Housing boom and bust lesson still not sinking in

November 28, 2013

Housing markets are booming again in parts of the U.S. and Britain and they haven’t stopped doing so in Canada for the better part of a generation.

The big questions on the UK housing market: what the analysts say

November 28, 2013

Although UK house prices will head steadily higher in the next two years, analysts polled by Reuters are divided over whether the Bank of England can restrain the market if it overheats. Here’s what they said in the latest Reuters poll, taken this week:

Forever blowing bubbles?

By Mike Peacock
October 22, 2013

UK finance minister George Osborne is speaking at a Reuters event today, Bank of England Deputy Governor Charlie Bean addresses a conference and we get September’s public finance figures. For Osborne, there are so many question to ask but Britain’s frothy housing market is certainly near the top of the list.

From 1999: Another UK housing bubble? No chance!

October 17, 2013

While debate rages on whether or not Britain is heading into a new housing bubble, here’s a Reuters poll from 1999 that asked the same question. The answer then was,  ”No, this time is different”, and it featured a lot of the same arguments we’re hearing today.

How to play down a housing boom like it’s 1999

October 16, 2013

Here’s some of the top reasons from a 1999 Reuters poll on why a housing bubble wouldn’t form, which are re-appearing 14 years later.

Right time to pump up UK housing market?

By Mike Peacock
October 8, 2013

The British government is poised to announce the extension of its “help to buy” scheme for potential home owners.

Britain’s Help to Buy – what the forecasters say

August 28, 2013

Now Britain’s housing market is showing real signs of life, should the government abandon its “Help to Buy” scheme to boost access to the market for homebuyers?

U.S. housing outlook still promising despite rise in rates: Citigroup economist

July 20, 2013

U.S. housing sector fundamentals remain favorable despite the recent rise in interest rates and the sharp drop in housing starts in June, says Citigroup economist Peter D’Antonio.

Fear the Septaper

July 5, 2013

Credit to Barclays economists for coining the term ‘Septaper’

A solid U.S. employment report for June appears to have cemented market expectations that the Fed will begin to reduce the pace of its bond-buying stimulus in September.  Average employment growth for the last six months is now officially above 200,000 per month.

Forget the ‘wealth effect’: real wages drive U.S. consumer spending

June 12, 2013

 

Federal Reserve officials have touted the ‘wealth effect’ from higher stock prices and rising home values as a key way in which monetary policy boosts consumer spending and economic activity. But according to the results of a recent survey from the Royal Bank of Canada, that ethereal feeling of being richer on paper is no substitute for cold, hard cash.