Mortgage Approvals Jump to highest in 2 years

Five Fact Friday 30 Aug 2024

Zoopla HPI shows 7 year record high listings and sale delays for price droppers

🏡 New Zoopla data just dropped 🏡

The stock of homes for sale continues to increase and stands at a 7-year high of 33 homes per agent, giving buyers even more choice. pic.twitter.com/iSql7mhXR7
— Zoopla (@Zoopla) August 29, 2024

https://assets.ctfassets.net/02vwvgr6spsr/5w99HETUtORhsbw5XOIVBj/69ec7d1266bcde10d4680b4994fe8f37/HPI_Aug_2024_-_ZP.pdf

Nationwide reports small fall in average mortgaged transaction index value (aka ‘house prices’)

Imprecise, unknown sample size, monthly mortgaged-only house transaction value index (not average) changes a bit again.

Being reported as "unexpected house price falls."
Down 0.2% MoM
Up 2.4% YoY.https://t.co/T4GkOwoAzu
— Moving Home with Charlie (@moving_charlie) August 30, 2024

ONS Housebuilding Data shows Q1 Housebuilding at 50% of gov target

Latest ONS figures out today show UK Housebuilding at just 50% of Labour's target.

ONS national housebuilding figures out today show that just 37,140 were built in Q1 2024, putting the UK on track to build some 153,000 this year

That's the lowest since 2016 and just half annual…
— Moving Home with Charlie (@moving_charlie) August 30, 2024

https://www.ons.gov.uk/peoplepopulationandcommunity/housing/datasets/ukhousebuildingpermanentdwellingsstartedandcompleted

UK House Prices Post Surprise Fall Despite BOE Rate Reduction

UK house prices fell unexpectedly in August, according to one of the top mortgage lenders https://t.co/wyyrurqp80
— Bloomberg UK (@BloombergUK) August 30, 2024

It’s not really ‘despite rate reduction’ though, is it.

Bank of England Mortgage Approvals JUMP to highest since pre mini-budget.

This is significant housing news which no one else has picked up:

July Mortgage approvals: ACTUAL 73,000, highest since Aug 2022.

Significantly higher than the seasonally-adjusted 62,000 figure in the banks commentary and the graph below.https://t.co/jYhNIei8cc pic.twitter.com/RcO72xJBCb
— Moving Home with Charlie (@moving_charlie) August 30, 2024

Net sales agreed YTD up 14% up on this time last year

What is currently happening in the UK property market? – Property Industry Eye