UK Housing Market Update Will Lenders Trip Over the Mortgage Funding Gap? The fact that lenders face a prospective funding gap equivalent to a quarter of the outstanding stock of mortgage debt only strengthens our view that a second leg to the housing market correction lies... 15th February 2010 · 1 min read
UK Housing Market Data Response CML Buy-To-Let Lending (Q4) It is still early days, but our prediction last month that April would be the high water mark for house price inflation appears to have been borne out. For now, house prices continue to rise, but... 11th February 2010 · 1 min read
UK Housing Market Data Response Mortgage Arrears and Possessions (Q4) 11th February 2010 · 1 min read
UK Housing Market Update A last hurrah for mortgage interest rates? Even if official interest rates remain at 0.5% this year as we expect, with lender’s margins under pressure, competition for retail funds still strong and regulatory costs more likely to rise than... 10th February 2010 · 1 min read
US Housing Market Focus A double-dip in house prices would not be a disaster The US government’s support for first-time buyers may not have boosted housing activity by as much as has been suggested. The good news is that this means more of the recovery is based on fundamental... 4th February 2010 · 1 min read
US Economics Focus A double-dip in house prices would not be a disaster 4th February 2010 · 1 min read
UK Data Response Halifax House Price Index (Jan) Halifax data for January confirmed that the housing market upturn was extended into 2010, but also indicated that it may be losing steam. Indeed, prices rose at their slowest rate since June... 4th February 2010 · 1 min read
UK Data Response Nationwide house prices (January) The upward momentum in house prices evident at the end of last year was extended into January. Indeed, the Nationwide house price index rose at its fastest rate for four months. But with each rise... 29th January 2010 · 1 min read
UK Housing Market Focus Recovery or relapse in the housing market? Given our views that the labour market shake-out has some way to go, we believe that house prices will suffer a relapse in 2010. Our central forecast is for prices to fall by 10% taking them back to... 22nd January 2010 · 1 min read
UK Housing Market Update Affordability – why the different messages? According to the CML, aside from a brief period in 1996, mortgage affordability is the best on record. By contrast, our own measure of affordability is only in line with its long-run average and is no... 20th January 2010 · 1 min read
