economist

Disappointing lending figures suggests UK mortgage market is in decline

The number of loans advanced for house purchases in the UK in January was at its lowest monthly level since February 2015 and at a near two year low, the latest data shows. Home buyers borrowed £8.4 billion in the first month of the year, down 28% on December and unchanged on January 2016. This […] The post Disappointing lending figures suggests UK mortgage market is in decline appeared first on PropertyWire . Continue reading

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Research reveals how much a home ‘earns’ for an owner

Property owners in one in three areas in UK areas earn more from owning their home than they do from their work, new research has found. Overall house prices outpace owners’ earnings in 119 areas and 17% of all local areas have seen average house prices increase by more than total average pay, according to […] The post Research reveals how much a home ‘earns’ for an owner appeared first on PropertyWire . Continue reading

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Price rises brings more US home owners out of negative equity but still a drag on the market

There are fewer home owners in the United States underwater on their mortgages, but more than half of those who remain underwater owe at least 20% more than their homes are worth. The depth of negative equity alone will ensure that negative equity will continue to be a drag on the housing market even after […] The post Price rises brings more US home owners out of negative equity but still a drag on the market appeared first on PropertyWire . Continue reading

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