Analysis Topic: Housing Market Price trendsThe analysis published under this topic are as follows.
Tuesday, August 16, 2016
Over a week has passed since the Bank of England base rate dropped to 0.25%, its lowest level in over 300 years. This has led to a spur in activity in the tracker mortgage market. The average two-year tracker mortgage deal has just broken the 2% barrier for the first time on record, according to the latest figures released by Moneyfacts.co.uk.Read full article... Read full article...
Wednesday, August 10, 2016
Waiting out Bubble 1.0
I moved to Florida in 2005, just before the housing bubble peaked. Believing that prices couldn’t remain high, we bought a smaller home than we otherwise would have. Renting would’ve been nice, but we couldn’t find a rental in a school district we liked.
Home prices marched higher for six months or so, and the S&P/Case-Shiller 20-City Home Price Index reached 206. Then things slowed down. By late 2006, it was obvious that the housing market had changed. We know what happened next.
Wednesday, August 03, 2016
BrExit House Prices Crash, Flat or Rally? UK Housing Market Affordability Crisis / Housing-Market / UK Housing
In the run up to the EU referendum the establishment REMAIN camp had peddled a perpetual year long story that UK house prices would collapse or crash if BrExit happened, as operation fear each month ramped up the threats of that which awaited a post Brexit Britain.
For instance George Osborne repeatedly issued doom warnings that likely contributed to his swift sacking by Theresa May
“If we leave the European Union there will be an immediate economic shock that will hit financial markets... That affects the value of people’s homes and the Treasury analysis shows that there would be a hit to the value of people’s homes by at least 10 per cent and up to 18 per cent." - George OsborneRead full article... Read full article...
Tuesday, August 02, 2016
China’s Property Bubble Showing Parallels to the Subprime Crisis / Housing-Market / China Housing Market
The menacing fury of economic triggers that began piling up after the Great Recession are only getting larger and we can’t do much but watch it unfold and stay alert.
I wrote about this in a letter late last year, but now here we are more than halfway through the year and it’s only getting worse. So much worse that the Chinese property bubble is now
Monday, July 25, 2016
When looking back at the first half of 2016 it’s clear to see that the mortgage market has had a significant boost, resulting in some of the lowest rates on record. In fact, research from Moneyfacts.co.uk shows that, since the start of this year, average rates across all fixed mortgage terms have fallen; the average two-year fixed rate has seen the biggest reduction, falling by 0.24% since January this year.Read full article... Read full article...
Thursday, July 14, 2016
Among the biggest relative strength leaders in the U.S. broad market right now are the home builders and REITs. The U.S. real estate sector is heating up and is also beginning to attract “hot money” inflows from foreign investors looking for a profitable safe haven. Real estate is building a measure of momentum not seen since before the 2008 credit crash. As such, the question as to whether a renewed property market mania is underway is a timely one and will now be addressed.Read full article... Read full article...
Monday, July 04, 2016
Year-on-year, the number of buy-to-let (BTL) mortgages has increased, so it would be fair to assume that the availability of deals for first-time landlords has also expanded. However, research from Moneyfacts.co.uk shows that the proportion of mortgage deals for new landlords has actually shrunk to a record low.Read full article... Read full article...
Sunday, July 03, 2016
UK House Prices BrExit Crash NOT Likely Despite London Property Market Weakness / Housing-Market / UK Housing
The establishment REMAIN camp peddled the same story for the UK housing market all year, one of a collapse, crash or worse! As operation fear each month ramped up the threats of that which awaited a post Brexit Britain. The house prices crash fear mongering even emanated direct from George Osborne himself who warned: “If we leave the European Union there will be an immediate economic shock that will hit financial markets... That affects the value of people’s homes and the Treasury analysis shows that there would be a hit to the value of people’s homes by at least 10 per cent and up to 18 per cent."Read full article... Read full article...
Wednesday, June 29, 2016
Two weeks ago, I wrote about an upcoming New York City condominium listing for $250 million. I mention this because, as I’ve explained before, it’s always the tallest buildings and priciest condos to get hit during major downturns.
Just look at the early 1930s and mid-1970s marking peak bubbles if you don’t believe me!
Monday, June 27, 2016
Cash rebates were once a great way for providers to stand out in the highly competitive mortgage market. However, research from Moneyfacts.co.uk shows that these deals have begun to fall from favour, resulting in the number of available deals dropping by a staggering 280 in just one year.Read full article... Read full article...
Friday, June 24, 2016
Wells Fargo recently announced a new mortgage product they are calling “A game changer in the industry.” According to the bank, this product is purported to facilitate the dream of homeownership to more people by …wait for it... lowering the down payment and out-of-pocket costs associated with a more conventional mortgage products, while also offering more consumer friendly income and credit guidelines.
This new product that those at Wells Fargo have declared “revolutionary” is called yourFirst MortgageSM and one has to imagine it must have been developed by somebody with a severe case of amnesia and who has recently suffered from a bad concussion.Read full article... Read full article...
Tuesday, June 21, 2016
UK Fixed Rate Mortgages - Move Over Banks, Mutuals Offer Borrowers Better Deals / Housing-Market / Mortgages
Due to bigger banks taking greater advantage of the Government’s Funding for Lending Scheme to fund their mortgage books (and still having a significant sum of cash left to use), many would assume that mortgage rates from these providers would be significantly lower than those offered by the rest of the market. However, research from Moneyfacts.co.uk has found that building societies are actually the undeniable winners when it comes to mortgage deals.Read full article... Read full article...
Wednesday, June 15, 2016
This Manhattan Condo’s $250 Million Price Tag Real Could Mean US Estate Bubble Is Ready to Pop / Housing-Market / US HousingI’ve been doing a lot of traveling lately. Our lease ran up at our home in Tampa many weeks ago, and my wife and I have been staying at several of our favorite spots up and down the east coast.
We’re in San Juan now, but last month I got a look at this new “billionaire’s row” that’s popped up on the south side of Central Park in New York.
Read full article... Read full article...
Tuesday, June 07, 2016
619,000 new homes were sold – the most since early 2008 just before the worst of the housing meltdown, and the highest rate of growth in 24 years.
So is this a sign that the economy is back on track?
Read full article... Read full article...
Wednesday, June 01, 2016
Help to Buy: ISAs, which were designed to boost the saving ambitions of would-be first-time buyers, have now been on the market for over six months. However, despite the excitement of their launch, Moneyfacts.co.uk can reveal that their shine has already begun to fade thanks to rate cuts and opening restrictions. Indeed, the average rate paid has already dropped from 2.55% to 2.39% since the start of the tax year (6 April 2016).Read full article... Read full article...
Tuesday, May 31, 2016
Since the introduction of the Help to Buy Mortgage Guarantee Scheme in October 2013 the market for high loan-to-value mortgages has been well and truly shaken up. Indeed, as a result of the scheme, Moneyfacts.co.uk can reveal that the number of 95% loan-to-value (LTV) mortgages has jumped from just 56 products in October 2013 to 271 today.Read full article... Read full article...
Monday, May 23, 2016
It shouldn't be hard to understand that nearly 90 months of ZIRP has regenerated the equity and real estate bubbles that first pushed the global economy off a cliff back in 2007. In fact, the Fed's unprecedented foray with interest rate manipulation has caused these assets to become far more detached from underlying fundamentals than they were prior to the start of the Great Recession.Read full article... Read full article...
Monday, May 23, 2016
Heightened competition in the mortgage market has given those with smaller deposits a boost, as not only are there more deals for borrowers to choose from but there are also lower rates. In fact, Moneyfacts.co.uk can reveal that the difference in rates between the average two-year fixed mortgage at 60% and 90% loan-to-value (LTV) has reduced by 0.93% to 1.03% in just two years.Read full article... Read full article...
Monday, May 09, 2016
Mortgages have become increasingly competitive over the years, and thanks to low interest rates and Government initiatives, there are many deals on offer that will save borrowers thousands of pounds on their mortgage.
However, despite the long-running price war, the latest research by Moneyfacts.co.uk reveals that mortgage fees are now on the rise, which means borrowers should be even more diligent when working out the cost-effectiveness of a deal.Read full article... Read full article...
Thursday, May 05, 2016
The UK mortgage providers are once more innovating new products with old objectives, that of allowing those who cannot afford to buy their first homes, being engineered an helping hand onto the property ladder. Which is what Barclays 100% mortgage (no deposit) represents at upto 5.5X earnings. However we are not quite back to the free for all frenzy of 2007 when the credit markets were so loose that self certified mortgages were rampant and not forgetting savers who could lock in 7%+ yields! Even savvy borrowers could turn the tables on the credit card providers and rake in several thousands of pounds a year by stoozing (borrowing on 0% credit cards and saving in accounts paying as high as 7%).Read full article... Read full article...