UK Housing Market Update House prices start to fall: your questions answered Following the Nationwide data showing a larger-than-expected fall in house prices in November, we hosted an online Drop-In on 1st December to discuss how far prices could fall and what the downturn... 2nd December 2022 · 4 mins read
UK Housing Market Data Response Nationwide House Prices (Nov.) The 1.4% m/m drop in house prices in November was far larger than anyone expected, raising the risk that prices fall more rapidly and further in response to high mortgage rates than we forecast. 1st December 2022 · 2 mins read
US Housing Market Data Response Case-Shiller/FHFA House Prices (Sep.) A deterioration in affordability helped the Case-Shiller house price index to fall for the third consecutive month in September. The FHFA reported a small rise in prices, but we think more falls are... 29th November 2022 · 3 mins read
Event Drop-In: UK house prices go over the edge – how far will they fall? 1669888800 Chief Property Economist Andrew Burrell and Andrew Wishart, who leads our UK housing coverage, held a briefing on the shape of the coming downturn i
UK Housing Market Data Response RICS Residential Market Survey (Oct.) The October RICS Residential survey showed that the spike in quoted mortgage rates to over 6%, a level last seen in 2008, has triggered a collapse in buyer demand comparable to that seen in the... 10th November 2022 · 3 mins read
US Housing Market Outlook Sales to slump and prices to fall We expect mortgage rates will hold close to 7% over the remainder of the year, leaving affordability at its worst since 1985. That will lead to another sharp fall in activity. As the economy dips into... 8th November 2022 · 18 mins read
UK Housing Market Data Response Halifax House Prices (Oct.) The 0.4% m/m fall in house prices reported by Halifax backs up the data from Nationwide that house price falls are becoming entrenched. Surging mortgage interest rates have flattened demand, as many... 7th November 2022 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Oct.) The jump in mortgage interest rates is now being felt in house prices, with Nationwide reporting the first month-on-month fall since July 2021. House prices are now set to stay on a sustained downward... 1st November 2022 · 2 mins read
UK Housing Market Outlook Spike in mortgage rates to trigger price correction The jump in market interest rates following the ill-advised “mini” budget has forced quoted mortgage rates up to over 5%, a level not seen since 2009. That will turn the slowdown in demand already... 31st October 2022 · 25 mins read
US Housing Market Data Response Case-Shiller/FHFA House Prices (Aug.) Both Case-Shiller and the FHFA reported an acceleration in month-on-month house price falls in August. With mortgage rates rising to a 20-year high in October and the economy set to enter a recession... 25th October 2022 · 2 mins read
US Housing Market Chart Pack House prices begin to fall A deterioration in the economic outlook and renewed rise in mortgage rates to a 16-year high in September means the housing market is set for a further slowdown. We estimate that mortgage payments as... 14th October 2022 · 10 mins read
UK Housing Market Data Response RICS Residential Market Survey (Sep.) While optimists can still point to limited supply, a fifth consecutive drop in new buyer enquiries in the RICS survey in September has convinced a majority of surveyors that house prices are heading... 13th October 2022 · 3 mins read
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
