UK Housing Market Data Response BBA Mortgage Lending (Aug.) The August lending data from the BBA was always likely to add to the picture of a subdued mortgage market. But the significant fall in mortgage approvals for house purchase only adds to the evidence... 23rd September 2010 · 1 min read
UK Housing Market Update Fuss over mortgage interest rates is a red-herring Recent press comment that lenders are profiteering from the large spreads between mortgage interest rates and Bank Rate may be further evidence of the low esteem in which the financial services sector... 22nd September 2010 · 1 min read
UK Housing Market Update First-time buyers will be most affected by fragile labour market The recent slump in first-time buyers’ share of the mortgage market is a worrying sign of fresh weakness in the first rung of the housing market. What’s more, high unemployment among the under- 35s... 16th September 2010 · 1 min read
UK Housing Market Data Response FSA Mortgage Lending Statistics (Q2) FSA lending data released late this morning will do little to lift the cloud hanging over the housing market. While arrears and possessions improved again, there were some signs that credit conditions... 14th September 2010 · 1 min read
UK Housing Market Data Response RICS Housing Survey & CLG House Prices (Aug/Jul) Much of the recent housing market data has offered conflicting signals. But the latest RICS housing market survey presents an unambiguously weak picture of both housing market activity and house... 14th September 2010 · 1 min read
China Data Response International Trade, Property Market (Aug.) There were further encouraging signs in today’s import data that domestic demand is firming up after a shaky few months. The trade surplus is still gaping wide though. Tensions over the renminbi are... 10th September 2010 · 1 min read
US Housing Market Chart Pack Home sales in freefall The floor has fallen out from underneath the housing market in the months since the homebuyer tax credit expired in April. In July, total home sales fell by 26% m/m, to a level not seen in 17 years... 8th September 2010 · 1 min read
UK Data Response Halifax House Prices (Aug.) The latest rise in the Halifax measure of house prices does little to settle the debate about the house price outlook. But the fact that house prices continue to fall on a quarterly basis seems... 8th September 2010 · 1 min read
UK Data Response Halifax House Prices (Aug.) The latest rise in the Halifax measure of house prices does little to settle the debate about the house price outlook. But the fact that house prices continue to fall on a quarterly basis seems... 8th September 2010 · 1 min read
UK Housing Market Update What is the interest-only mortgage clampdown telling us? Recent press reports that some major mortgage lenders are further restricting the availability of interest-only mortgages are a fresh sign that credit conditions are tightening. 7th September 2010 · 1 min read
US Economics Weekly Residential loan losses may return to haunt banks Banks were back in the news last week, announcing the largest quarterly increase in net income since the recession began. This was mainly due to the first decline in the value of non-current loans... 6th September 2010 · 1 min read
UK Housing Market Chart Pack Housing market activity in the doldrums (Sep 10) GDP growth in the second quarter was revised up to a healthy-looking 1.2%q/q. But closer inspection reveals the recovery to be worryingly dependent on restocking. Once the process of inventory... 2nd September 2010 · 1 min read
UK Data Response Nationwide House Prices (Aug.) The renewed downturn in house prices signalled by today’s Nationwide index is unlikely to be short-lived. Not only is the market still significantly overvalued on most measures, but the lack of... 2nd September 2010 · 1 min read
UK Data Response Nationwide House Prices (Aug.) The renewed downturn in house prices signalled by today’s Nationwide index is unlikely to be short-lived. Not only is the market still significantly overvalued on most measures, but the lack of... 2nd September 2010 · 1 min read
