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It’s the final two sets of criteria that are most pertinent for Niemann and LIV Golf players. Though exact criteria differs between the four major championships, all incorporate world ranking points as a viable qualifier. Why is that an issue for some LIV Golf players? Mike Ehrmann/Getty ImagesHow are LIV Golf players making it to the majors? Meanwhile LIV Golf players without such past glories to stamp their tickets to major championships are, like Niemann, crossing the globe in pursuit of alternative routes in.
Persons: LIV, LIV Golf’s Joaquin Niemann, Tiger Woods, Jon Rahm, Ross Kinnaird, Nick Dunlap –, , Niemann, It’s, Greg Norman, Gary Davidson, Peter Dawson, LIV Golf, ” Dawson, OWGR, Tom Dulat, “ It’s, it’s, ” Niemann, , , don’t, Mike Ehrmann, Japan’s Ryo Hisatsune, Fred Ridley, Brooks Koepka, Phil Mickelson, Rahm, Mike Blake, Reuters Rahm, Koepka, Cameron Smith, Adrian Meronk, Tyrell Hatton, Bryson DeChambeau, Patrick Reed, DeChambeau, Reed, Dean Burmester, David Puig jetted, Burmester, December’s Organizations: CNN, PGA, Augusta National, PGA Championship, British, Amateur, American Express, LIV Golf, LIV, OWGR, Hero Dubai, CBS, Golf, Augusta, Reuters, 152nd, Puig, Malaysian, Royal Locations: Augusta, Asia, Pacific, America, Saudi, Dubai, Chilean, South Africa, Malaysia, Johannesburg, Kuala Lumpur, Scotland
On July 26, 2020, Villegas and wife Maria’s 22-month-old daughter Mia died following a four-month battle with tumors on the brain and spine. “She was a very little kid, full of energy, and everything seemed to be going in the perfect direction,” Villegas told CNN Sport’s Patrick Snell. Rob Carr/Getty ImagesFront row seatSlowly, but surely, momentum began to change for Villegas, “a little snowball” gathering speed and size. Mia’s Miracles was flourishing under Maria’s presidency, Villegas was back competing at PGA Tour events and then, in December 2021, the greatest boost yet. No surprises as to which foundation Villegas directed the donation towards.
Persons: Camilo Villegas, “ Mia, Villegas, Maria’s, Mia, ” Villegas, CNN Sport’s Patrick Snell, , , putts, , ’ ”, Phil Mickelson, Andy Lyons, Miami’s, Jack Nicklaus, Barbara, Maria, that’s, “ It’s, ” Maria, Rob Carr, Mateo, , – Villegas, Sweden’s Alex Noren, Ross Kinnaird, Mia –, she’s, we’ve, RSM Birdies, Love, “ We’ve, We’ll Organizations: CNN, PGA, Bermuda, Nationwide Children’s, FedEx St Jude, Miami’s Nicklaus Children’s, Health Care Foundation, Getty, Port Royal, RSM Locations: Ohio, Charlotte , North Carolina, Bermuda
REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Nov 7 (Reuters) - British house prices ended six months of consecutive falls in October, reflecting a lack of homes being put up for sale, but prices are still lower than a year ago, mortgage lender Halifax said on Tuesday. Halifax, part of Lloyds Banking Group (LLOY.L), said house prices in October were 1.1% higher than the month before, the first increase since March on a seasonally adjusted basis, after a 0.3% monthly drop in September. This is likely to have strengthened prices in the short-term, rather than prices being driven by buyer demand, which remains weak overall," Kim Kinnaird, director of Halifax Mortgages, said. Compared with a year earlier, house prices in October were 3.2% lower versus a 4.5% annual decline in September, leaving the average house price at 281,974 pounds ($347,279), nearly 10,000 pounds lower than a year earlier. Halifax said it expected further falls in house prices, and a return to growth in 2025.
Persons: Toby Melville, Kim Kinnaird, Kinnaird, David Milliken, Sarah Young, Kate Holton Organizations: REUTERS, Halifax, Lloyds Banking Group, Bank of England, Thomson Locations: Bristol, Britain, Halifax
UK house prices end six-month losing streak - Halifax
  + stars: | 2023-11-07 | by ( David Milliken | ) www.reuters.com   time to read: +2 min
Compared with a year earlier, house prices in October were 3.2% lower versus a 4.5% annual decline in September, leaving the average house price at 281,974 pounds ($347,279), nearly 10,000 pounds lower than a year earlier. British house prices surged during the COVID-19 pandemic due to low interest rates, greater demand and temporary tax breaks. Halifax's house price index is still 18% higher than it was in February 2020, despite a 4% fall since its peak in June 2022. Halifax said it expected house prices to fall further this year, with a return to growth in 2025. "The high cost of borrowing alone is not sufficient to trigger the leg down in house prices we predicted," Capital economist Andrew Wishart said.
Persons: Toby Melville, Kim Kinnaird, Huw Pill, BoE, Kinnaird, Andrew Wishart, David Milliken, Sarah Young, Kate Holton, Bernadette Baum Organizations: REUTERS, Halifax, Lloyds Banking Group, The Bank of England, Capital Economics, Thomson Locations: Bristol, Britain, Halifax, British
REUTERS/Carl Recine/File Photo Acquire Licensing RightsLONDON, Oct 6 (Reuters) - British house prices fell at the fastest pace since 2009 over the 12 months to September, data from mortgage lending Halifax showed on Friday, echoing other measures of the housing market which have slowed after a jump in interest rates. Halifax said house prices were 4.7% lower last month than in September 2022, compared with a 4.5% annual fall in August. Prices fell by 0.4% in September from August, a less severe monthly drop than August's 1.8% slide. Rival lender Nationwide said on Monday its measure of house prices in September were 5.3% lower than a year earlier, matching their fall in August which was the biggest annual drop since 2009, although prices were unchanged in monthly terms. The fall in house prices so far remains much less marked than the climb during the coronavirus pandemic which lasted into last year.
Persons: Carl Recine, Kim Kinnaird, William Schomberg, Sarah Young Organizations: REUTERS, Halifax, Bank of England, Nationwide, Thomson Locations: Liverpool , Merseyside, Britain, Halifax
CNN —Rory McIlroy has said that two heated rows with American caddies left him wanting to “make it hurt” for Team USA, as Europe channeled rage into results to regain the Ryder Cup on Sunday. After confronting LaCava on the green, hostilities reignited in the course’s car park as the 34-year-old got into an angry exchange with another Team USA caddie, Jim “Bones” Mackay. McIlroy confronts LaCava, caddie for Cantlay (right). “I don’t think it just motivated me, it motivated the entire team … we wanted to go out there and make it hurt for them,” McIlroy told BBC Sport. “Everything will be fine,” McIlroy told reporters.
Persons: Rory McIlroy, caddies, , dazzled, Marco Simone Golf, American Patrick Cantlay, Wyndham Clark, McIlroy, Matt Fitzpatrick, Cantlay’s, onlooking, Joe LaCava, LaCava, Jim “, ” Mackay, Zac Goodwin, Shane Lowry, Sam Burns, , ” McIlroy, , ” Lowry, Ross Kinnaird, , Mackay –, Justin Thomas –, Steve Sands, texted, Cantlay, Zach Johnson, Joe, Rory, ” Johnson, Guglielmo Mangiapane Organizations: CNN, Team USA, USA, BBC Sport, Getty, NBC Sports, ” CNN, Cantlay, Northern, Team Europe’s, Ryder, Reuters, U.S . Team Locations: Europe, Rome, American, LaCava, Whistling
CNN —Team USA’s Patrick Cantlay finished with a flourish to complete a much-needed Saturday fightback for his side at the Ryder Cup. “Hopefully we have a ray of light, can build on this session and try and pull off a big victory tomorrow,” Cantlay told reporters. Team USA celebrate Cantlay's winning putt. We just kept fighting,” Burns, who taunted fans with an ear-cupping gesture after a birdie putt at the sixth hole, told reporters. You’re not going to be able to take this partner away from me.”Homa and Harman have struck up a winning partnership in Rome.
Persons: Patrick Cantlay, Marco Simone Golf, Zach Johnson, Wyndham Clark, Rory McIlroy, Matt Fitzpatrick, Luke Donald’s, ” Cantlay, Cantlay's, Andrew Redington, Sam Burns, Collin Morikawa, Viktor Hovland, Ludvig Aberg, Scottie Scheffler’s, Scheffler, Burns, Morikawa, , ” Burns, Mike Ehrmann, Max Homa, USA’s, Brian Harman, Tommy Fleetwood, Nicolai Hojgaard, Harman, Shane Lowry, Sepp Straka, ” Homa, Brian, ” Harman, You’re, Ross Kinnaird, Justin Rose, Robert MacIntyre, Justin Thomas, Jordan Spieth, Jon Rahm Organizations: CNN, Ryder, Marco Simone Golf Club, Whistling, Team USA, American Locations: Europe, Rome, American, Whistling Straits,
Halifax said house prices were 4.6% lower last month than in August 2022, when they were close to their peak. "House prices have proven more resilient than expected so far this year.... The Bank of England has raised interest rates 14 times since December 2021, taking rates to 5.25% in August. Rival mortgage lender Nationwide reported last week that house prices in August were 5.3% lower than a year earlier. Imogen Pattison, assistant economist at Capital Economics, said the bigger-than-expected fall in Halifax house prices supported the consultancy's forecast that house prices would drop a total of 10.5% by mid 2024.
Persons: Phil Noble, Halifax, Kim Kinnaird, Andrew Bailey, Imogen Pattison, David Milliken, Paul Sandle, Emelia Organizations: REUTERS, Halifax, Lloyds Banking Group, Bank of England, Nationwide, Capital Economics, Thomson Locations: Manchester, Britain, Halifax
CNN —Novak Djokovic and Gareth Bale will tee it up at this month’s Ryder Cup – but not for Team Europe. Captains Pavin (L) and Montgomerie lead out their teams at the 2010 Ryder Cup. “The Ryder Cup is a special event,” the five-time Champions League winner said in a press release. “I can’t wait to tee it up in Rome and experience the incredible atmosphere of a Ryder Cup, which has become legendary,” Djokovic said. The Ryder Cup YouTube channel will also stream the match.
Persons: CNN — Novak Djokovic, Gareth Bale, Marco Simone Golf, Colin Montgomerie, Corey Pavin, Pavin, Montgomerie, Ross Kinnaird, Monty sees Bale, Djokovic, Leonardo Fioravanti, Garrett Hilbert, Popert, Carlos Sainz, Andriy Shevchenko, Kathryn Newton, Victor Cruz, Tomasso Perrino, Montgomerie –, Bale, Shevchenko, smartly, , Alex Livesey, Sainz, ” Djokovic, Kipp Organizations: CNN, Team Europe, Welsh, Marco Simone Golf Club, Getty, Italian, Ferrari Formula, Celtic Manor, Former Real Madrid, Tottenham, AC Milan, Ryder, , Sky Sports, YouTube, Team USA Locations: Rome, Italy, USA, Wales, Ukrainian, Hollywood, Whistling Straits
Fresh data on Thursday reinforced the extent of the U.K.'s house price slide this summer, with August prices down by 1.9% on the previous month, the steepest decline since November. The figures are from mortgage lender Halifax and follow prior surveys showing a sharp slowdown from Zoopla and Rightmove. House prices were 4.6% lower year-on-year, the biggest drop since 2009, largely due to the record high property prices seen in summer 2022 — though the average price is still £40,000 ($49,992) above its pre-pandemic level. "It's fair to say that house prices have proven more resilient than expected so far this year, despite higher interest rates weighing on buyer demand," said Kim Kinnaird, director at Halifax Mortgages. "However, there is always a lag-effect where rate increases are concerned, and we may now be seeing a greater impact from higher mortgage costs flowing through to house prices."
Persons: Kim Kinnaird, — Jenni Reid Organizations: Halifax Locations: Halifax
CNN —The teams are in – and Ryder Cup fever has officially taken hold. Team USACaptain: Zach JohnsonA member of five US teams as a player, Johnson is a veteran of the Ryder Cup. Consistency” – who accumulated more Ryder Cup points than the next two closest players combined since the start of 2022. Subsequently, selecting Koepka for his fourth Ryder Cup appearance was an “easy pick” for his captain. Rounding out the American roster are Ryder Cup rookie Burns and Morikawa, who went 3-0-1 on his debut two years ago.
Persons: Zach Johnson, Luke Donald, Marco Simone Golf, It’s, Johnson, Steve Stricker, Stricker, Davis Love III, Jim Furyk, Fred Couples, Stewart Cink, Jonathan Bachman, Scottie Scheffler, Wyndham Clark, Brian Harman, Patrick Cantlay, Max Homa, Xander Schauffele, Scheffler, Ezra Shaw, Clark, Harman, Homa, Schauffele, ” Homa, ” Harman, ” Johnson, Sam Burns, Rickie Fowler, Brooks Koepka, Collin Morikawa, Jordan Spieth, Justin Thomas It’s, LIV, Koepka, , “ Brooks, CNN Thomas, he’s, JT, ” Thomas, Thomas, Ryder, ” Cameron Young, Keegan Bradley, Denny McCarthy, “ Zach, Ross Kinnaird, Spieth, Fowler, Burns, Morikawa, Marco Simone, that’s, Luke Donald He, Donald, Henrik Stenson, Francesco Molinari, Edoardo –, Thomas Bjørn, Nicolas Colsaerts, María, Sergio Garcia, Andrew Redington, Rory McIlroy, Jon Rahm, Viktor Hovland, Tyrrell Hatton, Matt Fitzpatrick, Robert MacIntyre, McIlroy, Rahm, Fitzpatrick, compatriot Hatton, MacIntyre, ” Donald, , Paul Ellis, Captain’s, Tommy Fleetwood, Sepp Straka, Shane Lowry, Justin Rose, Nicolai Højgaard, Ludvig Aberg, Swede, Ludvig, “ He’s, Fabrice Coffrini, Adrian Meronk, Paul Goydos, Adrian, There’s, Straka, Rose, Lowry Organizations: CNN, Ryder, United States, Country Club, Team Europe, Team USA, Whistling, Davis Love, Tour, PGA, CNN Sport, FedEx, Getty, USA, ” Team, Northern, Scottish, Hovland, European, Fleetwood Locations: , Rome, Italy, Whistling Straits, Hazeltine, Saudi, Europe, Hovland, Norwegian, AFP, Switzerland, Crans Montana
But the decline in house prices has so far been small compared with the surge in valuations during the COVID pandemic. Kim Kinnaird, director of Halifax Mortgages, said house prices were likely to continue falling into next year, echoing previous comments by the lender. A Reuters poll of analysts published in early June pointed to a 3% fall in house prices in 2023 before flat-lining in 2024. This should leave house prices 10.5% below their peak on the Nationwide measure." Nationwide, another mortgage lender, said last week its index of house prices fell by the most since 2009 in the 12 months to July.
Persons: Susannah Ireland, Kim Kinnaird, Kinnaird, Imogen Pattison, William Schomberg, Kate Holton, Bernadette Baum Organizations: City of, REUTERS, Halifax, Bank of England, Capital Economics, Nationwide, Thomson Locations: City, City of London, South London, Britain, Halifax
“She knows how much I love this game,” Curry told reporters. Al Messerschmidt / Getty Images Michael Jordan: Any sports fan who has watched "The Last Dance" will know MJ's passion for golf is well-documented. Isaac Brekken / Getty Images Justin Timberlake: The singer and actor has been bringing "SexyBack" to golf for decades. Xaume Olleros / AFP via Getty Images Niall Horan: There's only One Direction the ball is going when the Irish singer-songwriter is at the tee. Ross Kinnaird / Getty Images Tom Holland: Part-time web-slinger, full-time golf swinger -- the "Spider-Man" lead is a self-confessed golf addict.
Persons: Steph Curry, Curry, whisking, Mardy Fish, Ayesha, , ” Curry, “ It’s, Isaiah Vazquez, Patrick Mahomes, Travis Kelce, Aaron Rodgers, Annika Sorenstam, Joe Pavelski, Al Del Greco, Mario Lemieux, Adam Sandler, Sandler, Gilmore, Shooter McGavin, Christopher McDonald, Al Messerschmidt, Michael Jordan, Davis, Jordan, Isaac Brekken, Justin Timberlake, JT strutting, Matt Sullivan, Catherine Zeta, Jones, Michael Douglas, Douglas, Ross Kinnaird, Tom Brady, Brady, Josh Allen, Carmen Mandato, Orlando Ramirez, Jessica Alba, tross, Xaume Olleros, Niall Horan, There's, Tom Holland, Warren Little, Stephen Curry, Celine Dion, René Angélil, Dion, Sam Levi, Miles Teller, Alice Cooper, Cooper, Kathryn Newton, Newton, Ezra Shaw, Sandy Young, , , you’ve Organizations: CNN, Golden State Warriors, American, Edgewood, Hollywood, NFL, Fish, NHL, American NFL, Canadian NHL, NBA, University of North Carolina, PGA, Chicago, Mission, Getty, Management, BMW PGA, Clarkson Creative, Club, Tahoe, LPGA, Ryder, Celtic, Team, Warriors, Los Angeles Lakers, Western Conference Locations: Stateline , Nevada, Florida, British, Alba, Hainan, AFP, Irish, Terrebonne , Quebec, American, Celtic Manor, Wales
House prices dropped 2.6% year-on-year in June, after a 1.1% fall in May, Halifax said. On the month, prices fell 0.1% after a 0.2% monthly drop in May. "How deep or persistent the downturn in house prices will be remains hard to predict," Kinnaird said, adding that falling inflation could offer some support. Halifax said the drop in house prices was largest in the south east of England. In London, prices fell in annual terms by 2.6%, the biggest decline since October 2009.
Persons: Kim Kinnaird, Kinnaird, Andy Bruce, Kate Holton Organizations: Halifax, Bank of, Bank of England, Lloyds Bank, Thomson Locations: Halifax, London, May, Bank of England, England
The average U.K. property now costs £285,932 (£364,490), down from a peak of £293,992 in August 2022. The summer is likely to see price cuts become even more widespread, and we may well see house prices fall more significantly. The summer is likely to see price cuts become even more widespread, and we may well see house prices fall more significantly," she added. In its latest global housing index released Wednesday, the real estate company said U.K. house prices fell 3.1% annually in the first quarter. Mortgage rates continue to rise
Persons: Kim Kinnaird, BOE, Sarah Coles, Hargreaves, Hargreaves Lansdowne Sarah Coles, Hargreaves Lansdowne, Coles, Nathan Stirk, Sellers, Liam Bailey, Knight Frank Organizations: Bank of England, Anadolu Agency, Getty, Hargreaves Lansdowne, CNBC, Mortgage Locations: Halifax
CNN —Wyndham Clark won the 2023 US Open to claim his first major title on Sunday, edging Rory McIlroy in a nail-biting finale at Los Angeles Country Club. Ross Kinnaird/Getty ImagesFor McIlroy, US Open champion in 2011, a nine year wait for a fifth major title continues. The 34-year-old has now finished inside the top-five at 10 major tournaments since winning The Open and PGA Championship in 2014. Ezra Shaw/Getty ImagesUnfortunately for Clark however, up ahead McIlroy was showing the sort of final round composure befitting of his glittering résumé. Heading into the week, McIlroy had twice as many major titles as Clark had made major cuts – yet the world No.
Persons: CNN — Wyndham Clark, Rory McIlroy, Clark, Lise Clark, Clark teared, , , “ I’ve, There’s, Ross Kinnaird, McIlroy, ” McIlroy, Rickie Fowler, , Clark –, Xander Schauffele, Sean M, Scottie Scheffler, Cameron Smith, Fowler, Min Woo Lee, Tommy Fleetwood, Matt Fitzpatrick, Brooks Koepka, Richard Heathcote, Ezra Shaw, birdieing, Viktor Hovland’s, Harry, McIlroy bogeyed, Clark steadied, caddie John Ellis Organizations: CNN, Los Angeles Country Club, PGA Tour, Northern, PGA, Fleetwood, Royal Liverpool Golf Club, Getty Locations: Denver, American
LONDON, June 7 (Reuters) - British house prices dropped on an annual basis in May for the first time in 11 years, and pressure on prospective buyers from higher mortgage rates could deepen the downturn, mortgage lender Halifax said on Wednesday. Kim Kinnaird, director of mortgages at Halifax, said demand was weakening and higher interest rates were likely to increase pressure on house prices. Halifax, part of Lloyds Banking Group (LLOY.L), on Tuesday said it would raise interest rates for its fixed home loans from Wednesday. The stronger-than-expected inflation data raised markets' bets interest rates will peak at 5.5% later this year. Nationwide, another lender, last week reported a steeper 0.5% month-on-month drop in house prices in April and a 3.4% annual decline - the biggest drop since 2009.
Persons: Kim Kinnaird, Liz Truss's, Kinnaird, Myron Jobson, Suban Abdulla, Andy Bruce, Paul Sandle, Barbara Lewis Organizations: Halifax, Lloyds Banking Group, Interactive Investor, Capital Economics, Nationwide, Thomson Locations: Halifax
CNN —Hollywood screenwriters might have rejected the script for being too unbelievable, but Michael Block would not be denied the storybook ending to his PGA Championship fairytale. The 46-year-old – head pro at a public golf club in California – drilled a hole-in-one to put the gloss on a remarkable performance at Oak Hill Country Club in Rochester, New York on Sunday. Or, based on what he charges for an hour-long session at Arroyo Trabuco Golf Club, 1,922 golf lessons. “If it makes any sense, the one thing in the world that makes me cry is golf,” an emotional Block told reporters. They kind of documented my big goal this week was to be the low club pro; right?
Rob Schumacher/USA Today Network Tiger Woods walks the 18th green during the second round on Saturday, April 8. David J. Phillip/AP Fred Couples waves to patrons after finishing his second round on Saturday. Patrick Smith/Getty Images Patrick Cantlay plays a shot from a bunker on the 18th hole on Saturday. Rob Schumacher/USA Today Network Adam Scott plays a bunker shot on the second hole Thursday. Rob Schumacher/USA Today Network Hideki Matsuyama, who won the tournament two years ago, looks over a putt on the second hole.
UK annual house price growth hits 10-year low: Halifax
  + stars: | 2023-05-09 | by ( ) www.reuters.com   time to read: +1 min
LONDON, May 9 (Reuters) - British house prices rose in annual terms by just 0.1% in April, their smallest year-on-year increase since December 2012, mortgage lender Halifax said on Tuesday. Prices fell by 0.3% in month-on-month terms, the first drop this year, after a 0.8% increase in March. Despite the weakness in the market last month, Halifax said it sensed less volatility. Other gauges of the housing market have shown a more stable picture in recent months after the economic plans of former prime minister Liz Truss announced in September triggered turmoil in the mortgage market. "Alongside a market-wide uptick in mortgage approvals, these latest figures may indicate a more steady environment," Kim Kinnaird, director of mortgages at Halifax, said.
UK house prices rise for 3rd month in a row, Halifax says
  + stars: | 2023-04-06 | by ( ) www.reuters.com   time to read: +2 min
LONDON, April 6 (Reuters) - British house prices rose for a third month in a row in March, representing a further calming of the market after the turmoil sparked by former Prime Minister Liz Truss's "mini-budget" last September, data from mortgage lender Halifax showed. House prices rose by 0.8% in month-on-month terms, Halifax said on Thursday, the second-strongest gain since June last year after February's 1.2% increase. A Reuters poll of economists had pointed to a 0.3% drop on the month. House prices were 1.6% higher than a year ago. But other indicators, such as the BoE's mortgage approvals data and a measure of asking prices compiled by property company Rightmove, have suggested the market has become more stable in recent months.
UK house prices bounce unexpectedly in February: Halifax
  + stars: | 2023-03-07 | by ( Andy Bruce | ) www.reuters.com   time to read: +1 min
LONDON, March 7 (Reuters) - British house prices jumped unexpectedly in February, potentially reflecting improvements in consumer confidence and the mortgage market, lender Halifax said on Tuesday, but the overall trend remained downwards. House prices rose 1.1% month-on-month, following a 0.2% rise in January, Halifax said. Most other gauges of the housing market are yet to show a similar improvement after a recent slide in house prices from highs hit following the onset of the COVID-19 pandemic. Last week another lender, Nationwide, said house prices dropped by the most in more than 10 years during February. House prices were 2.1% higher than a year ago, Halifax said.
UK house prices stabilise after four-month fall, Halifax says
  + stars: | 2023-02-07 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Feb 7 (Reuters) - British house prices were unchanged in January after falling in month-on-month terms in each of the previous four months after borrowing costs rose, mortgage lender Halifax said on Tuesday. The annual rate of house price growth slowed to 1.9%, the weakest increase in three years, Halifax said. Kim Kinnaird, a director at Halifax Mortgages, said the trend of higher borrowing costs hitting demand was likely to continue in 2023. "Lower house prices and the potential for interest rates to peak below the level being anticipated last year should lead to an improvement in home-buying affordability over time." Rival mortgage lender Nationwide said last week its measure of house prices dropped by a bigger-than-expected 0.6% in January and was 3.2% below its peak in August.
UK house prices post biggest quarterly drop since 2009: Halifax
  + stars: | 2023-01-06 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Jan 6 (Reuters) - British house prices slid again in December, capping the largest quarterly drop since the financial crisis more than 10 years ago, data from mortgage lender Halifax showed on Friday. The average house price fell 1.5% month-on-month in December, following a 2.4% fall in November and marking the fourth consecutive monthly decline, Halifax said. In quarterly terms, house prices fell 2.5% - the biggest drop since the three months to February 2009. Halifax expects house prices to drop 8% in 2023 - although Kinnaird noted that this would only mean a return to levels last seen in April 2021. House prices surged during the COVID-19 pandemic as people rushed to buy bigger homes with gardens, fuelled by temporary tax incentives.
UK house prices show biggest drop since 2008: Halifax
  + stars: | 2022-12-07 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Dec 7 (Reuters) - British house prices slid last month by the most since the global financial crisis as the slowdown in the housing market intensified, mortgage lender Halifax said on Wednesday. House prices fell 2.3% month-on-month in November, the biggest drop since October 2008 and following a 0.4% decline in October. Other gauges of house prices have also pointed to a slowdown underway, with household budgets squeezed by soaring inflation and rising borrowing costs. Halifax said the month-on-month drop "reflects the worst of the market volatility over recent months". A Reuters poll of economists and property market analysts last week forecast house prices would drop around 5% next year, having risen about 24% since early 2020, according to official data.
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