Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Tuesday, July 08, 2014
Ahead of Looming U.S. Housing Market Foreclosure Crisis, Local Governments Are Stepping In / Housing-Market / US Housing
By: Ellen_Brown
Mortgage debt overhang from the housing bust has meant lack of middle-class spending power and consumer demand, preventing the economy from growing. The problem might be fixed by a new approach from the Fed. But if the Fed won’t act, counties will, as seen in the latest developments on eminent domain and litigation over Mortgage Electronic Registration Systems (MERS).
Thursday, July 03, 2014
UK Interest Rates and House Prices Trend Forecast - Video / Housing-Market / UK Housing
By: Nadeem_Walayat
Blasting away Mark Carneys flop flopping smoke and mirrors statements on the prospects for UK interest rates to reveal the underlying fundamentals for RISING interest rates this year. This video addresses the likely impact on the ongoing UK housing bull market.
Wednesday, July 02, 2014
UK House Prices Soar to New All Time High, London Bubble, Nationwide Data / Housing-Market / UK Housing
By: Nadeem_Walayat
The Nationwide released their latest UK house price data for June 2014 that showed a 1% rise on the month lifting the annual rate to 11.8% and taking average UK house prices to a new all time high of £188,903. All UK regions saw a rise in house prices with the South East continuing to outperform and London's bubble market hitting an raging hout annual price rise of 26%.
Wednesday, July 02, 2014
Rising UK Mortgage Interest Rates / Housing-Market / UK Housing
By: MoneyFacts
Moneyfacts.co.uk can reveal that the cost of direct fixed rate mortgage deals, especially the most popular two-year fixed are creeping upwards.
After three months of historically low rates in the two-year 60%, 65%, 70%, 75%, and 80% loan-to-values (LTV), the lowest rates offered by lenders have shot upwards as at the 1 July. The cheapest 90% LTV also increased from last month’s rate.
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Wednesday, July 02, 2014
UK Home Building to Fall - Iimplications for House Prices / Housing-Market / UK Housing
By: Nadeem_Walayat
Leaked government documents have fallen into the hands of BBC Newsnight that show that despite all of the extreme measures to date to stoke up house building such as the help to buy scheme, instead the accelerating trend for house building looks set to come to an abrupt halt in the lead up to the next general election as the number of homes built for 2014-15 is now expected to fall by 4% to 128,000 from 133,650 for 2013-14.
Tuesday, July 01, 2014
25 Years of UK Fixed Interest Rate Mortgages / Housing-Market / Mortgages
By: MoneyFacts
During the last 25 years, fixed rate mortgages have moved from the new kid on the block to the preferred choice of today’s mortgage borrowers.
The average house price* in 1989 stood at £55,000, today it has leapt to £260,000. Retail Price Index (RPI), the only inflationary measurement of the day, was 8.3% compared to 3.3% now and Bank of England base rate stood at 14%.
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Monday, June 30, 2014
UK Interest Rates and House Prices Trend Forecast / Housing-Market / UK Housing
By: Nadeem_Walayat
Whilst borrowers fear a rate rise, savers instead salivate at their prospects especially as the banking crime syndicate is now into its 6th year of the stealth theft of purchasing power of savings as the banks continue to suckle on the teat of the Bank of England through a myriad of schemes that results in effectively providing the banks with unlimited funding that has resulted in the collapse of savings interest rates that began in May 2012 and have been kept at sub inflation rates of systemic theft.
Sunday, June 29, 2014
Sheffield House Prices Divergence - Silverdale Close, Affluent Area's Forecast / Housing-Market / Sheffield
By: N_Walayat
Sheffield house prices are showing a huge divergence between affluent and deprived areas of the city in terms of the rate of annual increase where typically affluent areas of the city are experiencing a trend in house price inflation of an average of 5% per annum whilst deprived areas are experiencing what can only be classed as random price action, where similar properties even on the same street can deviate greatly by as much as 1/3rd in price as illustrated by several study's of sale prices of properties sold across streets in deprived areas of the city that have yet to exhibit a trend in house prices.
Thursday, June 26, 2014
Housing Markets? / Housing-Market / UK Housing
By: Jonathan_Davis
BANK OF ENGLAND FINANCIAL POLICY COMMITTEE TO CAP BULK OF HIGH LOAN-TO-INCOME MORTGAGES AND TOUGHENS UNDERWRITING STANDARDS
TO SET FROM OCTOBER LOAN TO INCOME RATIO AT 4.5 FOR 85 PCT OF NEW MORTGAGES
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Tuesday, June 24, 2014
U.S. Economic Recovery™ In One Graph / Housing-Market / US Housing
By: Jesse
"Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country.
When you won, you divided the profits amongst you, and when you lost, you charged it to the bank.
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Monday, June 16, 2014
Global and UK House Prices / Housing-Market / UK Housing
By: Jonathan_Davis
The charts below show global house prices in relation to local incomes and historic rents. Some of the prices are shockingly high, relative to reasonable economic comparators.
This first one, shows prices to incomes. To explain the chart, Italian house prices are seen as about the same, historically, relative to current income levels.
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Monday, June 09, 2014
How to Profit from "Margin Call" on American Homeowners / Housing-Market / US Housing
By: Money_Morning
Shah Gilani writes: Get ready. There's more trouble ahead for home buyers, home builders, and especially homeowners who took out home-equity lines of credit before the housing crisis. Those heydays have turned into haymakers.
What's already started to happen might not only knock out the formerly aspiring but now petering-out housing recovery, but also might knock the already weak economy to the ground.
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Tuesday, June 03, 2014
US Housing Market's Darkening Data, Get Ready for Falling House Prices / Housing-Market / US Housing
By: Dr_Martenson
Brian Pretti writes: When looking at residential real estate, we often tend to focus almost solely on recent price movements in assessing the health of the housing market at any point in time. But as both homeowners and income-earners in the larger economy, of which the housing market is an important component, to really understand what's going on, we need clarity into the larger cycle driving those price movements.
The more we look at today's data, the more it looks like that we are in a new type of pricing cycle -- one that homeowners and housing investors have no prior experience with.
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Tuesday, June 03, 2014
Add Home Value By Going Green - Insulation, Green houses and Water Butts / Housing-Market / UK Housing
By: Nadeem_Walayat
Percentage added to home value of 200% to 300% of typical costs incurred. Typically £700 spent can convert into as much as a £2k increase in value.
At relatively little cost home owners can boost their green credentials to not only increase the value of their homes by making their homes more appealing to increasingly environmentally conscious prospective home buyers but also save money on an ongoing basis.
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Monday, June 02, 2014
Beware the Latest U.S. Mortgage Market Trap / Housing-Market / US Housing
By: Money_Morning
Shah Gilani writes: Get ready. There’s more trouble ahead for home buyers, home builders, and especially homeowners who took out home-equity lines of credit before the housing crisis. Those heydays have turned into haymakers.
What’s already started to happen might not only knock out the formerly aspiring but now petering-out housing recovery, but also might knock the already weak economy to the ground.
Read full article... Read full article...
Sunday, June 01, 2014
How Trees Increase or Reduce Home Values - Dangers, Inspection, Neighbours, Pruning and Removal / Housing-Market / UK Housing
By: Nadeem_Walayat
Percentage added to home value of 200% to 500% of typical costs incurred. Typically £500 spent can convert into as much as a £2.5k increase in value.
It is the responsibility of every home owner to ensure that their trees are in keeping with the size of their garden and neighbouring properties. Not only do very tall unpruned trees result in a lot of maintenance issues such as from falling leaves branches and wide spreading roots, as well as the legal responsibility of the tree owner should during a storm the tree topple over and damage property or even cause injury.
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Friday, May 30, 2014
The Next Trillion-Dollar U.S. Mortgage Market Meltdown May Be Coming / Housing-Market / US Housing
By: Money_Morning
Shah Gilani writes: The fourth securitization deal of big investor-owned single-family homes for rent is here.
Is this just another Wall Street gamble that will wreck the economy again, or is this time different?
You be the judge.
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Friday, May 30, 2014
Home Ownership Debt, Mortgages, Slavery and the Risk of Ruin / Housing-Market / Mortgages
By: Nadeem_Walayat
Britain has a debt based economy where expanding total debt is the primary enabler for the economy to expand and that is the primary purpose of the Bank of England to enable governments to expand total debt be it public or private. However, following the credit crisis collapse of 2007-2009, individuals and banks become reluctant to borrow despite record low interest rates and hence why despite successive Governments (Labour and Coalition) having gone on a relentless spending binge to the tune of £750 billion of new debt the economy stagnated due to the failure to ignite a borrowing frenzy amongst Britain's working population.
Thursday, May 29, 2014
Help to Buy Caution - House Buying or Renting Scenarios / Housing-Market / UK Housing
By: Nadeem_Walayat
You may not be fully aware that the Help to Buy Scheme is an upto 20% EQUITY BACKED LOAN, which means that the government owns 20% of your property in exchange for the 5 year interest free loan. The loan is repaid when the property is sold or at the end of the mortgage term when you repay 20% of the SALE PRICE. So if house prices rise by 33% then so does the value of the loan at the time of repayment.
Wednesday, May 28, 2014
Will a Garage Conversion Add Value to My Home? / Housing-Market / UK Housing
By: Nadeem_Walayat
It can be very tempting for home owners in need of living space to contemplate the conversion of their integral or attached garages. However this can turn out to be a huge mistake in terms of it being highly unlikely that you would ever recoup the costs in terms of an increase in your homes value, not unless you live in places such as central London where space carry's a heavy premium.