US Housing Is there still a bright future for Sunbelt apartments? The easing of virus restrictions and return to offices for many white-collar workers will mean that apartment markets in cities such as NYC and Washington D.C. will outperform this year. But we think... 15th April 2021 · 3 mins read
US Housing Market Update Is buying sentiment pointing to a crash in home sales? Record low inventory, surging house prices and stretched affordability have pushed the share of households who think now is a good time to buy a home to the lowest since 2010. But, at the same time... 25th March 2021 · 3 mins read
US Housing Market Update Rising rates will cool, not crash, the housing market We now expect mortgage interest rates will rise to 4.0% by the end of the year, and to 4.25% by end-2022. But housing demand will be supported by a reopening economy, the large fiscal stimulus... 19th March 2021 · 3 mins read
US Housing Market Update Rise in cash-out volume not a risk to the recovery With fewer spending options during the lockdown, the share of cash-out refinances is much lower than usual given the recent surge in house prices. And, while the volume of cash extracted has reached a... 12th March 2021 · 2 mins read
US Housing Reopening less of a positive for Boston apartments Greater availability, lower prices and proximity to NYC have supported demand for Boston apartments during the pandemic. That implies demand may edge back as the country reopens, and some workers... 5th March 2021 · 3 mins read
US Housing Market Update High lumber prices force builders to delay Record high lumber prices are leading to delays in housing starts, and as result the share of homes for sale that have not been started reached a record high in January. While that will constrain... 26th February 2021 · 3 mins read
US Housing Market Update High unemployment to benefit homebuilders An elevated unemployment rate, alongside some relaxation in immigration restrictions, will help ease labour shortages in the residential sector this year. Admittedly, not all parts of the economy are... 17th February 2021 · 3 mins read
US Housing Market Update Haus launches a new house price index As it is based on asking prices, the recently launched Common Haus Price Index (CHPI) could lead other house price indices by 1-2 months, which would make it a useful tool for forecasting short-term... 8th February 2021 · 3 mins read
Europe Commercial Property Update The future for city property In our Future of Property research, we identified important post-pandemic shifts in most real estate sectors. How these trends interact will be key to the outlook for the urban locations where most... 4th February 2021 · 6 mins read
US Housing Market Update Homeownership rate to hold steady in 2021 An improvement in the share of in-person interviews in the fourth quarter HVS survey helped bring the homeownership rate back down from its recent implausible highs. And, with home sales set to slow... 4th February 2021 · 3 mins read
US Housing Market Update How big might the foreclosure wave be? We estimate a backlog of around 850,000 foreclosures will have built-up if the ban is extended until the end of September, similar to the peak seen during the financial crisis. However, not all those... 27th January 2021 · 3 mins read
US Housing Market Update Narrowing spread will keep mortgage rates low With risk-free interest rates not set to drop any further, and home sales constrained by record low inventory, the cost of the prepayment option on MBS will have fallen. Alongside Fed purchases of MBS... 21st January 2021 · 3 mins read
US Housing Market Update Key Calls for 2021 Compared to consensus, we are relatively downbeat on the outlook for home sales this year. Mortgage rates will stay close to record lows, but they will not fall further. Pent-up demand from last... 7th January 2021 · 3 mins read
US Housing Market Update Pandemic will not be the death of cities The pandemic – and the associated increase in working from home – may cause a fundamental shift in the way that cities function in future. But this shift will not necessarily trigger a more... 5th January 2021 · 8 mins read
US Housing Market Update NYC apartment vacancy rates well-placed to recover As the country begins to return normal next year, the hardest hit apartment markets in the country will recover. New York City looks particularly well-placed to benefit from returning non-office-based... 16th December 2020 · 3 mins read
US Housing Market Update Early signs that exodus from cities is easing An important driver of the surge in home sales over recent months has been households leaving apartments in cities to escape COVID-19 and acquire more space to work from home. But a fall in the share... 7th December 2020 · 3 mins read
