Teranet House Prices (Mar.) House price inflation accelerated to a 22-month high in March but, given the disruption caused by the coronavirus outbreak, prices are set to fall in the coming months. 20th April 2020 · 2 mins read
Australia & New Zealand Economic Outlook Output to fall the most since Great Depression The restrictions imposed to limit the spread of the coronavirus will result in GDP falling at a double-digit rate in Australia and New Zealand in Q2. While activity will bounce back over the coming... 20th April 2020 · 20 mins read
UK Housing Market Data Response RICS Residential Market Survey (Mar.) Coronavirus measures have put the housing market on ice. With buyer enquiries and agreed sales in freefall, the market is on track to see a 70% fall in sales this quarter. Meanwhile the collapse in... 9th April 2020 · 2 mins read
Japan Economic Outlook Output to fall more than during global financial crisis Lockdowns will soon be imposed across much of Japan, triggering a decline of more than 10% in economic activity this quarter. The government’s latest fiscal package is intended to help firms stay... 8th April 2020 · 19 mins read
UK Housing Market Data Response Halifax House Prices (Mar.) The Halifax index recorded flat house prices in March, but that tells us little about the effect of the coronavirus. And with very few housing transactions likely to go through across April and May... 7th April 2020 · 2 mins read
UK Housing Market Update What does the housebuilder share slump tell us? The slump in housebuilder share prices reflects the coming collapse in housing sales, which will force builders to shut down production for several months. Indeed, we now expect housing starts to drop... 3rd April 2020 · 3 mins read
China Economics Weekly SMEs, developers & exporters sitting out the recovery The first monthly data points for March add to broader evidence that activity began to bounce back last month. But the recovery already appears to be losing momentum and has been unevenly spread, with... 3rd April 2020 · 7 mins read
UK Housing Market Data Response Nationwide House Prices (Mar.) House price growth accelerated in March, but that reflected sales agreed from before the coronavirus lockdown. Looking ahead, we now expect house prices to fall by around 3% this year. And with the... 2nd April 2020 · 2 mins read
US Housing Market Data Response Mortgage Applications (Mar.) Distress in the MBS market meant mortgage rates were volatile over March, but they started and ended the month at a record low of 3.47%. While that has helped refinance demand, applications for home... 1st April 2020 · 2 mins read
Australia & New Zealand Data Response Australia - CoreLogic House Prices (Mar.) We think the continued rebound in house prices will come to an end before long as the virus outbreak reduces the volume of home sales and weighs on household incomes. 1st April 2020 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Feb.) February saw strong rise in house purchase mortgage approvals, but the coronavirus will prevent any further gains over the coming months. Indeed, given the stringent social distancing measures now in... 30th March 2020 · 2 mins read
US Housing Market Update House prices to fall by 4% The collapse in home sales, and hit to households’ income and savings, means house prices will fall back. But lender forbearance and the fiscal package will prevent a surge in forced sellers, and with... 27th March 2020 · 3 mins read
US Housing Market Update Fiscal package will prevent record high delinquencies A surge in the unemployment rate to 12% in the second quarter will put upward pressure on the mortgage delinquency rate, but an additional $600 week in unemployment insurance should keep the rate... 25th March 2020 · 3 mins read
UK Housing Market Update Demand shock to hit rents in 2020 The economic hit from the coronavirus will cool rental demand, while social distancing measures will tip market dynamics in favour of renters. We have downgraded our forecast for rents and now expect... 25th March 2020 · 3 mins read
Australia & New Zealand Economics Update Australia - House prices should start to fall soon The ban on home auctions and open house viewings will probably result in lower home sales and there’s a growing risk that the government will ban the buying and selling of real estate altogether. Even... 25th March 2020 · 3 mins read
India Chart Pack Virus and Yes Bank debacle dash hopes of recovery It has been a dreadful few weeks for India’s economy. This started with the release of GDP data showing that growth in Q4 slowed to its weakest pace since 2013. And hopes of a near-term recovery have... 19th March 2020 · 10 mins read
