UK Housing Market Data Response BBA Mortgage Lending (Mar.) The weakness of mortgage lending in March seems increasingly hard to explain by one-off or temporary factors. Yet it does fit with evidence that the labour market has begun to weaken again and that... 27th April 2010 · 1 min read
UK Housing Market Data Response RICS Housing Survey & CLG House Prices (Mar/Feb) The message from March’s RICS survey is that the housing market recovery has stalled. The forward-looking balances, in particular, did nothing to alter our view that 2009’s rise in house prices will... 13th April 2010 · 1 min read
UK Data Response Halifax House Prices (Mar.) Surveys of house price expectations, although weakening, are yet to signal the renewed falls that we are forecasting for the second half of this year. However, their record in anticipating price... 8th April 2010 · 1 min read
UK Data Response Nationwide House Prices (Mar.) February’s surprise drop in the Nationwide house price index was not repeated, suggesting that the recovery in house prices still has some life. However, with mortgage lending remaining subdued in... 30th March 2010 · 1 min read
UK Data Response Mortgage Lending (Feb.) Surveys of house price expectations, although weakening, are yet to signal the renewed falls that we are forecasting for the second half of this year. However, their record in anticipating price... 29th March 2010 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Feb.) With January’s slump in housing market activity showing little sign of being reversed and both the labour market and affordability deteriorating, February’s fall in the Land Registry house price index... 26th March 2010 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Feb.) Mortgage lending remained in the doldrums in February. While a strong rebound in March cannot be ruled out, the data raise further question marks about whether January’s dip reflected one-off factors... 23rd March 2010 · 1 min read
UK Housing Market Data Response FSA Mortgage Lending Statistics (Q4) There was good news and bad news in the latest FSA lending data. On a positive note, arrears and possessions both fell in 2009Q4. But the data on mortgage lending criteria offered little encouragement... 16th March 2010 · 1 min read
UK Housing Market Data Response RICS Lettings Survey (Jan.) According to the RICS, downwards pressure on rents is easing thanks to a reduced level of competition for lettings. But, unlike respondents to this survey, we are sceptical that the fall in supply... 16th March 2010 · 1 min read
UK Housing Market Data Response Mortgage Lending (Jan.) House prices rose in July, reversing some of the recent falls. But this does not alter our view that prices are set for a period of considerable weakness in the remainder of this year and into 2011. 1st March 2010 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Jan.) With January’s slump in housing market activity showing little sign of being reversed and both the labour market and affordability deteriorating, February’s fall in the Land Registry house price index... 26th February 2010 · 1 min read
UK Data Response Nationwide House Prices (Feb.) It is still early days, but our prediction last month that April would be the high water mark for house price inflation appears to have been borne out. For now, house prices continue to rise, but... 26th February 2010 · 1 min read
UK Housing Market Data Response CML Buy-To-Let Lending (Q4) It is still early days, but our prediction last month that April would be the high water mark for house price inflation appears to have been borne out. For now, house prices continue to rise, but... 11th February 2010 · 1 min read
