Does the UK housing market really need more help?
However, this slow growth should be viewed together with Australia’s read here high household debt-to-income ratio, which the RBA has warned about. It is at 147.3 per cent, lower than the record-level of 153 per cent which it reached before the financial crisis, according to data from the central bank. As Bloomberg has pointed out, that’s still higher than the 133 per cent household debt-to-income ratio for Americans at the peak of the subprime mortgage boom, according to Federal Reserve Bank of San Francisco data. 3. Lending standards Closely linked to a strong rise in credit growth are banks’ lending standards.
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Why I Feel the Housing Market Is Topping Out
However, I feel there could be a sort of bubble on the horizon. Why I Feel the Housing Market Is Topping Out Chart courtesy of http://www.StockCharts.com Let me explain. The upward move in the housing market has largely been driven by foreclosures, short sales, and very affordable mortgage rates. The problem now is that financing rates are not going to stay at these low levels indefinitely. Interest rates are heading up, folks, and its not a matter of if, but when.
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It could require the banks to hold more capital for loans made in certain markets. There could also be additional caps placed on loan-to-value or loan-to-income. Miller added that Bank’s monetary policy was set up nationally despite large regional differences and said a regional approach to regulation could be enforced for housing. He said: The Bank should do it now before the housing market become unsustainable . The real problem Boulger had concerns about the Bank taking a regional approach to lending would be discriminatory.
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