US Housing Market Outlook Slow recovery in sales and further falls in prices Housing market activity is likely to recover only gradually from its current lows, which means we think 2023 will be the weakest year for sales since 2012. Affordability will remain stretched by past... 10th February 2023 · 18 mins read
US Housing Market Data Response Mortgage Applications (Jan.) The sharp rise in mortgage applications in January adds to the evidence that housing demand has bottomed out. As mortgage rates continue to trend lower and house prices fall a further 6%, we expect... 1st February 2023 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Dec.) A further slump in mortgage approvals in December, to the lowest level since the height of the pandemic, confirmed that the extremely high cost of mortgage borrowing has caused more buyers to withdraw... 31st January 2023 · 3 mins read
UK Commercial Property Data Response Lending to commercial property (Dec.) Even as investors have pulled back from the market, net lending to property remained positive in December. That may reflect some distressed borrowing as investors looks to boost liquidity in the face... 31st January 2023 · 3 mins read
UK Housing Market Update Fixed-rate loans delay and reduce effect of higher rates The shift away from floating-rate to fixed-rate mortgages presents risks as well as benefits. It will protect homeowners who are lucky enough to have a long time remaining on their fixed rate contract... 30th January 2023 · 3 mins read
US Housing Market Chart Pack Signs of a trough in housing demand There are growing signs that housing market activity may be close to a trough. The decline in mortgage rates over the past couple of months has led to a small improvement in affordability and a rise... 12th January 2023 · 9 mins read
Event Property Drop-In: How bad will it get for the UK and euro-zone in 2023? 1673946000 After post-pandemic property rallies hit the skids last year, what will 2023 bring for UK and euro-zone markets?
US Housing Market Data Response Mortgage Applications (Dec.) A second consecutive increase in home purchase applications in December suggests that declining mortgage rates have allowed buyer demand to bottom out. Indeed, as we expect mortgage rates to continue... 4th January 2023 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (Nov.) Net lending to property accelerated in November to an 11-month high. But given the worsening economic and property outlook we expect it will soon go into reverse. Indeed, investment activity is now... 4th January 2023 · 3 mins read
UK Housing Market Data Response Mortgage Lending (Nov.) The impact of the surge in mortgage rates following the “mini” budget on 23rd September was realised in November as mortgage approvals collapsed. The modest drop back in fixed mortgage rates since... 4th January 2023 · 3 mins read
UK Housing Market Data Response Mortgage Lenders and Administrators Return (Q3 22) The detailed mortgage lending data for Q3 show that demand was resilient to rising mortgage rates at first. Loan-to-income ratios crept up despite rising financing costs. But with interest rates on... 13th December 2022 · 3 mins read
US Commercial Property Data Response Commercial Property Lending (Nov.) CRE lending grew solidly again in November, at a rate close to the six-month average, with other commercial sectors picking up the slack from slower growth in multifamily lending. Although lending... 12th December 2022 · 2 mins read
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
