UK Housing Market Data Response Mortgage Lending (Jun.) While there is evidence of lenders successfully taking market share, overall growth in house purchase mortgage lending is muted. Looking ahead, with Brexit uncertainty likely to pick up again later... 29th July 2019 · 2 mins read
UK Housing Market Update Will the fall in transactions be sustained? Transactions fell sharply in June, but leading indicators suggest that the decline probably won’t be sustained. Indeed, assuming a no deal Brexit is avoided, we think housing transactions will fall by... 25th July 2019 · 3 mins read
UK Housing Market Data Response UK Finance Mortgage Lending (Jun.) According to UK Finance, house purchase mortgage approvals saw a small increase in June. But even assuming a Brexit deal is agreed, we don’t expect to see a sustained recovery in mortgage approvals... 24th July 2019 · 2 mins read
UK Housing Market Outlook Limited housing market recovery next year Regardless of the Brexit outcome, we don’t expect a rebound in either house prices or transactions in 2019. Rather, there is hope of a modest improvement in housing market activity in both 2020 and... 22nd July 2019 · 30 mins read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q2) Lenders reported a drop in mortgage availability in Q2. And while that decline is expected to reverse in Q3, we doubt that will translate into a rebound in mortgage lending. Meanwhile, credit... 18th July 2019 · 3 mins read
UK Housing Market Data Response RICS Residential Market Survey (Jun.) New buyer enquiries saw its first meaningful rise in over two years, but it’s too soon to call a housing market recovery. Indeed, the pick-up was partly driven by London and the South of England... 11th July 2019 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Jun.) and Housebuilding (Q1) While house prices edged down in June, the Halifax index is still an outlier compared to the other main indices. Meanwhile, housing starts cooled in Q1. Looking ahead we expect the market to stay weak... 5th July 2019 · 2 mins read
UK Housing Market Update Weak PMIs don’t herald housebuilding slump The construction PMI fell sharply in June, but we doubt that housing starts will see a comparable decline. However, with Help-to-Buy due to be pared back, we do expect a small fall in housebuilding... 3rd July 2019 · 3 mins read
US Housing Market Data Response Mortgage Applications (Jun.) Mortgage applications surged in June, as existing borrowers took advantage of declining mortgage interest rates. Meanwhile, house purchase applications also rose, but only modestly. Looking ahead, we... 3rd July 2019 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Jun.) According to the Nationwide, house price growth was very subdued June. And while the Brexit outcome is as uncertain as ever, the already high level of house prices suggests a rebound in the housing... 2nd July 2019 · 2 mins read
UK Housing Market Data Response Mortgage Lending (May.) With house purchase lending falling gently in May, there is no sign of a rebound in the housing market. Indeed, with renewed Brexit uncertainty likely in the coming months, we expect house purchase... 1st July 2019 · 2 mins read
UK Housing Market Focus Can house prices boom again? In recent decades, falling mortgage interest rates have allowed home buyers to borrow more relative to their incomes. But that support for house prices has now been exhausted. Indeed, our long-run... 14th March 2019 · 1 min read
