Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Wednesday, October 31, 2007
UK House Prices Remain stubbornly Robust Despite Weakening Demand / Housing-Market / UK Housing
By: Nationwide
House prices rose strongly in October, but underlying market activity is clearly slowing- Although demand is weakening, existing homeowners appear in no rush to sell
- New buy-to-let landlords will need a long investment horizon to realise good returns
Monday, October 29, 2007
UK Mortgage Approvals Slump and House Prices Register First Fall for Two Years / Housing-Market / UK Housing
By: Nadeem_Walayat
The Bank of England revealed today that the credit crunch resulted in a sharp drop in mortgage approvals during September 2007, falling to a 2 year low of 102,000 loans down from 108,000 loans in August 2007. The trend is expected to continue as surging repossessions result in more bad debt provisions and hence tighter borrowing requirements going forward. The credit crunch has seen the LIBOR rate (the rate at which Banks lend to one another) surge from 5.4% a year ago to more than 6.5% during September, with little reduction since.Read full article... Read full article...
Sunday, October 28, 2007
UK House Prices - Primary Reasons For a Sharp Fall / Housing-Market / UK Housing
By: Nadeem_Walayat
The Market Oracle expectations are for the UK housing market to fall by 15% over the next two years. However this decline is not expected to be a gradual trend but rather periods of stagnation punctuated by sharp falls which could be of more than 5% in a single quarter! Therefore this article looks at the primary driving forces that could lead to sharp falls in the UK housing market.Read full article... Read full article...
Friday, October 19, 2007
Where have all the mortgages gone?– 40% less products available than three months ago! / Housing-Market / UK Housing
By: MoneyFacts
Julia Harris, Mortgage Expert at Moneyfacts.co.uk – the leading independent financial comparison site, comments:“The mortgage market saw an extremely buoyant start to 2007, both in terms of the number of products to choose from – growing 22% in the first six month, but also as new lenders had recently entered the market and existing players explored new lending areas. But since its peak in July, products have been flying off the shelves.Read full article... Read full article...
Wednesday, October 17, 2007
The Truth About UK Property – A Stretch Too Far / Housing-Market / UK Housing
By: Sarah_Jones
UK House prices have trebled over the last 10 years and analysts are debating whether this is the top of the market and what will happen to the value of people's homes. Getting a foothold, and staying, on the property ladder has never been so difficult. Whether it's buying, selling, renting or simply keeping up with the mortgage payments, nobody seems to know the right thing to do. Now Andrew Verity, BBC Radio 5 Live's Business and Finance expert, travels around the UK to explore the issues surrounding the property market in a bid to tell The Truth About Property. Read full article... Read full article...
Wednesday, October 17, 2007
IMF Awakens to Possibility of UK House Price Crash / Housing-Market / UK Housing
By: Nadeem_Walayat
The International Monetary Fund (IMF) warned that the UK Housing market could slump due to the impact of the ongoing credit crunch.Read full article... Read full article...
Thursday, October 11, 2007
UK House Prices Fall by Fastest Pace in 2 Years as Housing Market Slump Gathers Pace / Housing-Market / UK Housing
By: Nadeem_Walayat
The Royal Institute of Surveyors (RICS) monthly report shows house prices fell for a second consecutive month and are falling at their fastest pace in over 2 years, with 14.6% of surveyors reporting a fall in UK house prices.Read full article... Read full article...
Tuesday, October 09, 2007
Wanted: Prime Suspect of Housing Market Murder / Housing-Market / US Housing
By: EWI
Helen Mirren accepted her Emmy award for best actress in the mini-series, "Prime Suspect" with elegance and grace. Just the opposite of the tough detective superintendent character she plays who tracks down murder suspects in England. Who would Jane Tennison pick out as the prime suspect for the murder of the U.S. housing market and the resulting gruesome credit crunch?Read full article... Read full article...
Tuesday, October 09, 2007
Britain's Subprime Mortgage Lending Industry Revealed - BBC Panorama Online Video Documentary / Housing-Market / Subprime Mortgage Risks
By: Sarah_Jones
The BBC's flagship documentary programme, Panorama investigates the blatant abuses and fraud that has taken place in the Britain's own Subprime mortgage market, which is primed for a crash US style. Watch the programme now online. Read full article... Read full article...
Sunday, October 07, 2007
US Homebuilders in Desperation As Housing Bust Continues / Housing-Market / US Housing
By: David_Shvartsman
If you've been keeping an eye on the news in the U.S. at all these past few months, you know that the situation in housing has continued to deteriorate, despite the much too early bottom calling from industry spokespeople, vapid "economists", and the media's talking heads.We've reached the "bust" portion of this particular boom-bust cycle, and with each passing week there are new stories to fill in the picture of the real estate market's decline.
Read full article... Read full article...
Thursday, October 04, 2007
UK Regional House Price Growth Sags In The Middle / Housing-Market / UK Housing
By: Nationwide
- Weakest annual house price growth recorded in the Midlands
- Strong performance in London continues to widen the North-South gap
- Average house price in London breaks £300,000 barrier
- House price forecasts remain on track in most UK regions
- London first-time buyers won’t benefit from £250,000 stamp duty threshold
Friday, September 28, 2007
Credit Crunch Starting to Bite the Buy to Let Housing Sector / Housing-Market / UK Housing
By: MoneyFacts
Julia Harris, Mortgage Expert at Moneyfacts.co.uk – the money search engine, comments: “While the prime residential sector has so far been largely unaffected by the sub prime crisis, the buy-to-let sector is beginning to show signs reminiscent of the subprime market over the last few weeks with tightening credit criteria, the withdrawal of products and rising fees.Read full article... Read full article...
Friday, September 28, 2007
US Housing Decline to Continue and Commodities Prices Headed Much Higher / Housing-Market / US Housing
By: Emanuel_Balarie
This past weekend, I went into my local bookstore and saw Alan Greenspan's The Age of Turbulence prominently displayed in front of the store. When Alan Greenspan retired, just over a year ago, CNBC auctioned off a painting of the former head of the Federal Reserve, and financial pundits around the world were lauding his achievements. Unfortunately, as I read the news surrounding housing, our economy, inflation, and the dismal outlook for the US dollar, I cannot understand why most people view him as such a prominent economist.Read full article... Read full article...
Thursday, September 27, 2007
UK House Prices Appear to Shrug Off Credit Crunch in September / Housing-Market / UK Housing
By: Nationwide
- House prices defied gloomy expectations and showed another gain in September
- But the trend growth of house prices is now the lowest since July 2006
- Credit conditions are now clearly tightening for leveraged borrowers
- The interest rate outlook has shifted from hawkish to dovish, which could provide some welcome relief to homeowners next year
Tuesday, September 25, 2007
UK Housing Market on Brink of Price Crash - Media Lessons from 1989! / Housing-Market / UK Housing
By: Nadeem_Walayat
The UK Housing market is teetering on the brink of a crash led by the buy to let sector investors jumping ship. But the messages coming from the major banks and UK central bank are still benign. In many ways the situation is reminiscent of the initial stages of the the early 1990's property bust, which was also accompanied by soothing statements that ignored the facts on the ground as this article will illustrate.Read full article... Read full article...
Tuesday, September 25, 2007
Global Housing Markets Burst As Risk is Being Repriced - Fingers of Instability, Part 7 / Housing-Market / Liquidity Bubble
By: Ty_Andros
In This Issue – 6 Fingers
- Federal Reserve and G7 Central Banks See The “FACE OF GOD”
- Unintended Consequences
- The 11% Solution, aka “Locusts”
- Under The Stealth of The Headlines!
- China and The Dollar!
- Important Conclusions
What's unfolding in the world of finance and economics is extremely interesting. As financial authorities try and contain the growing financial turmoil, illusions abound and thus confusion reins supreme. Confusion and uncertainty are the markets' worst enemy. This week we witnessed many things which have occurred very rarely in history and the response to them set in motion a game of dominoes which will be interesting to watch unfold. The “Fingers of Instability” are cascading through the financial system and where they ultimately leave us is at an opportunity of epic proportions.
Read full article... Read full article...
Thursday, September 13, 2007
UK House Price Fall Signals Start of Housing Market Crash / Housing-Market / UK Housing
By: Nadeem_Walayat
UK House prices fell in August, which is for the first fall in prices since 2005. The Royal Institution of Chartered Surveyors (RICS) stated that this was the first fall since October 2005, which coincided with a temporary lull in the UK interest rates raising cycle during 2005. Since which time UK interest rates have increased by a further 1.25%, and mortgage interest rates much further.Read full article... Read full article...
Tuesday, September 11, 2007
Housing and Credit Bubbles - Why the Fed is Such a Lousy Wizard of Oz / Housing-Market / Liquidity Bubble
By: EWI
Susan C. Walker of Elliott Wave International write: Central bankers who "follow the yellow brick road" end up in Jackson Hole, Wyoming, every Labor Day weekend for their annual symposium sponsored by – who else? – the Kansas City Fed. (Who can forget Judy Garland saying to her little dog, "Toto, I've got a feeling we're not in Kansas anymore," in the 1939 movie, The Wizard of Oz ?)Read full article... Read full article...
Saturday, September 08, 2007
250,000 UK Fixed Rate Mortgages to Reset 3pcent Higher This Winter / Housing-Market / UK Housing
By: Nationwide
Nationwide reveals that over 250,000 borrowers will see their two year fixed rate mortgage mature between October and December 2007 and are likely to see their average monthly payments increase by around £200* per month as lenders start to charge them their standard variable rate.Read full article... Read full article...
Friday, September 07, 2007
US Housing Market Subprime Crash Too Big To Be Bailed Out / Housing-Market / Subprime Mortgage Risks
By: Peter_Schiff
Now that home mortgage defaults are spreading like wildfire from coast to coast, there is a growing sense of certainty that the government will attempt to bail out homeowners and lenders. The ideas put forward last week by President Bush may be the camel's nose pushing under the bottom of the tent. However, just as some things are too big to fail, this problem is far too big to fix.Read full article... Read full article...