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Low mortgage rates keeping affordability low for home borrowers in UK

Historically low mortgage rates are the main driver behind a significant improvement in affordability for home borrowers in the UK since 2007, new research shows. Mortgage affordability, that is the proportion of income spent on home loan payments, has remained well below the peak of 2007, according to the study from lender the Halifax, up […] The post Low mortgage rates keeping affordability low for home borrowers in UK appeared first on PropertyWire . Continue reading

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More new family homes expected to be built in the US in 2017

The number of new family homes being built in the United States is expected to gradually rise this year and next after dipping slightly at the end of 2016. Last year, the National Association of Home Builders projected 1.16 million total housing starts in 2016, which was up nearly 5% from the previous year. Now […] The post More new family homes expected to be built in the US in 2017 appeared first on PropertyWire . Continue reading

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UK prices up again modestly in January but growth in 2017 could be hit by Brexit

Property prices in the UK increased by 0.2% in January and are now 4.3% above a year ago but the outlook is clouded by Brexit and economic uncertainties, according to the latest index report. The modest rise at the start of the year took the average price of a home to £205,240 and prices have […] The post UK prices up again modestly in January but growth in 2017 could be hit by Brexit appeared first on PropertyWire . Continue reading

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