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Archive for the ‘Mortgages’ Category

Mortgage lending still not getting any better and the stagnant trend is expected to continue in 2012 with approvals for home loans facing a record low. This downward trend is expected to push house prices even lower.

The number of home loans were expected to increase, but have actually continued to decline after tax incentives have expired.

The figures show that the limited lending conditions are still impacting the real estate and housing markets negatively and suggests that the housing market will continue to decline until credit channels open up.

Independent surveys and news reports continue to imply small activity in the housing sector, but the number of foreclosures continue to offset growth

Let’s hope that the mortgage industry can endure another slow slide down the industry ladder for at least another couple fiscal quarters.