High interest rates and falling house prices will fundamentally alter both the housing market, and also the economy. The last two house price crashes co-incided with two deep recessions and if prices fall as much as expected, it will worsen an already weak economy. But, it is not all bad news, falling prices could be …
This week 2 year fixed mortgage rates rose above 6% – the highest level since Liz Truss’s mini budget of September. Why is UK Facing a New Mortgage Crisis?Watch this video on YouTube It threatens to add an extra £2,500 a year to the average mortgage. By next year, total mortgage payments could be an …
Is the UK Heading for a Pre-Election RECESSION?Watch this video on YouTube Last year, the Bank of England made a very gloomy prediction for the UK economy – a deep and prolonged recession. They were wrong, the UK avoided recession and grew more strongly than some expected, but the downside is that the Bank of …
House prices are falling in most parts of the country. With prices around £15,000 lower than last summer. After a prolonged boom, the house price inflation rate is turning negative with some of the fastest falls since the last crash. Adjusted for inflation, the real house price fall is 11% lower than last summer. FALLING …
Like many, my fixed rate mortgage deal expires very soon and so I am left with firstly the shock of how much the mortgage will increase and secondly the difficult question of whether to get a fixed rate mortgage or a variable tracker mortgage. Fixed or Variable Mortgage – What Should I Get?Watch this video …
Greed Inflation is a term used to describe a higher inflation rate due to firms increasing their profit margins. In a period of high inflation, it becomes easier for firms to slip in rising profit margins too. Greed inflation is more likely in markets where firms have a degree of monopoly power and they can …
In both 2007 and 1991, house prices fell 20%, will see something similar this year? The really interesting question is whether house prices return to the post-war levels of affordability like after the crashes of 1990 and to a lesser extent 2008. Will The House Price Crash Be Like 1991 and 2008?Watch this video on …
I began a Youtube channel in 2009, and despite the dire quality got quite a few views. But, I decided there was no future in making videos, so I stuck to writing a blog. In the summer of 2022, my website traffic was stagnant and I was looking for a way to boost my website, …