Items Tagged with 'Martin Gahbauer'

ARTICLES

  • Recovery in Demand for UK Housing Pressures Supply

    Property prices continue to trend up in the United Kingdom as months-on-market decrease. But increasing demand may pressure housing supply in both the purchase and rental markets, and borrower performance on existing mortgages does not appear to likely to let up while economic conditions remain constricted. Nationwide's monthly House Price Index shows UK house prices rose in July, marking the fourth consecutive month of increase as low interest rates spark demand and pressure supply.
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  • British House Prices Rise with Originations

    British home builder Nationwide saw its third month of home price increases in July, according to a house price index released Thursday. House prices gained 1.3% on a seasonally adjusted basis in July. The three-month-on-three-month rate of change gained 1% in June to 2.6% in July -- the highest level since February 2007. UK house prices are still 6.2% lower than 12 months ago, Nationwide said, but this represents a significant improvement from the 9.3% year-on-year decline seen in June.
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  • Mixed Messages on UK Housing

    On Friday, the British press was abuzz with news from Nationwide, the third largest mortgage lender, on the rise in house prices for two consecutive month-on-month cycles. However, new research from two other monitoring services draw separate conclusions.
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