UK mortgage lending likely to be outpaced by consumer credit in November
Jan 04, 2016 08:06 am UTC| Commentary Real Estate
UK net consumer credit for the month of November is expected by market consensus to come in at 1.3. In November, mortgage approvals are expected to come in at 69.9 by consensus. Low employment, strong consumer...
Recent drop in US pending home sales likely to be temporary
Dec 31, 2015 05:04 am UTC| Commentary Real Estate Economy
US pending home sales declined 0.9% mom in November, way lower than the market consensus anticipations of firm monthly rise. The upward revisions to last months data boosted the yoy rise to 5.1% over consensus...
US new home sales rise but remain sluggish in November
Dec 24, 2015 02:49 am UTC| Commentary Real Estate
US new home sales summed up to 490k in the month of November, below the market consensus expectations. The previous months sales data was revised lower by a net 39k. Single family sales rose in the West, with sales in...
Fitch: Australian Mortgage Arrears at Decade Lows in 3Q15
Dec 22, 2015 22:18 pm UTC| Research & Analysis Real Estate
In its report released today, Fitch Ratings says Australian mortgage arrears have reached a decade low after declining 18bp to 0.91% during 3Q15. Two-thirds of the improvement was due to the inclusion of AUD8.7bn worth of...
US existing home sales suffer a setback in November, but temporary factors likely at play
Dec 22, 2015 17:02 pm UTC| Commentary Real Estate
Sales of existing homes slumped by 10.5% m/m to 4.76 million units (annualized) in November, coming in considerably weaker than expectations, which called for a 5.35 million print. Revisions to the prior month were also...
November US existing home sales plummet as disclosure requirements extend closing times
Dec 22, 2015 16:43 pm UTC| Commentary Real Estate Economy
Sales of existing homes plunged 10.5 m/m in November, to 4.76mn, well below forecast and consensus expectations for sales of about 5.30mn. The drop in sales was broad based across regions, with regional sales down between...
Was the housing boom in Sydney and Melbourne driven by foreign buyers?
Dec 21, 2015 00:18 am UTC| Real Estate
House prices rose by an average of 64% in Sydney and Melbourne in the decade from 2004 to 2014. At the same time foreign investment proposals in developed real estate rose by almost tenfold. This correlation led to a lot...