UK Housing Market Data Response Land Registry Repeat Sales Index (Sep.) The second consecutive monthly drop in the Land Registry measure of house prices is further evidence that the devaluation is becoming more embedded. The fact that house prices are still overvalued... 28th October 2010 · 1 min read
UK Data Response Nationwide House Prices (Oct.) The Nationwide house price index fell for the third time in four months in October. As such, the data suggest that the key question facing the market is no longer “Will house prices fall?” but rather... 28th October 2010 · 1 min read
US Data Response Durable Goods Orders & New Home Sales (Sep.) September's durable goods orders suggest that the industrial recovery is nearing extinction. With the housing market still in no fit state to pick up the baton of growth, the economy is going to... 27th October 2010 · 1 min read
US Data Response Cons. Confidence (Oct.) & House Prices (Aug.) The rebound in equity prices has started to boost consumer confidence, but further gains could be limited by a renewed slide in house prices. Households are unlikely to be in the mood to spend for... 26th October 2010 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Sep.) The most recent lending data from the BBA showed that the contraction in mortgage lending continued in September. With confidence in the outlook for the housing market still very weak, among lenders... 25th October 2010 · 1 min read
UK Housing Market Focus Is UK mortgage affordability worse than other countries? Intuitively, one might expect the high population density and apparent structural undersupply of housing in the UK to mean that we have historically spent a higher proportion of our earnings on... 21st October 2010 · 1 min read
UK Housing Market Update Will landlords gain most from the Spending Review? Today’s Spending Review was never going to be good for the housing sector. The target for 150,000 new affordable homes to be built over the next four years represents a cut of almost 30% in affordable... 20th October 2010 · 1 min read
US Housing Market Outlook Not out of the woods yet A double-dip in both housing activity and prices is underway. Prices are likely to fall for the next 12 months, while activity will remain weak for at least three years. 19th October 2010 · 1 min read
Europe Economics Update Housing revival unlikely to drive a consumer recovery There are early signs of a revival in euro-zone housing markets. Even in the periphery, the housing market seems to have passed its worst, which on the face of it, may provide some relief to consumers... 19th October 2010 · 1 min read
US Data Response Prices start to fall back (Oct 10) House prices have started to fall back in response to the plunge in sales seen since the homebuyer tax credit expired in April. Both the Case-Shiller and FHFA indices showed prices fell in July. (See... 18th October 2010 · 1 min read
US Housing Market Chart Pack Prices start to fall back House prices have started to fall back in response to the plunge in sales seen since the homebuyer tax credit expired in April. Both the Case-Shiller and FHFA indices showed prices fell in July. (See... 13th October 2010 · 1 min read
US Economics Update Prices start to fall back (Oct 10) House prices have started to fall back in response to the plunge in sales seen since the homebuyer tax credit expired in April. Both the Case-Shiller and FHFA indices showed prices fell in July. (See... 13th October 2010 · 1 min read
UK Housing Market Update What is happening to mortgage credit conditions? While mortgage credit conditions are improving for the most credit-worthy borrowers, secured lending criteria remain exceptionally tight for the broader market. 13th October 2010 · 1 min read
UK Housing Market Data Response RICS Housing Survey & CLG House Prices (Sep/Aug) There was some better news in September’s RICS housing market survey, but not much as rising new instructions and a lack of buyers combined to push both house prices and house price expectations lower... 12th October 2010 · 1 min read
UK Data Response Halifax House Prices (Sep.) The hefty drop in the Halifax measure of house prices adds weight to the view that house price weakness is far from over. To our minds, weak housing market activity indicators mean that further falls... 7th October 2010 · 1 min read
UK Housing Market Update What is the outlook for affordable house-building? Affordable house-building faces significant headwinds. As well as problems of economic viability, the fiscal squeeze is already weighing on starts in the affordable housing sector. These challenges... 6th October 2010 · 1 min read
