UK Housing Market Data Response Halifax House Prices (Sep.) The 0.1% monthly fall in the Halifax house price index in September echoed the message from Nationwide earlier this week that house prices have now stalled. Given the sharp rise in mortgage rates over... 7th October 2022 · 2 mins read
US Housing Market Update House prices to fall by 8% Against a backdrop of higher mortgage rates, a weaker economy and prices falling earlier than expected, we have cut our forecast and now expect a peak-to-trough fall in house prices of 8%, down from... 6th October 2022 · 3 mins read
UK Housing Market Data Response Nationwide House Prices (Sep.) The stall in house prices in September was little surprise given the growing downward pressure on demand from rising mortgage rates. We suspect that, despite the reduction in stamp duty announced last... 30th September 2022 · 2 mins read
US Housing Market Data Response Case-Shiller/FHFA & New Home Sales (Jul./Aug.) The fall in prices reported by the FHFA in July supports our view of a sustained decline over the next 12 months. With mortgage rates rising to above 6% in September, we think it is only a matter of... 27th September 2022 · 2 mins read
UK Housing Market Update Higher rates make price falls even more likely The upward revision to our Bank Rate forecast means that mortgage rates will rise further and faster than we previously envisaged, to a peak of 4.7% in March. The resulting higher cost of mortgage... 21st September 2022 · 3 mins read
London Housing Markets Chart Pack Pandemic trends intact as outlook darkens London house prices and transactions have proven resilient to the headwinds of the cost-of-living crisis and rising mortgage rates so far. House price growth in London rose to 7.2% y/y in Q2, the... 13th September 2022 · 7 mins read
US Housing Market Chart Pack House price growth expectations turn negative Stretched affordability continued to weigh on housing market activity in July and August, leaving mortgage applications for home purchase down by 40% from their high in January. A renewed rise in... 9th September 2022 · 12 mins read
UK Housing Market Update Fiscal package will not prevent house price falls PM Liz Truss’ fiscal package will limit the size of the forthcoming recession, but that may force the Bank of England to raise rates further to get inflation back to target in the medium term. As a... 8th September 2022 · 5 mins read
UK Housing Market Data Response Halifax House Prices (Aug.) The modest 0.4% rise recorded by Halifax in August confirms that house prices have continued to increase despite the sharp increases in mortgage rates we have seen so far and growing pressure on... 7th September 2022 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Aug.) The solid 0.8% m/m increase in house prices in August suggested that house prices managed to retain some positive momentum despite growing pressure on households’ finances. But the drag on demand from... 1st September 2022 · 2 mins read
US Housing Market Data Response Case-Shiller/FHFA House Prices (Jun.) House price growth hit the buffers in June, with Case-Shiller and FHFA reporting a sharp slowdown in month-on-month gains. Higher mortgage interest rates have stretched affordability and cut housing... 30th August 2022 · 3 mins read
UK Housing Market Update Will prime central London outperform? Prime central London (PCL) house prices have underperformed even disappointing wider London trends over recent years. But the latest data have been more encouraging and with prime buyers less exposed... 23rd August 2022 · 3 mins read
