The flipside... 30th July 2011 · 1 min read
UK Data Response Nationwide House Prices (Jul.) & Mortgage Lending (Jun.) We doubt that the rise in the number of mortgage approvals marks the start of a recovery in housing market activity. Hence, with the benefits of low interest rates being relentlessly eroded by the... 30th July 2011 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Jun.) Despite holding firm in June, the underlying trend in national average house prices remains negative. Moreover, June also brought tentative evidence that even in London, prices are now softening. 29th July 2011 · 1 min read
