UK Commercial Property Update Lending to property will soon go into reverse The rise in net lending to real estate over the past couple of months may reflect some investors looking to buy commercial property assets at discounted prices. But a repeat of the mid-2000s, when... 9th December 2022 · 3 mins read
US Housing Market Data Response Mortgage Applications (Nov.) A fall in mortgage rates from recent 20-year highs helped home purchase applications rise for the first time in eight months in November. However, while we expect mortgage rates to continue to trend... 7th December 2022 · 2 mins read
UK Housing Market Update Lower Bank Rate path won’t prevent repricing As we now think Bank Rate will peak at 4.50% next year as opposed to 5.00%, mortgage rates will be a bit lower in 2023. But ultimately, the surge in mortgage rates over the past year will leave the... 30th November 2022 · 5 mins read
UK Commercial Property Data Response Lending to commercial property (Oct.) Falling capital values have not yet deterred commercial property investors, with net lending to property increasing for the second month in a row in October. Bargain hunters may have given lending a... 29th November 2022 · 3 mins read
UK Housing Market Data Response Mortgage Lending (Oct.) Rocketing mortgage rates led to a sharp drop in mortgage approvals in October. While quoted mortgage rates have peaked they are unlikely to fall much below 5% next year, keeping the cost of buying... 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
US Housing Market Update How will banks respond to falling house prices? Banks are likely to tighten credit conditions over the next year to protect themselves from house price falls. But their more cautious approach to lending in this cycle means we don’t think they will... 23rd November 2022 · 3 mins read
UK Housing Market Update BTL investors face severe financial squeeze The record-low yields on rental properties and fall in house prices we forecast imply poor returns for Buy-to-Let landlords over the next few years. Moreover, the jump in mortgage rates means a... 23rd November 2022 · 4 mins read
US Commercial Property Data Response Commercial Property Lending (Oct.) CRE lending saw a surprise uptick in growth in October following a rebound in the multifamily sector, although net lending remains below the average for this year. Despite the bounce-back this month... 14th November 2022 · 3 mins read
US Housing Market Data Response Mortgage Applications (Oct.) On the back of a rise in mortgage rates to above 7%, home purchase applications took another step down in October. That points to further declines in home sales in the coming months. With mortgage... 2nd November 2022 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Sep.) Mortgage approvals fell in September as buyers began to adjust to rising interest rates. With further rate rises likely in the coming months, we expect this downward trend to continue and for lending... 31st October 2022 · 3 mins read
UK Commercial Property Data Response Lending to commercial property (Sep.) Net lending to commercial property was positive in September but, looking through the monthly volatility, there is a clear downward trend in lending. With the economy entering a recession and property... 31st October 2022 · 3 mins read
US Commercial Property Data Response Commercial Property Lending (Sep.) CRE lending growth slowed significantly in September, with both multifamily and other commercial sectors seeing the smallest rise in outstanding debt for at least six months. We expect the rate of... 17th 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 Credit Conditions Survey (Q3 2023) The Q3 credit conditions survey doesn’t capture the impact of the market turmoil of recent weeks, with the deadline for responses falling a week before the “mini-budget”. Nonetheless, it shows rising... 13th October 2022 · 3 mins read
US Housing Market Data Response Mortgage Applications (Sep.) The sixth consecutive month of falling home purchase activity in September was driven by a sharp rise in mortgage rates to 6.75% at the end of the month. With a significant easing in credit conditions... 5th October 2022 · 2 mins read