US Housing Market Outlook Stretched affordability to hit sales and prices Despite a reduction in our mortgage rate forecast, affordability is still set to be as stretched as it was during the mid-2000s housing boom. Alongside record-low homebuyer sentiment and a slowing... 12th August 2022 · 18 mins read
US Commercial Property Outlook Southern metros to outperform Since the release of our previous Apartment Metro Outlook three months ago the interest rate environment has become more negative for real estate, and we now expect yields to rise in many metros this... 12th July 2022 · 11 mins read
US Housing Market Outlook Home sales and prices to cool as affordability worsens Mortgage rates have risen faster than we originally anticipated and we now expect them to peak at 5.6% in mid-2023. That’s below the level of around 6% which we think risks tiggering a housing market... 29th April 2022 · 18 mins read
US Housing Market Outlook Apartment Metro Outlook Following a surge last year, rental growth at the national level is set to slow over the next couple of years as demand falls back and affordability constraints bite. Alongside a gradual rise in... 7th April 2022 · 11 mins read
US Housing Market Outlook Home sales and prices to cool as affordability worsens Mortgage rates are on the rise, and we expect the 30-year rate will increase to 4.0% by end-2022 and 4.5% by end-2023. While that only takes mortgage rates back to where they were in early 2019, house... 28th January 2022 · 17 mins read
US Housing Market Outlook Major Apartment Markets Outlook (Q4 2021) Apartment markets in major coastal cities underperformed the national average in 2021, as they were more heavily impacted by lockdowns and the move of some households to cheaper, sunbelt cities. But... 17th December 2021 · 8 mins read
US Housing Market Outlook Rising mortgage rates will cool house price growth Mortgage rates have risen to a six-month high and will increase further over the next couple of years. While inventory is set to remain tight, cutting the risk of an outright fall in house prices... 28th October 2021 · 18 mins read
US Housing Market Outlook Major Apartment Markets Outlook (Q3 2021) The apartment market is set for a stellar year. The reopening of cities is bringing vacancy rates down and pushing rents up, and strong investor demand has led to a sharp fall in yields. We expect... 1st October 2021 · 8 mins read
US Housing Home sales to ease even as mortgage rates stay low Even as mortgage rates have remained low, housing market activity has dropped back as booming house prices, tight credit conditions and a lack of inventory have put off buyers. We expect that dynamic... 15th July 2021 · 17 mins read
US Housing Major Apartment Markets Outlook (Q2 2021) With cities reopening apartment demand will see a substantial rise this year, boosted by the arrival of households who delayed a move last year. Vacancy rates will fall back in all six major cities... 29th June 2021 · 8 mins read
US Housing Market Outlook Higher mortgage rates to cool red hot housing market After a bumper second half of 2020, housing market activity will lose steam in 2021 as higher mortgage interest rates and record low inventory weigh on home sales. House price growth will also fall... 19th April 2021 · 17 mins read
US Housing Market Outlook Housing market to cool in 2021 The housing market boomed in the latter half of 2020, as record low mortgage rates, displacement due to COVID-19 and increased savings boosted home demand. But those drivers will ease in 2021 and... 23rd December 2020 · 17 mins read
US Housing Market Outlook Home sales to fall as inventory runs out Record low mortgage rates, pent-up demand from the spring and some movement out of cities have helped drive home sales to 13-year highs. But with inventory falling to record lows, mortgage lending... 16th October 2020 · 17 mins read
US Housing Market Outlook Lack of inventory to weigh on home sales recovery Record low mortgage rates have helped housing demand to recover swiftly from the shock of the coronavirus, with mortgage applications for home purchase recently hitting a 10-year high. Home sales have... 23rd July 2020 · 17 mins read
US Housing Market Outlook Home sales to drop to record lows The disruption caused by the coronavirus will lead to unprecedented falls in housing market activity. We expect home sales will drop by 50% q/q in the second quarter, single-family housing starts will... 21st April 2020 · 17 mins read
US Housing Market Outlook Low mortgage rates will give housing starts a boost Mortgage interest rates have been close to 4% since October, and we expect they will stay at that level over the next couple of years. However, the support that will give to housing demand will be... 20th December 2019 · 16 mins read
