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Robert Gardner

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Robert Gardner Life story


Robert Grosvenor Gardner was an American academic, anthropologist, and documentary filmmaker who was the Director of the Film Study Center at Harvard University from 1956 to 1997.

House prices edge higher as signs mortgage rates will fall

House prices edge higher as signs mortgage rates will fall
Dec 1,2023 5:01 am

... Robert Gardner, Nationwide s chief economist, said while house price growth remained weak, the market was " holding up a little better than expected"...

House prices in biggest rise for more than a year

House prices in biggest rise for more than a year
Nov 1,2023 4:41 am

... " This is not surprising as affordability remains stretched, " said Robert Gardner, Nationwide s chief economist...

House buyers look to adapt to higher mortgage rates

House buyers look to adapt to higher mortgage rates
Oct 2,2023 6:56 am

... Robert Gardner, Nationwide s chief economist, said: " There are signs that more buyers are looking towards smaller, less expensive properties, with transaction volumes for flats holding up better than other property types...

House prices are falling, so why can't I afford a home?

House prices are falling, so why can't I afford a home?
Aug 4,2023 7:10 pm

... A 10% deposit would be £20,875, which would be equal to 55% of average annual pay at that time - " an all-time high" said Robert Gardner, Nationwide s chief economist...

Housing market could be hit by higher interest rates, Nationwide warns

Housing market could be hit by higher interest rates, Nationwide warns
Jun 1,2023 3:30 am

... " If maintained, this is likely to exert renewed upward pressure on mortgage rates, " said Robert Gardner, Nationwide s chief economist...

UK house prices in surprise rise in April, says Nationwide

UK house prices in surprise rise in April, says Nationwide
May 2,2023 6:31 am

... However, the number of mortgages being approved is picking up and households feel more confident about their finances, said Robert Gardner, Nationwide s chief economist...

House prices see biggest annual fall since 2009

House prices see biggest annual fall since 2009
Mar 31,2023 4:01 am

... " It will be hard for the market to regain much momentum in the near term since consumer confidence remains weak and household budgets remain under pressure from high inflation, " said Robert Gardner, Nationwide s chief economist...

Annual house price fall biggest in over 10 years

Annual house price fall biggest in over 10 years
Mar 1,2023 2:40 am

... " Economic headwinds look set to remain relatively strong, with the labour market widely expected to weaken as the economy shrinks in the quarters ahead, " said its chief economist Robert Gardner...

House prices edge higher as signs mortgage rates will fall

Feb 1,2023 3:11 am

By Michael RaceBusiness reporter, BBC News

House prices edged up 0. 2% last month amid " encouraging signs" that mortgage rates are starting to come down, the Nationwide has said.

The Building society said financial markets estimated interest rates had peaked and would start to come down, easing affordability pressures.

But its chief economist warned it would be unrealistic to expect a Big Drop in rates and that it would take time.

Interest rates set by The Bank of England are at a 15-year high of 5. 25%.

The Bank has increased its base rate in an attempt to slow down inflation, which is the rate at which consumer prices rise, and ease the cost of living.

But these higher interest rates have pushed up mortgage rates, Making It more expensive for people to afford to buy homes.

The slowdown in the housing market has led to house prices falling year on year, according to Nationwide, with its latest data suggesting property prices were 2% lower in November compared with the same month Last Year .

However, The Building society's data is based on its own mortgage lending, so the figures do not include those who purchase homes with cash or buy-to-let deals. According to the latest official data, cash buyers account for More Than a third of housing sales.

Robert Gardner , Nationwide's chief economist, said while house price growth remained weak, The Market was " holding up a little better than expected".

" There are some encouraging signs that mortgage rates have started to come down, which is going to ease affordability pressures, " He Said , adding that borrowing costs had " really been the brake on The Market " in recent times.

He told The Bbc 's Today programme that financial markets thought interest rates had now peaked and would come down in The Years ahead, which would in turn pull down longer-term rates that underpin mortgages.

" But because affordability is stretched I think it's unrealistic to think that's going to change significantly. Nobody is expecting a dramatic decline in mortgage rates, " he added.

The average two-year fixed mortgage rate is currently 6. 05%, while the average five-year deal Is 5 . 66%, according to financial information service Moneyfacts.

While the markets have bet that interest rates have peaked, The Bank of England has repeatedly warned against suggestions that rates will be cut anytime soon.

Inflation fell to 4. 6% in the year to October, but remains More Than double The Bank 's 2% target.

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Source of news: bbc.com

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