Housing benefit reform and spending review: how will house prices be affected?
25 Oct 2010 [2 Comments | 889 views]
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 next within the UK housing [...]
Rents soar: is this good or bad for house prices?
18 Oct 2010 [1 Comment | 730 views]
According to data from LSL Property Services, the rent tenants are paying out on their properties has risen for eight months in a row and now stands at an all-time high. It appears that as aspiring first-time buyers find they can’t raise the funds required for them to buy, they rent instead, pushing up rental [...]
House prices set for further falls, suggests RICS index
12 Oct 2010 [0 Comments | 468 views]
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 been wondering, what next? This was rather [...]
Economists warn us not to read too much into biggest fall in house prices
8 Oct 2010 [0 Comments | 301 views]
So, according to the Halifax, house prices saw their biggest monthly fall ever in October. Already economists have queued up to tell us why we must not read too much into the findings. But yesterday saw a comment from an interesting perspective. Fionnuala Earley, she who used to be the housing spokesperson at the Nationwide, [...]
Obama vetoes foreclosures bill putting an end to fast repossession
8 Oct 2010 [0 Comments | 516 views]
As you know Barack Obama is getting himself something of an anti-business reputation at the moment. The critics may well be right, but this week the US president went against Congress and vetoed a new bill on foreclosures that could be seen as anti banks, but on this occasion he was dead right. Read this [...]
House prices see biggest monthly fall on record
7 Oct 2010 [0 Comments | 783 views]
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 of the underlying trend, [...]
FSA and IMF reveal reason why house prices may fall further
7 Oct 2010 [1 Comment | 511 views]
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 be, and what would it [...]
Is the housing market set to flip?
1 Oct 2010 [0 Comments | 1,795 views]
Two pieces of news have developed over the last few days which may collectively point to a surge of new properties coming on the market, while demand crashes. It may be that only one animal can stop a resulting crash in house prices. Item number one: A report out from self-styled retirement specialist LV says [...]
House prices see modest jump in September
30 Sep 2010 [0 Comments | 1,058 views]
The latest housing survey from the Nationwide was out this morning. What with reports from Hometrack, and the Bank of England’s latest news on lending to individuals, it has been a busy few days for gauging the strength of the UK housing market. What does the data say? Actually, the Nationwide data didn’t say much [...]
US house prices key report coming soon
28 Sep 2010 [0 Comments | 297 views]
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 month. In fact, sales in [...]
