Four-in-five (80 per cent) non-home owning 25-34-years-olds completely lack the required savings and earnings levels to be able to buy a typical first-time buyer home in their region, although windfalls, major lifestyle compromises or pooling resources with a partner does bring them closer to owning, according to new Resolution Foundation research published today (Thursday). The … Continued

  Plummeting home ownership across Manchester and other major northern cities shows housing no longer just a London problem English home ownership has fallen to levels last seen in 1986, with Greater Manchester, South and West Yorkshire and the West Midlands Metropolitan area experiencing double digit falls since their early 2000s peak, according to new … Continued

Average house prices across the UK have increased 5.1 times faster than average weekly earnings over the last five years, the Resolution Foundation said today (Tuesday) in response to the latest ONS House Price Index (HPI). Resolution Foundation analysis of HPI data shows that house prices have increased by 36 per cent since April 2011, … Continued

Post-crash fall in housing costs softened living standards squeeze but recent increases risks holding back the recovery The rising share of income spent on housing over the last two decades is equivalent to a 10p increase in the basic rate of tax for a typical family, according to new Resolution Foundation analysis published today (Tuesday). … Continued

  New figures published today (Wednesday) by the ONS in its Economic Review show that people aged 25-29 are now more likely to rent privately (43.3 per cent) than own a home with mortgage (39 per cent). This tipping point in home ownership across the UK marks a dramatic change from just 15 years ago, … Continued

  The long-established decline in homeownership rates in England appeared to pause last year. However rates again fell among families with children, continuing a longer-term shift into the private rented sector, the Resolution Foundation said today (Thursday) in response to the 2014/15 English Housing Survey. The survey showed a welcome pause in the long-term decline … Continued

Over-45s now account for three-quarters of all home owners The housing ladder is disappearing for most young working households on modest incomes. For this group home ownership is projected to be approaching just one-in-ten by 2025, according to new analysis to be published next week by the independent Resolution Foundation think tank. While the biggest … Continued

Outlook for interest rates mean that a different response will be needed in the next downturn Cutting interest rates will have far less impact in the next downturn than the £22-4bn annual boost to households with mortgages they provided following the last one, according to a new report published today (Thursday) by the Resolution Foundation. … Continued

One in four private renters across the capital are ‘housing pinched’ Around 430,000 households across London – containing 990,000 people – spend more than half of their income on housing costs, according to new analysis published today (Wednesday) by the Resolution Foundation. The analysis shows that the proportion of ‘housing pinched’ households in London (those … Continued

The share of wealth enjoyed by the recently retired has overtaken that held by under 45s since the financial crisis, David Willetts will say at a lecture at Keele University later today (Thursday). Willetts will draw on new analysis by the Resolution Foundation which shows that the share of total wealth held households headed by … Continued

Housing accounts for almost a third of all spending in households headed by someone under 30, compared to less than 20 per cent for those aged 50 to 74, the Resolution Foundation said in response to the latest ONS Family Spending Survey published this morning (Tuesday). The RF analysis of the latest ONS figures show … Continued

The strategies available to help bring rent and mortgage costs within reach of modest income households – from sharing with other families to financial support from parents and moving into a lower quality property – often come at a high personal cost and look to be increasingly ineffective in many parts of the South of … Continued

Close to 1.6 million UK households – the housing pinched – are spending more than half their disposable income on the ongoing costs of housing each month, according to new analysis from the independent think tank the Resolution Foundation published today. Of the 1.6 million housing pinched, retired households and working age households in which … Continued

Dealing with the household debt hangover must be priority for next Parliament as the end of ‘holiday period’ for borrowing costs draws nearer            A comprehensive plan to help tightly-stretched households manage the transition back to a world of more normal interest rates is laid out today in a wide-ranging report … Continued

One in ten of today’s mortgagors risk being imprisoned by borrowing deals which are likely to make their repayments unaffordable as interest rates rise over the next four years according to new research from independent think tank the Resolution Foundation. The study suggests that around 770,000 households fall into both of two potentially problematic categories … Continued

Britain faces the mounting prospect of a household debt crisis as analysis from independent think tank the Resolution Foundation suggests that a least a million British families, and possibly as many as 2 million, could be spending more than half their disposable income on repayments by 2018 The study uses the latest five-year growth projections … Continued

A major expansion of newly built shared ownership could help low and modest income working families across the country onto the property ladder, while keeping their housing costs affordable, according to new analysis from independent think tank the Resolution Foundation. The report, One foot on the ladder, shows that shared ownership – where buyers purchase … Continued

A low-risk income return of 4.7 per cent should be achievable for institutional investors putting money into the private rented sector – a move which could also help solve Britain’s housing crisis for families on modest incomes – suggests an economic study published today. The report identifies a £140 million property portfolio, made up of … Continued

One third of Britain is effectively off-limits to lower-income working families looking to rent a home privately because they can no longer afford a property in those parts of the country. An alarming new report from the Resolution Foundation, the first to give a comprehensive assessment of where less affluent families can reasonably afford to … Continued

The number of families in Britain with perilous levels of debt repayments could more than double to 1.2 million if interest rates rise faster than expected in the next four years and household income growth is weak and uneven, according to new Resolution Foundation analysis. The figures suggest that the ongoing squeeze on households could … Continued

At least 1.3 million families on lower incomes have to spend more than they can reasonably afford on housing the Resolution Foundation reveals today. The figure represents almost one in four of the 5.6 million low-to-middle income households of working age in Britain. At a time when a severe shortage in property supply is pushing … Continued

The planned conversion of the Olympic Village to 1,400 high quality long-term private rental homes should serve as an inspirational model for how to tackle the UK’s housing crisis according to new research published today by independent think tank the Resolution Foundation. The report argues that with one low to middle income family in four … Continued

Just one in four households will own with a mortgage by 2025 if the economy continues to stagnate, pushing record numbers into the private rented sector, new research says today.   A new report commissioned by the Resolution Foundation and Shelter from Cambridge University looks at how the housing market will change if current economic … Continued