Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Friday, November 16, 2007
UK Housing Market Continues to Weaken, Nationwide Now Expects Zero 2008 House Price Growth / Housing-Market / US Housing
By: Nadeem_Walayat
The housing market analysts are belatedly starting to come to terms with the prospects of a falling UK housing market during 2008. Nationwide takes the first step on that road by now forecasting ZERO house price growth during 2008. This still remains some way from the Market Oracles forecast of a fall of 15% over 2 years as of 22nd August 07 and therefore suggests continuing downward revisions in Nationwide's forecasts during 2008 in the face of falling house prices.Read full article... Read full article...
Tuesday, November 13, 2007
UK House Price Declines Gather Pace As Surveyors Report Falling Prices / Housing-Market / UK Housing
By: Sarah_Jones
The Royal Institution of Chartered Surveyors (RICS) Survey today revealed that 22.2% more surveyors are reporting house price drops, compared with 14.9% in September. This was worse than market expectations of a minus 20% reading accompanied by a surge in stock on estate agent books of 8.8%.Read full article... Read full article...
Monday, November 12, 2007
US Housing Crash - History Repeating in Florida and Lessons from the Roaring 20's - Part 2 / Housing-Market / US Housing
By: Dr_Housing_Bubble
Part 1 - “Perhaps the boom was due for a "healthy breathing-time…
As a matter of fact, it was due for a good deal more than that. It began obviously to collapse in the spring and summer of 1926. People who held binders and had failed to get rid of them were defaulting right and left on their payments. One man who had sold acreage early in 1925 for twelve dollars an acre, and had cursed himself for his stupidity when it was resold later in the year for seventeen dollars, and then thirty dollars, and finally sixty dollars an acre, was surprised a year or two afterward to find that the entire series of subsequent purchases was in default, that he could not recover the money still due him, and that his only redress was to take his land back again.
Saturday, November 10, 2007
Crash in UK House Prices Forecast for April 2008 As Buy to Let Investors Sell on Capital Gains Tax Change / Housing-Market / UK Housing
By: Nadeem_Walayat
| Editors Note: Housing Market Forecast Updated December 2008 - UK Housing Market Crash and Depression Forecast 2007 to 2012 |
The UK's property boom has to large part been fed by an army of buy to let investors (many of whom are amateur landlords).
This is illustrated by the estimate of 1,000,000 buy to let mortgages, up from barely 20,000 ten years ago. However for some time new buy to let investors have been increasingly banking on capital gains rather then rental incomes covering the costs, which given the most recent HBOS statistics of 2 months of consecutive price drops for Sept and Oct 07, increasingly looks less likely going forward and hence primes the buy to let market to lead the stampede for the exit, resulting in a sharp drop in UK house prices.Read full article... Read full article...
Saturday, November 10, 2007
US Housing Crash - History Repeating in Florida and Lessons from the Roaring 20's - Part 1 / Housing-Market / US Housing
By: Dr_Housing_Bubble
History has a mysterious way of creeping up on those that fail to study it. Somehow, with all the talking heads going crazy, you would think this housing market has no parallel in history. When you hear that the national median home price has never gone down there is always the caveat of “since the Great Depression.” I've written 3 articles about the Great Depression ( letter from a lawyer , letter from a president of a bank , and 3 main reasons why this bubble is worse ) highlighting eerie similarities of this credit bubble to the Roaring 20s.
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Friday, November 09, 2007
UK Housing Bear Market Has Begun - House Prices Fall for Two Consecutive Months / Housing-Market / UK Housing
By: Nadeem_Walayat
Britian's biggest mortgage bank HBOS's monthly house price statistics revealed that
UK House prices fell by 0.5% in October to £197,248. This follows a 0.6% drop in September, which is the first consecutive drop in house prices since May 2005, as the credit crunch hit the UK mortgage banking sector and five interest rate rises to 5.75% started to impact on affordability. The trend in UK house prices is now in line with the Market Oracle forecast for a 15% decline over the next 2 years as of 22nd August 2007. Read full article... Read full article...
Saturday, November 03, 2007
The Invisible Housing Mortgage Hand: Analysis of a Society That Forces You Into Debt / Housing-Market / US Debt
By: Dr_Housing_Bubble
The Ministry of Truth, otherwise known at the Bureau of Labor and Statistics, tells us that inflation is low to moderate. In fact, inflation is so low all you need to do is purchase 10-year Treasury notes and you'll be fine. But we do have inflation and this is apparent in the credit markets. We live in a society were folks are forced to go into debt. Instead of addressing our negative savings rate, corporate America decides to create credit products that will put you even further in debt . They use the machines of marketing to subtly make you feel that having 10 credit cards, student loan debt, and steroid induced mortgages is okay. Read full article... Read full article...
Saturday, November 03, 2007
Buy Or Rent A House in the UK - Five Scenarios of Gains or Losses's over the Next Five Years / Housing-Market / UK Housing
By: Nadeem_Walayat
The following analysis presents five scenarios that prospective home buyers can use to evaluate whether today is a good or bad time to buy depending on the scenario's that they deem to be the most probable. The analysis is especially geared towards first time buyers seeking to buy an average priced property of £200,000.Read full article... Read full article...
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.
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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...