total jobs On FinancialServicesCrossing

103,347

new jobs this week On EmploymentCrossing

198,162

total jobs on EmploymentCrossing network available to our members

2,542,309

job type count

On FinancialServicesCrossing

Strong Housing Gains Driving Economic Growth

0 Views
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
Summary: Consumer spending, increased investment and a hot housing market have led the UK economy to beat first quarter predictions.

Consumer spending, increased investment and a hot housing market have led the UK economy to beat first quarter predictions. The GDP is up almost 3% from last year at the same time and is 2.8% higher than earlier forecasts had expected. Fuelling the economy has been an growing housing market, where housing values continue to climb, despite recent rate hikes that the Bank of England had hoped would cool things off a bit. The interest rates of almost 6% are at a 6 year high, but investors and home buyers seem to be ignoring rising rates. Home buyers in the last year have almost universally reported substantial and record increases on the equity value of their homes, and as long as housing values continue to rise, analysts expect that demand for housing and other loans will remain strong. Consumer spending is up at 0.6% over the last quarter, and investment has risen by almost 2%. Services are by far the largest sector of the economy, and this sector has also shown strong growth. Analysts say that the real engine behind the economic growth is a housing market that is giving people the confidence to spend. With housing values having risen at 13% over the last year, there are a lot of home owners with some extra money, and extra confidence right now. Financial services have shown strong growth, partly in response to an increasing demand for equity and home based loans, as people move to take advantage of the rise in equity values, and the dramatic housing value increases that have allowed them a bigger financial cushion to work with. Many advisors are forecasting another interest rate rise to combat the strong economy and increasing inflation, and many savvy loan seekers are using the current relatively low rates to lock into a fixed equity or home loan now, before the likely higher rates to come. The housing market shows no signs of cooling, even with central planning measures, and the economy should continue to grow driven by a housing market engine that is pushing up consumer confidence and spending.
If this article has helped you in some way, will you say thanks by sharing it through a share, like, a link, or an email to someone you think would appreciate the reference.



I was facing the seven-year itch at my previous workplace. Thanks to EmploymentCrossing, I'm committed to a fantastic sales job in downtown Manhattan.
Joseph L - New York, NY
  • All we do is research jobs.
  • Our team of researchers, programmers, and analysts find you jobs from over 1,000 career pages and other sources
  • Our members get more interviews and jobs than people who use "public job boards"
Shoot for the moon. Even if you miss it, you will land among the stars.
FinancialServicesCrossing - #1 Job Aggregation and Private Job-Opening Research Service — The Most Quality Jobs Anywhere
FinancialServicesCrossing is the first job consolidation service in the employment industry to seek to include every job that exists in the world.
Copyright © 2022 FinancialServicesCrossing - All rights reserved. 168