Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Monday, June 29, 2009
UK Average Fixed Rate Mortgage Interest Rate Hits 6.00% / Housing-Market / Mortgages
By: MoneyFacts
The rising cost of fixed rate mortgages continues as the average five year fixed rate mortgage today hits 6.00%, the highest level since 22 December 2008.
In the last month the average five year fixed has increased by 0.43%, while the average two year fixed has increased by 0.41% to 5.08%.
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Tuesday, June 16, 2009
How Does an Excess Supply of Houses Get Remedied? / Housing-Market / US Housing
By: Paul_L_Kasriel
By allowing prices to fall and by cutting production. This remedy applies to everything from hods to houses. It is well documented that the prices of houses have plummeted. What may be less well known is that newly-started production of single-family homes has come back into equilibrium with the sales of new single-family homes - at least through April.
Sunday, June 14, 2009
U.S. Housing Market Crash, "I'm Trapped In My House" / Housing-Market / US Housing
By: Mike_Shedlock
In response to Median Home Prices In Detroit Fall To $6,000 I received the following from "GD" who feels literally trapped in his house.
Saturday, June 13, 2009
Median U.S. House Prices Crash To $6,000 in Detroit / Housing-Market / US Housing
By: Mike_Shedlock
A few years ago, after my dad passed away, we sold his Danville, Illinois house for the grand total of $14,000 which was then split among 4 siblings. Friends where I live now cannot ,fathom a house selling for $14,000.
Friday, June 12, 2009
New Lloyds TSB First Time Buyer Mortgage / Housing-Market / Mortgages
By: MoneySupermarket
Commenting on the new Lloyds TSB First Time Buyer mortgage, Clare Francis, site editor at moneysupermarket.com: "This is a great product to help first time buyers get on the housing ladder - not only is the rate competitive, but it's really good to see some new activity in the high Loan To Value (LTV) market. It is another indication that funding pressures on lenders may, at last, be starting to ease.
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Thursday, June 11, 2009
U.S. Mortgage Market Remains Solidly Frozen / Housing-Market / US Housing
By: Mike_Shedlock
On May 28 I wrote Mortgage Market Locks Up. Ten year treasury yields started to soar and 30 year mortgages for good borrowers jumped a full point from 4.5% to 5.5%.
Wednesday, June 10, 2009
Which Housing Mortgage Applications are More Important, Refinance or Purchases? / Housing-Market / US Housing
By: Paul_L_Kasriel
As Chart 1 shows, mortgage applications for refinancing purposes have plummeted in recent weeks as applications for purchases appear to have bottomed and entered a very mild uptrend. With regard to aggregate demand, which category of applications - refis or purchases - should we get more excited about? For my money, purchases. Why? If a refi because of lower mortgage rates does not involve the cashing out of equity, the net effect is simply a redistribution of spendable income from ultimate lenders to ultimate borrowers. Yes, with the lower mortgage rate, the borrower now has lower monthly payments and, thus, more left over for the purchases of goods and services.
Wednesday, June 10, 2009
Has the U.S. Housing Market Made a Bottom? / Housing-Market / US Housing
By: Hans_Wagner
Listening to the news and reading the headlines would make you believe the economy is recovering and the good times will come in the not to distant future. After all home sales rose 0.3% in April and all those green shoots are sprouting. Many analysts are stating we have seen the bottom in housing. That would be good news indeed. For housing was the major culprit of the latest recession. However, a look at the detail does not indicate a bottom is here yet.
Sunday, June 07, 2009
Halifax UK House Prices Index Surges by 2.6% in May / Housing-Market / UK Housing
By: HBOS
Annual change -16.3%
Monthly change 2.6%
Average Price £158,565
Sunday, June 07, 2009
UK House Prices Rise for Second Time in Three Months / Housing-Market / UK Housing
By: Nationwide
• House prices rose by 1.2% in May
• Annual rate of decline improves sharply from -15.0% to -11.3%
• Low supply levels may explain some of the improvement in price trends
Sunday, June 07, 2009
Mortgage Lenders Fail to Pass On Base Interest Rate Cuts / Housing-Market / Mortgages
By: MoneySupermarket
Whilst the Bank of England has slashed interest rates by 4.5 percentage points since October, taking the base rate from 5.0 per cent to 0.5 per cent, mortgage lenders have failed to pass the cuts on in full to their existing customers, despite the Government urging them to do so.
Saturday, June 06, 2009
Government Mortgage Support helps Save Home Owners From Repossession / Housing-Market / UK Housing
By: Submissions
Fewer people are losing their homes, due to measures introduced by the government to support homeowners during the current economic climate.Read full article... Read full article...
Wednesday, June 03, 2009
UK House Prices on the Rise / Housing-Market / UK Housing
By: LiveCharts
Pending home sales climbed 6.7 per cent in April, which is the highest single monthly jump in about eight years. Pending sales are deals made by a buyer to close on a previously owned home.
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Sunday, May 31, 2009
U.S. Housing Mortgage Market Meltdown, More Pain To Come / Housing-Market / US Housing
By: Mike_Shedlock
T2 Partners has a phenomenal series of charts on the housing crisis stating Why There Is More Pain To Come.
The report is 69 pages almost all of them loaded with charts. I took a liberal selection below, adding plenty of comments, but please take a look at the original article for many additional charts. All charts below are from the article. Quotes from the article in italics. My comments are in plain text.
Sunday, May 31, 2009
U.S. Housing Bust, More Prime Mortgage Foreclosures; More Re-Defaults / Housing-Market / US Housing
By: Mike_Shedlock
John Mauldin has another interesting weekly letter called This Way There Be Dragons. Here's a look at the section on housing. Emphasis mine.