The existing home market is a happier place these days, arguably past its worst state of health, as demand grows off the dismal lows of early-2009 and the acceleration in house price inflation continues. The FNB House Price Index showed a further increase...
Please see attached for the January FNB House Price Index. This month, we took a special look at the volumes and price trends for “coastal holiday towns, compared to high income metro areas of comparable average price. Not surprisingly, with a stressed...
Please see attached for the December household credit and mortgage numbers. Mortgage advances growth continued its long declining trend, but overall household sector credit growth rose slightly. Although we saw a slight increase in total household sector...
Please see attached for the latest results of the FNB Property Barometer for the 4 th quarter of 2009. T he FNB Residential Property Barometer survey of estate agents continues to point towards residential market improvement. Demand is up further, albeit...
The latest Leading Indicator (A good indicator of near term moves in both the economy as well as the residential mortgage market) datapoint to appear, that of November 2009, indicated a significant further acceleration, on a month-on-month basis the value...
T he November StatsSA building stats continue to point towards an extremely weak picture for the residential building sector. For the 3 months to November 2009, the square metreage of residential buildings completed declined by -35% year-on-year, almost...
Bad news first. The FNB House price Index showed the average house price for 2009 declining by -3.9% for the year as a whole , when compared to the average price for 2008. The good news? Late in the year the index was firmly on an improving trend, with...
According to our sample of deeds data we are observing the following (read through the attached document for more insight) - High priced area end is maintaining its status as the leader in the cycle, with its volumes recovering earlier - The affordable...
Enjoy October's FNB House Price Index (pdf attached), which shows a recorded -1% year-on-year deflation and that the trend is firmly back towards year-on-year inflation (possibly by next month).
Although the South African Reserve Bank (SARB) new mortgage loan numbers remain very weak compared to prior years, it is believed that the mildly diminished rates of year-on-year decline in value of new mortgage lending indicate a household sector that...
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