Category Archives: Uncategorized

Mortgage Refis and Mortgage Application

Mortgage applications increased 1.3 percent from the prior week, according to the weekly report from the Mortgage Bankers Association’s (MBA). The Purchase and Refinance indexes increased 0.1 percent and 0.2 percent respectively. Refinance volume also climbed 1.3%, while the Purchasing … Continue reading

Posted in House Price, Interest Rate, Mortgage, Uncategorized, USA House price, usa real estate | Tagged , , , , , , | Leave a comment

Mortgage Approvals Stabilising at Low Levels

Bank of England Lending to Individuals publication released June 29, reported a mortgage approvals increased in the month of May 1.1% but down 1.4% for the quarter and 7.4% for the year. Mortgage approvals appear to be trending sideways and … Continue reading

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UK Inflation

“There is a good chance that inflation will reach 5% later this year and it is more likely than not to remain above the 2% target throughout 2012, boosted by the increase in VAT, higher energy and import prices, and … Continue reading

Posted in Consumer price Inde, Import Price, inflation, Oil price, Uncategorized, vat | Tagged , , , , , , , | Leave a comment

UK Inflation Rises: Blame it on VAT

The recent CPI releases reported a rise in consumer price index of 0.1% (for the month) and 4.0% annually. Chart.1 shows the ebbs and flow different measures of inflation: CPI all items, CPI excluding indirect taxes and CPI at constant … Continue reading

Posted in inflation, Property Cycle, Real Estate, UK Property, Uncategorized, vat | Tagged , , , , | 2 Comments


The recent release of the Halifax house price index surprisingly reported a 0.8% month on month rise in Jan 2011. Chart.1 below shows that monthly change has become less predictable. My view is that the low transaction volumes have lead … Continue reading

Posted in Halifax House Price Index, House Price, Property Cycle, Real Estate, Sales-to-Inventory, UK Property, Uncategorized | Tagged , , , , | Leave a comment

Earnings and House Prices

After having looked at the number of employees in the prior post, it seems prudent to review the relationship between price of labour or earnings with house prices. The last post, reported that changes in labour supply lagged house price … Continue reading

Posted in average earnings index, employment, Great Moderation, Halifax House Price Index, House Price, Interest Rate, Property, Real Estate, UK Property, Uncategorized | Tagged , , , , , , | Leave a comment