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Top related persons:
Imogen Pattison - 4 William Schomberg - 2 Kim Kinnaird - 2 Robert Gardner - 1 BoE - 1 Gardner - 1 Pattison - 1 Jason Neely - 1
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Britain Halifax Manchester City City of London South London
Top related orgs:
Capital Economics - 4 Nationwide - 3 Thomson - 3 REUTERS - 2 Halifax - 2 Bank of England - 2 Royal Institution - 1 Chartered Surveyors - 1

Search resuls for: "Imogen Pattison"


4 mentions found


☆ UK house prices show surprise rise in October - Nationwide
  + stars: | 2023-11-01 | by ( William Schomberg | ) www.reuters.com   time to read: +2 min
Prices increased by 0.9% from September when they had risen by a marginal 0.1%, Nationwide said. It was the biggest monthly increase since August 2022. Economists polled by Reuters had expected prices to fall by a monthly 0.4% and by 4.8% year on year. "The uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained," Nationwide Chief Economist Robert Gardner said. "While some buyers are able to accept higher mortgage payments, helping to prop up house prices, their number is dwindling as shown by the drop in mortgage approvals in September," Pattison said.
Persons: Robert Gardner, BoE, Gardner, Imogen Pattison, Pattison, William Schomberg, Jason Neely Organizations: Nationwide, Reuters, Royal Institution, Chartered Surveyors, Bank of England's, Capital Economics, Thomson
☆ Sales of newly built homes reverse course, drop nearly 9% in August
  + stars: | 2023-09-26 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Sales of newly built homes fell 8.7% in August from July, to a seasonally adjusted annualized pace of 675,000 units, according to the U.S. Census Bureau. The Census count is based on signed contracts during the month, and mortgage rates took a sharp jump higher. The median price of a newly built home sold in August was $430,300, a drop of 2% compared with August of last year. Homebuilders have been lowering prices as well as offering more incentives, like buying down mortgage rates. One of the nation's largest homebuilders, Lennar, recently reported strong earnings, but that was for a quarter where mortgage rates hadn't hit their highest yet.
Persons: Imogen Pattison, Homebuilders, Stuart Miller, Miller, Robert Dietz, NAHB's Organizations: . Census, Mortgage News, Capital Economics, National Association of Home Builders
☆ UK house prices fall by most since 2009 as rate rises bite
  + stars: | 2023-09-07 | by ( David Milliken | ) www.reuters.com   time to read: +2 min
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
☆ UK house prices fall for 4th month but market shows resilience - Halifax
  + stars: | 2023-08-07 | by ( William Schomberg | ) www.reuters.com   time to read: +3 min
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
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