US Housing Market Data Response FHFA House Prices / Existing Home Sales (May/Jun.) The reopening of the economy and pent-up demand from the spring helped existing home sales bounce back in June. However, with a second wave of infections leading to renewed shutdowns and inventory... 22nd July 2020 · 2 mins read
Teranet House Prices (Jun.) House prices have continued to edge up in recent months despite the lockdown and, as the economy recovers, we think they will remain resilient over the rest of the year. 20th July 2020 · 2 mins read
House prices to be 8% higher by 2022 The housing market looks far stronger than we thought it would a few months ago and we are changing our forecasts accordingly. We now think prices will be broadly unchanged over the rest of 2020... 16th July 2020 · 4 mins read
US Housing Market Chart Pack Strong home demand to support sales and building After a brief pause in the second half of June, record low mortgage rates helped push applications for home purchase to an 11-year high in the first week of July. That will help reverse the earlier... 9th July 2020 · 9 mins read
UK Housing Market Data Response RICS Residential Market Survey (June.) The latest RICS survey suggests activity is increasing at its fastest rate for several years, though these results should still be read with caution as the UK moves out of lockdown. Nonetheless... 9th July 2020 · 2 mins read
US Housing Market Update Larger mortgages won’t necessarily boost price growth The average value of a home purchase mortgage application hit a record high $359,000 at the end of June. But that doesn’t mean house price growth is set to take-off. An increase in the share of new... 6th July 2020 · 3 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Jun.) June’s PMI construction jumped back above 50 for the first time in four months, confirming that activity is starting to return to normal. The improvement was driven by both commercial and residential... 6th July 2020 · 2 mins read
US Housing Market Data Response Mortgage Applications (Jun.) Mortgage applications for home purchase dropped back over the last two weeks of June, even as mortgage rates fell to record lows. The pent-up demand from the spring buying season now looks to have... 1st July 2020 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Jun.) House prices saw another steep fall in June, but low transactions volumes cast doubt on the accuracy of the figures. Looking ahead, there are signs of a recovery in demand, but lenders remain cautious... 1st July 2020 · 2 mins read
Australia & New Zealand Data Response Australia - CoreLogic House Prices (Jun.) The further decline in house prices in June is likely to continue in the coming months even as economic activity recovers. We expect house prices to fall by 5-10% over the coming year. 1st July 2020 · 2 mins read
US Housing Market Data Response Case-Shiller House Prices (Apr.) The further acceleration in annual house price growth on the Case-Shiller measure in April reflected the strength of the housing market at the start of the year, when the impact of the coronavirus was... 30th June 2020 · 2 mins read
Australia & New Zealand Chart Pack Economies coming roaring back Restrictions on activity have lifted in both countries. While some states in Australia still limit the size of groups and capacity at restaurants, New Zealand has now lifted all domestic restrictions... 30th June 2020 · 10 mins read
UK Housing Market Data Response Mortgage Lending (May) Despite the housing market reopening half-way through May, house purchase mortgage approvals once again fell sharply. But signs of a bounce back in buyer demand in June, combined with resilient... 29th June 2020 · 2 mins read
UK Housing Market Update How will the high LTV withdrawal hit lending? The recent withdrawal of high LTV products could impede as many as one in four prospective first-time buyers. More broadly, tighter credit conditions reinforce our view that, despite signs of a surge... 26th June 2020 · 3 mins read
US Housing Market Data Response FHFA House Prices (Apr.) Following a gain of 0.1% m/m in March, the modest 0.2% m/m rise house prices in April shows a marked weakening in house price growth. It is too soon to tell how much of an impact the coronavirus has... 24th June 2020 · 2 mins read
US Housing Market Data Response New Home Sales (May) New home sales reversed most of their coronavirus related decline in May, helped by the gradual reopening of the country. A healthy level of inventory means new sales are well-placed to take advantage... 23rd June 2020 · 2 mins read
