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
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.
Posted Nov 09, 2010
The evidence for further falls in house prices...Read More
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
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
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 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
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...
Posted Oct 07, 2010
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
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
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