House market slowing, lenders say
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Mortgage lending fell 4% in September, the Council of Mortgage Lenders says - a further sign that the housing market is slowing.
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U.S. manufacturing growth eased in September to its slowest in more than a year, but home sales and construction figures suggested a less abrupt decline in the housing sector than many experts had foreseen.
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Signs of a housing slowdown are now beginning to surface across the UK as a fall in the number of new buyers has now created a surplus of properties, suggests the latest Hometrack house price survey.
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Property prices are falling at rates not seen since the 1990s housing recession, surveyors warn.
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Business & money: Sixth successive month of price falls, and mortgage lending at two-year low despite rate cuts
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Mortgage lending has fallen for two successive months for the first time in four years, reinforcing observations of a weakening property market.
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UNITED KINGDOM - The process of property market weakening has been recently observed due to declining mortgage lending for the last two months in a row in the UK.
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House prices will decline 2 per cent over the next year as the market experiences a &quot;measured slowdown&quot;, the Halifax said yesterday.
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US new home sales in July fell 6.4 percent to a 1.134 million annual rate, the year&#39;s slowest pace and a sign housing may provide less fuel for the economy in coming months.
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Business activity, capital spending  and hiring slowed in the third quarter in response to  tightening credit conditions and a rapidly deteriorating  housing market, an industry survey showed on Monday.
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Even borrowers with strong credit are feeling the pinch as home values fall and monthly payments rise.
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U.S. consumers' appetite to purchase  homes and refinance existing loans fizzled last week despite a  decline in mortgage rates, an industry trade group said on  Wednesday.
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Higher interest rates significantly slowed down house price growth in June, a leading survey says today, adding to mounting evidence that the housing market is running out of steam.
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Housing activity has slowed from  recent years but the dragdown should not lead to a recession,  mortgage finance company Freddie Mac  said on Thursday  in its monthly economic outlook.
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House price growth remained subdued in September, offering further proof of a slowdown in the property market, figures showed today.
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There was a sharp slowdown in mortgage lending last month, says the Council of Mortgage Lenders.
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U.S. manufacturing growth eased in  September to its slowest in more than a year, but home sales  and construction figures suggested a less abrupt decline in the  housing sector than many experts had foreseen.