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
Europe Data Response Euro-zone EC Survey (Jul.) July’s fall in euro-zone economic sentiment adds to the evidence of a broad-based economic slowdown. The decline in the economy-wide Economic Sentiment Indicator (ESI), from 105.1 to 103.2, was... 29th July 2011 · 1 min read
US Housing Market Data Response Case-Shiller Prices & New Home Sales (May/Jun.) May's Case-Shiller house price index suggests that the five-year-long decline in house prices may be more or less over. But with June's new home sales data confirming that housing demand remains... 27th July 2011 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (June.) Despite June’s rise, mortgage approvals have remained broadly flat over the past year. With the squeeze on household incomes unlikely to ease anytime soon and with few signs of looser lending... 26th July 2011 · 1 min read
UK Housing Market Update Is the latest rise in net migration another positive for rents? If sustained, the latest rise in net migration should add to the upward pressures on rents over the next few years. But if the increase continues to owe as much to fewer British citizens leaving the... 23rd July 2011 · 1 min read
UK Housing Market Update Have food and energy price rises offset the benefit of rate cuts? The low level of forced selling over the past few years, which has been a key support for average house prices, owes much to the low level of mortgage interest rates. But given the squeeze on real... 22nd July 2011 · 1 min read
US Housing Market Data Response Existing Home Sales (Jun.) The further fall in the number of existing home sales in June, to 4.77m from 4.81m in May, suggests that the recent deterioration in economic conditions has already hit the housing market. 21st July 2011 · 1 min read
US Housing Market Data Response Housing Starts (Jun.) The 14.6% m/m leap in housing starts in June, to a five-month high of 629,000 from 549,000 in May, is not the start of a significant and sustained surge in homebuilding. Instead, it reflects a rebound... 20th July 2011 · 1 min read
