UK Housing Market Data Response CML Buy-To-Let Lending (Q1) The share of buy-to-let in the wider mortgage market continued to rise in the first three months of the year. But that has more to do with the weakness of activity among owner occupiers than... 12th May 2011 · 1 min read
US Housing Market Chart Pack Price declines accelerating The latest evidence suggests that prices have started to fall at a faster pace once again. After having dropped by 1.0% m/m in both December and January, prices on the seasonally adjusted FHFA index... 11th May 2011 · 1 min read
UK Housing Market Data Response RICS Housing Market Survey (Apr.) The latest RICS housing market survey provides further evidence, if any were needed, that the house price outlook is weak. Most of the activity indicators deteriorated further in October and surveyors... 10th May 2011 · 1 min read
US Housing Market Update Outlook for condo prices not as bleak Recent news has highlighted the severity of the renewed downturn in prices of single-family homes. Although condominiums will not escape altogether, over the next year or so condo prices are likely to... 9th May 2011 · 1 min read
UK Data Response Halifax House Prices (Apr.) After stabilising in the past few months, the main house price indices again appear to be on their way back down. Given the weak activity data and the overvaluation in the market, this should come as... 9th May 2011 · 1 min read
UK Housing Market Chart Pack House prices will be dragged lower by job losses Last month’s housing market news-flow may have been slightly more positive than of late, but it didn’t change the underlying picture of a market that remains severely depressed. And if unemployment... 5th May 2011 · 1 min read
US Housing Market Data Response Mortgage Applications (Apr.) Despite the latest fall back in mortgage rates, appetite for mortgage borrowing is still stuck in a rut. This supports our view that the cost of borrowing is not the problem. Instead, a number of long... 4th May 2011 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Mar.) The small gain in house prices in January is unlikely to signal an end to the weakening trend in house prices. Indeed, if our economic forecasts are correct, the downward pressures on house prices are... 4th May 2011 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Apr.) & Mortgage Lending (Mar.) The fact that mortgage lending continues to run at incredibly low levels is weighing on house prices. But while prices appear to be slipping only slowly for now, job losses from the fiscal... 4th May 2011 · 1 min read
US Economics Update Fed's survey shows diverging demand for loans The Fed's latest survey of Senior Loan Officers shows a rapidly widening divergence between the strengthening demand for commercial loans and the falling demand for residential mortgages. 2nd May 2011 · 1 min read
Canada Economics Weekly Housing bubble a national problem The latest Teranet National Bank house price report, released last week, provided a timely counterbalance to the growing belief that Canada's housing boom is being driven solely by Chinese purchases... 2nd May 2011 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates (Q1) The further decline in the homeownership rate in the first quarter provides yet more evidence that Americans are now less able and less willing to buy a home. The flipside is that the resulting... 27th April 2011 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Mar.) The mortgage market remained in the doldrums in March. Approvals for house purchase data suggest that buyers remained largely inactive in the face of the growing squeeze on household incomes, fragile... 27th April 2011 · 1 min read
US Housing Market Data Response House Prices (Feb.) House prices have started to drop at a faster pace and on some indices are now falling at rates not seen since the financial crisis. In contrast to most forecasters, we always thought that prices... 26th April 2011 · 1 min read
US Housing Market Data Response New Home Sales (Mar.) We are hopeful that the increase in new home sales in March marks the end of the downward trend that had taken sales to a record low. But with existing homes being sold at much more competitive prices... 25th April 2011 · 1 min read
UK Housing Market Update What does the ratio of house prices to equities tell us? We often encounter the argument that low interest rates have made valuation metrics such as the house price-to-earnings ratio less useful as a guide to the sustainability or otherwise of prevailing... 21st April 2011 · 1 min read
