Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Saturday, November 21, 2015
UK Housing Market Affordability, House Prices Momentum and Trend Forecast / Housing-Market / UK Housing
By: Nadeem_Walayat
Most academic housing market commentators focus on the various measures of housing market affordability or rather unaffordability as house prices despite the price crash of 2008-2009 never fell to anywhere near the affordability levels of the early 1990's housing bear market lows and therefore ivory tower academics have continued to cling onto expectations that a further house prices crash is inevitable so as the fit in with their theoretical models of where house prices should fall to in terms of affordability that gets liberally regurgitated in the mainstream press, and looking at the graph below it really is very easy to be seduced by something that on first glance appears obvious that house prices really did have a long way to fall to reach the affordability levels of the past.
Tuesday, November 10, 2015
The 10-year Fixed Rate Mortgage Gamble / Housing-Market / Mortgages
By: MoneyFacts
With uncertain times ahead with regards to base rate, many borrowers are looking for long-term mortgage repayment security to shield them from future, unpredictable rate rises.
Ten-year fixed rate mortgages do just that, and data from Moneyfacts.co.uk shows that the number of deals available has almost doubled in just one year to meet growing demand. And in even better news, the interest rates being offered have also fallen.
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Tuesday, November 03, 2015
Steady Rise in UK Mortgage Freebies / Housing-Market / Mortgages
By: MoneyFacts
Falls in mortgage rates over the past couple of years have left providers with little room to manoeuvre when it comes to competing on price. As a result, providers have come up with more innovative ways to attract customers.
One of the most popular methods appears to be adding an incentive package to a mortgage deal. Data from Moneyfacts.co.uk shows that the number of mortgage products offering a range of freebies has increased by over third in five years, illustrated by the table below.
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Thursday, October 29, 2015
London Property Bubble Set To Burst – UBS and Deutsche Warn / Housing-Market / UK Housing
By: GoldCore
The London property market is being increasingly recognised as a bubble and now even leading international banks are warning that the bubble may be set to burst.
Today, UBS has warned that London’s property market is “frothing” and last week Deutsche Bank were the property party pooper “calling time” on the London property “party.”
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Tuesday, October 27, 2015
The Frightening True Cost of Low Mortgages Interest Rates / Housing-Market / Mortgages
By: MoneyFacts
Borrowers are often bombarded by an array of choice when looking for a mortgage, so it’s unsurprising that many may mistakenly think that opting for the lowest rate will save them money.
However, this is simply not the case; in fact, Moneyfacts.co.uk can reveal that borrowers would actually be better off choosing a deal with no arrangement fee over a lower rate alternative.
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Monday, October 26, 2015
Buy-to-Let Property Boom Over Despite UK House Prices Grinding Higher / Housing-Market / Buy to Let
By: Nadeem_Walayat
Britain's 2 million strong army of buy-to-let private landlords with well over 5 million properties in their portfolios face a perfect storm of new regulations, tax hikes and benefits cuts that looks set to turn their and their tenants finances upside down, converting profits into losses, this despite UK house prices expected to continue to grind ever higher and thus increasing portfolio valuations.
The fantasy sales pitch of seminars of buying properties to rent out at huge potential returns had convinced many thousands of investors over the past decade to become buy-to-let landlords, especially given the abysmal rates of bank interest of the past 6 years. However, reality has never matched expectations for many buy to let investors who soon realise that buy to let is actually a second job rather than an invest and forget exercise, as they tended to face a string of problems at the top of the list are problem tenants, a situation greatly worsened by mass migration from eastern europe and the myriad of scams they tended to pull on unsuspecting landlords, leaving behind wrecked properties that will cost far more to rectify than any rental income gleaned from such properties.
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Saturday, October 10, 2015
A Bifurcated U.S. Housing Market, How Much Longer Can Unaffordable Housing Prices Last? / Housing-Market / US Housing
By: Adam_Taggart
Charles Hugh Smith writes: Markets discover price via supply and demand: Big demand + limited supply = rising prices. Abundant supply + sagging demand = declining prices.
Eventually, prices rise to a level that is unaffordable to the majority of potential buyers, with demand coming only from the wealthy. That’s the story of housing in New York City, the San Francisco Bay Area and other desirable locales that are currently magnets for global capital.
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Wednesday, September 30, 2015
Help to Buy keeps the UK Housing Mortgage Market Alive Two Years On / Housing-Market / UK Housing
By: MoneyFacts
The Help to Buy Mortgage Guarantee Scheme will soon be celebrating its second birthday. Phase two aimed to help borrowers who have a 5% deposit buy a home by giving lenders a Government-backed guarantee of 15% of the mortgage.
Since its launch in October 2013, the 95% loan-to-value (LTV) mortgage market has changed dramatically, and data from Moneyfacts.co.uk has revealed that not only are there now lower rates available for borrowers with small deposits, but there’s also far more product choice.
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Friday, September 25, 2015
U.S. Housing Market Two Outs in The Bottom of The Ninth / Housing-Market / US Housing
By: James_Quinn
The housing market peaked in 2005 and proceeded to crash over the next five years, with existing home sales falling 50%, new home sales falling 75%, and national home prices falling 30%. A funny thing happened after the peak. Wall Street banks accelerated the issuance of subprime mortgages to hyper-speed. The executives of these banks knew housing had peaked, but insatiable greed consumed them as they purposely doled out billions in no-doc liar loans as a necessary ingredient in their CDOs of mass destruction.
Monday, September 21, 2015
Remortgagors Reap the Benefits / Housing-Market / Mortgages
By: MoneyFacts
Moneyfacts.co.uk data can reveal that not only are remortgagors reaping the benefits of more products on the market, but they’re also profiting from significantly lower rates.
With remortgage activity surging to its highest level in four-years*, it looks as though there has been no better time to take advantage of the great deals on offer. The table below highlights how the number of products available to remortgage customers on the market has increased while the rates charged have simultaneously fallen.
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Friday, September 18, 2015
U.S. Housing Market May be About to Implode -- Again / Housing-Market / US Housing
By: EWI
Before I get into the "why," know that the residential real estate market never fully recovered.
Annualized new home sales this past July stood at 507,000, vs. the July 2005 peak of 1.39 million. The chart and commentary from the August Elliott Wave Theorist offer:
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Wednesday, September 16, 2015
The Fallacy of "Buy Land — They’re Not Making Any More" / Housing-Market / Land
By: MISES
Peter St. Onge writes: “Buy land — they’re not making any more!” is an old investing chestnut, and a common sense one to boot. Economically, it’s also completely false.
As counterintuitive as it may seem, we make land all the time. It just doesn’t look like land.
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Wednesday, September 09, 2015
US Housing Market - It's 2008 All Over Again / Housing-Market / UK Housing
By: Rodney_Johnson
You might have thought it was a good idea when the government started taking all the profits of the Federal National Mortgage Association (FNMA, or Fannie Mae) and the Federal Home Loan Mortgage Corporation (FHLMC, or Freddie Mac).After all, the two quasi-private mortgage insurance giants had sucked a lot of profit out of the markets over the decades, and then required over $180 billion in bailout money from taxpayers. Why not get a little of the bailout cash back, right?
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Tuesday, September 08, 2015
Europe's Best Real Estate Investments for 2016 / Housing-Market / European Housing
By: Boris_Dzhingarov
With the global stock markets currently in uncertain territory, many investors are once again turning toward bricks and mortar as a preferred place to put their money. The chaotic Chinese economy and ever-falling oil prices are two of the main factors making many other types of investment look particularly risky right now. However, the recovery in European property prices has been one of the major success stories of the aftermath of the global banking crisis, so savvy investors will be studying where to buy real estate in the coming year.
Monday, September 07, 2015
Rising UK Mortgage Interest Rates - Wave Goodbye to Lowest Five-year Fixes / Housing-Market / Mortgages
By: MoneyFacts
Over the past year borrowers have been treated to record low mortgage rates; however, research from Moneyfacts.co.uk shows that the lowest five-year fixed mortgage rates may already be a thing of the past.
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Sunday, September 06, 2015
How to Buy Houses for 25% Below Market Value / Housing-Market / US Housing
By: DailyWealth
Dr. Steve Sjuggerud writes: "What's your top idea right now, Steve? What are you doing with your own money?"
The answer is simple: U.S. real estate.
Right now, I have a greater percentage of my net worth invested in the U.S. residential property market than in any other asset class – by far.
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Wednesday, August 26, 2015
UK Re-mortgaging Hits a Four-year High / Housing-Market / Mortgages
By: MoneyFacts
Charlotte Nelson, Finance Expert at Moneyfacts.co.uk, comments:
“With many borrowers taking advantage of the record low rates on the market, it’s little wonder that approvals for remortgages are at a four-year high.
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Tuesday, August 25, 2015
UK Buy-to-let Mortgage Deals hit a seven-year high / Housing-Market / Buy to Let
By: MoneyFacts
Pensioners’ new-found ability to access their whole pension pots combined with the promise of high returns has seen activity in the buy-to-let (BTL) market surge.
In light of this increasing demand, product numbers have soared, so much so that data from Moneyfacts.co.uk has revealed that the number of BTL deals has hit 1,000 for the first time since April 2008.
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Sunday, August 23, 2015
Will Rising Interest Rates Crash UK House Prices? - Video / Housing-Market / UK Housing
By: Nadeem_Walayat
UK interest rates have remained frozen at 0.5% for 78 straight months, with the Bank of England having refused to budge an inch even when inflation had soared to above 5% on its official measures of CPI and RPI. However, now with the general election out of the way the Bank of England has started to signal in its forward guidance that the markets should prepare for interest rate hikes.
Therefore this analysis seeks to determine the consequences for rising interest rates on UK house prices into the end of 2018.
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Thursday, August 20, 2015
Will UK Interest Rate Rises Crash House Prices? / Housing-Market / UK Housing
By: Nadeem_Walayat
UK interest rates have flat lined at 0.5% for 78 straight months, that now post the general election has market attention turning towards the prospects for the first of a series of interest rates hikes as signaled by the Bank of England. Firstly, understand this fundamental fact that interest rates at 0.5% has been a PANIC measure. The Bank of England has been in a state of perpetual PANIC for over the past 6 years of which 0.5% interest rates was just the first step towards propping up Britain's bankrupt banking system, the second step was the £500 billion or so of Quantitative Easing or money printing that has been stuffed into every orifice of the bankrupt banks, and the list goes on with capital injections and the Funding for Lending Scheme which has succeeded in eroding the purchasing power of savings (stealth theft) since it was first implemented since Mid 2012, ALL to prop up the Bank of England's banking sector brethren.