US Housing Market Data Response CoreLogic House Prices (Sep.) Annual house price inflation came in at 7% in September according to CoreLogic, as tight market conditions put further upward pressure on home values. However, higher mortgage interest rates, falling... 7th November 2017 · 1 min read
Australia & New Zealand Economics Weekly Housing and the economy The stagnation in house prices in Australia in recent months is a big deal as it means housing won’t support the economy by as much as in recent years. The plunge in the number of home sales will... 3rd November 2017 · 1 min read
UK Housing Market Update Lenders will be quick to pass on today’s rate rise Today’s rise in Bank Rate is likely to be passed on to borrowers in full and in fairly short order. Admittedly, thanks to the popularity of fixed rate mortgages in recent years, many borrowers will... 2nd November 2017 · 1 min read
US Housing Market Data Response Mortgage Applications (Oct.) A rise in mortgage interest rates led to a drop in applications for refinance in October, and low inventory levels are continuing to hit demand for purchase applications. As a result, total mortgage... 1st November 2017 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Oct.) House prices are growing at low single-digit rates. With house prices already high, a rate hike imminent and banks looking increasingly cautious, we think price growth will stay around 2% in 2018. 1st November 2017 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates (Q3) The marginal dip in the seasonally-adjusted homeownership rate in the third quarter is another indication of the impact of low inventory on the housing market. Indeed, the homeowner vacancy remains... 31st October 2017 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Aug.) Case-Shiller reported that annual house price growth exceeded 6% for the first time in over three years in August, even as mortgage applications for home purchase have edged down. Prices are being... 31st October 2017 · 1 min read
Australia & New Zealand Chart Pack Retail sector on the ropes Despite the sustained strengthening in the Australian labour market, retail sales have been unusually weak in recent months. Admittedly, some of this weakness can be explained by weak price pressures... 31st October 2017 · 1 min read
UK Housing Market Data Response Mortgage Lending (Sep.) Mortgage lending edged downwards for a second consecutive month in September. This has partly been driven by the muted economic backdrop. But stalling house price growth and expectations of a rate... 30th October 2017 · 1 min read
UK Housing Market Data Response UK Finance Mortgage Lending (Sep.) Mortgage approvals have held broadly steady for the last two months. And with a November rate rise looking increasingly likely and banks having shown signs of pulling back on riskier lending, mortgage... 25th October 2017 · 1 min read
India Chart Pack Fiscal deficit target under pressure The rapid expansion of the central government’s deficit in the early stages of the fiscal year is a regular occurrence, as revenues tend to get ramped up in latter months. Nevertheless, there are... 24th October 2017 · 1 min read
UK Housing Market Update Has the shortage of homes for sale worsened? Changes in the number of surveyors, seller behaviour and the rise of online agents mean that the fall in homes for sale may be overstated. Our analysis suggests that while the number of homes for sale... 20th October 2017 · 1 min read
UK Housing Market Data Response UK House Price Index (Aug.) The official house price index continues to report house price growth that is rather stronger than the other main indices. But the further slowdown in London house price inflation, which led the... 17th October 2017 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Sep.) The drop in national home sales that began seven months ago resulted in a further slowdown in the rate of annual house price inflation to 11.4% in September, from 13.1%. A sharper slowdown in price... 12th October 2017 · 1 min read
Japan Chart Pack Positive verdict on Abenomics ahead of snap elections The economy is providing a favourable backdrop to Prime Minister Abe’s efforts to be re-elected on 22nd October. Firms are the most upbeat in a generation following a jump in their profits. Job growth... 12th October 2017 · 1 min read
UK Housing Market Data Response Halifax House Prices (Sep.) House price growth accelerated on the Halifax index. But this is at odds with the softer picture reported by the other main indices. Regardless, with real wages being eroded, house prices already so... 6th October 2017 · 1 min read
