shortage
Lack of supply and high prices hit home sales market in the US
A lack of properties on the market and deteriorating affordability led to pending home sales in the United States falling in January by 2.8% to their lowest level in a year. Interest in buying a home has increased to its highest point since the global economic downturn but the buying market is currently challenging, according […] The post Lack of supply and high prices hit home sales market in the US appeared first on PropertyWire . Continue reading →
Gross mortgage lending down in UK in first month of 2017
Gross mortgage lending in the UK reached £18.9 billion in January, some 6% lower than December’s lending total of £20 billion, but 2% higher than a year ago. The latest data from the Council of Mortgage Lenders (CML) suggests that overall the mortgage market is holding up but according to senior economist Mohammed Jamei there […] The post Gross mortgage lending down in UK in first month of 2017 appeared first on PropertyWire . Continue reading →
Higher mortgage rates set to have impact on US housing market this year
Rising mortgage rates and their impact on housing affordability will be the most significant force in the property market in the United States in 2017, it is suggested. The latest quarterly survey from real estate firm Zillow and conducted by Pulsenomics asked more than 100 housing experts and economists what factors would have the greatest […] The post Higher mortgage rates set to have impact on US housing market this year appeared first on PropertyWire . Continue reading →