UK Housing Market Update No news on mortgage lending restrictions...yet. Today’s Turner Review confirmed that the FSA is actively considering imposing limits on mortgage loan to value or loan to income ratios. Whether or not that is in the economy’s long term interest... 18th March 2009 · 1 min read
UK Housing Market Focus What are auction prices telling us? The price of property sold at auction provides a useful steer on where the true market clearing price might be. It suggests that the market clearing price for residential property might already be... 16th March 2009 · 1 min read
US Economics Weekly Housing no longer over-valued, but prices to continue falling 2nd March 2009 · 1 min read
UK Economics Update Northern Rock won’t transform the mortgage market overnight Although welcome, the resumption of lending by Northern Rock will not transform the mortgage market outlook overnight. However, it is also a sign that the Government is increasingly willing to... 23rd February 2009 · 1 min read
UK Economics Update Northern Rock won’t transform the mortgage market overnight Although welcome, the resumption of lending by Northern Rock will not transform the mortgage market outlook overnight. However, it is also a sign that the Government is increasingly willing to... 23rd February 2009 · 1 min read
UK Housing Market Update Northern Rock won’t transform the mortgage market overnight Although welcome, the resumption of lending by Northern Rock will not transform the mortgage market outlook overnight. However, it is also a sign that the Government is increasingly willing to... 23rd February 2009 · 1 min read
UK Housing Market Focus What is the fair value level for house prices? To our minds, the weight of evidence suggests that the fair value level for house prices is currently in the region of £125,000. For context, that figure is some 17% below the Nationwide’s estimate of... 16th February 2009 · 1 min read
UK Economics Update House price falls to exceed 35% The Nationwide and Halifax indices show that house prices are now almost 20% below their peak, meaning that there is still some way to go before our forecast of a 35% peak-to-trough fall is delivered... 6th February 2009 · 1 min read
UK Housing Market Update House price falls to exceed 35% The Nationwide and Halifax indices show that house prices are now almost 20% below their peak, meaning that there is still some way to go before our forecast of a 35% peak-to-trough fall is delivered... 6th February 2009 · 1 min read
UK Economics Update House price falls to exceed 35% The Nationwide and Halifax indices show that house prices are now almost 20% below their peak, meaning that there is still some way to go before our forecast of a 35% peak-to-trough fall is delivered... 6th February 2009 · 1 min read
UK Housing Market Focus Mortgage arrears and possessions to rise to a record high Thanks to sharply rising unemployment, we expect mortgage arrears to surpass the early 1990s highs. While Government pressure on lenders to be more lenient with struggling households and the... 15th January 2009 · 1 min read
Europe Economics Update Falling house prices add to the gloom in Spain The latest news from Spain shows that the housing market downturn is gaining momentum as the economy enters recession. Further sharp falls over the coming quarters are inevitable and we expect house... 15th January 2009 · 1 min read
UK Housing Market Focus What is the outlook for new-build prices? In contrast to the average homeowner, house-builders’ operational survival directly depends on their ability to sell their properties. Accordingly, house-builders will be more willing to drop property... 22nd December 2008 · 1 min read
UK Housing Market Update Rise in new buyer enquiries needs to be treated with caution At first glance, yesterday brought some rare positive news from the beleaguered housing market. According to the CML, first-time buyers’ share of mortgage lending rose to a three-and-a-half year high... 10th December 2008 · 1 min read
UK Housing Market Update Mortgage payment deferral unlikely to constrain house price falls New measures aimed at limiting the number of people losing their homes are unlikely to bring the housing market correction to an end, let alone bring about a revival. But, they could help to slow the... 4th December 2008 · 1 min read
UK Housing Market Update What do new trackers tells us about the mortgage rate outlook? Although most of the biggest lenders have passed on last week’s 1.5% base rate cut to their standard variable mortgage rates many smaller lenders have not. And the early signs are that the interest... 14th November 2008 · 1 min read
