House prices fall again, but bulls point to falling supply and bears point to falling wages

The last few days have seen the latest reports on house prices and mortgage lending from Hometrack and the Bank of England, and as of this morning, the Nationwide. And this is what they have said.

Well, it won’t surprise you to learn that it’s not pretty. Hometrack had house...Read More

House price crash continues, but may come to halt next year

The latest survey from the Royal Institution of Chartered Surveyors (RICS) was out this morning, and this time the evidence from this most reliable of surveys points to strong falls in the months ahead, but a possible reversal next year.
The evidence for further falls in house prices...Read More

Posted Nov 09, 2010

Housing benefit reform and spending review: how will house prices be affected?

And so it is that the fallout from the spending review continues. Now the talk is that changes to housing benefit will force almost 200,000 Londoners to move away from the capital. Meanwhile, other aspects of the spending review are creating a new wave of speculation on what will happen...Read More

Posted Oct 25, 2010

Wages rise, but still lag way behind inflation

At first glance it seems like we had good news on wages. Sure, wage inflation is lagging behind consumer inflation, so we are, on average, getting worse off. But at least August saw a big improvement on July. There is a snag, however. Drill in, and you find that that...Read More

Posted Oct 14, 2010

House prices set for further falls, suggests RICS index

In the wee small hours this morning, the latest housing survey from the Royal Institution of Chartered Surveyors (RICS) was released, this one covering September. What with Halifax earlier this month recording the biggest monthly fall ever in house prices, analysts, commentators and just about everyone else have...Read More

Posted Oct 11, 2010

House prices see biggest monthly fall on record

House prices fell by no less than 3.6 per cent in September, according to the Halifax survey out this morning.

Lloyds Banking Group, which as you know owns the Halifax these days, immediately jumped to the defence. Martin Ellis, its housing economist said: “Looking at quarterly figures – a better measure...Read More

Posted Oct 07, 2010

FSA and IMF reveal reason why house prices may fall further

Two pieces of evidence have broken in the last few days to suggest house prices remain precarious. And we reveal these bits of evidence below. But we want you to consider this scenario, too. Suppose house prices just keep falling, but mortgage availability gets worse, too. What level would bottom... Read More Posted Oct 07, 2010

US house prices key report coming soon

Later today will see the latest US house price stats from Case-Shiller. Four weeks ago the 20-City House Prices index was still positive – up 1 per cent in June. But recent data indicated that US new home sales in August stayed at the same record low set the previous...Read More

Posted Sep 28, 2010

House prices falling: down, but not out, says RICS

Of all the reports looking into house prices, the survey from the Royal Institution of Chartered Surveyors (RICS) is the big one. This morning the latest survey was out, and once again it revealed fascinating findings.

Of course, house prices are set to tumble, or so suggests the report, but...Read More

Posted Sep 14, 2010

First time buyers have never had it so good - Well at least that's true if you turn a blind eye to little things like facts

Oh what joy. Apparently, affordability has returned to the housing market. It’s down to cheap interest rates. The cost of mortgage payments as a percentage of income is now half the level seen in 2007, gushed the Halifax. And those silly first-time buyers; despite this, only 35 per cent are...Read More

Posted Aug 23, 2010

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