Having just returned from a couple of weeks in Australia for a friend’s wedding (all the best to the happy couple) I thought it might be worthwhile writing a note on what looks to me to be a bubble in…
Category Archives: property market
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As many of you are aware, we have been following the developments in housing markets quite closely, particularly in the UK. The housing markets were both a signpost and then a symptom that helped to drive inflation lower and brought…
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UK housing : firm foundations, or a rally built on sand?
- Topics
- property market, UK
Posted June 30th, 2009
Recent data releases in the UK have been interpreted as suggesting that the housing market may be showing signs of some form of recovery. Our interpretation, though, would be that the releases suggest merely that the pace of decline is…
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US housing crash now worse than during the Great Depression
- Topics
- property market, US
Posted June 5th, 2008
US data released last week showed that US house prices fell by 14.4% in the year to the end of March (this is the S&P/Case-Shiller Composite-20 Index, which the market tends to focus more on – the S&P/Case-Shiller Composite-10 Index…
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How much do homeowners stand to lose on the UK housing market?
- Topics
- property market, UK
Posted April 17th, 2008
At the beginning of October last year, Richard asked “Is the UK housing market on the brink?” (read article here). Conclusion – little danger of collapse in the short term, but any dropping away of mortgage approvals would change this…
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US housing downturn worst since Great Depression – and getting worse
- Topics
- property market, US
Posted February 28th, 2008
Investors are almost becoming blasé to dire US housing market data releases, but the reality is that things are getting worse and worse. The monthly S&P/Case-Shiller figures that came out on Tuesday showed that the US housing market downturn is…
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Housing market : Down down, deeper and down
- Topics
- mortgages, property market
Posted January 30th, 2008
The US housing market is getting worse and worse, and the UK looks set to follow it. Yesterday saw the monthly update on the disaster that is the US housing market. Figures showed that the downturn is accelerating – the…
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Amongst discussions we had last week, a growing concern over delinquencies within the subprime mortgage market raised its head. The $1.3 trillion subprime mortgage market, which is a bit more than a tenth of the overall US mortgage market, caters…
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I was in Chicago on business on Friday. Up at 5am with jetlag I was able to take my time reading the Chicago Sun-Times. Two articles in there caught my eye. First was news of the death of Chicago’s…










