US Housing Market Rapid Response Case-Shiller/FHFA House Prices (May.) House prices rose for the fourth consecutive month in May according to Case-Shiller. The resurgence in prices has coincided with an uptick in home sales from February to May, in turn driven by a... 25th July 2023 · 2 mins read
UK Housing Market Update Revisiting our estimates of lossmaking rental properties Mortgage rates have risen to a level that could cause costs on a fifth of rental homes to exceed the rent. That is likely to lead to a significant number of forced rental property sales, which will... 19th July 2023 · 4 mins read
Canada Economics Update Housing Watch (Jul.) The pick-up in existing home sales this year has spread to the pre-construction market, with new home sales in Toronto rebounding strongly. Together with the surge in housing starts in June, that... 18th July 2023 · 4 mins read
UK Housing Market Update RICS Residential Market Survey (Jun. 23) As we expected, the rise in the average quoted mortgage rate from 4.4% in May to 5.1% in June caused agreed sales and new buyer enquiries to slump. The deterioration in market conditions has left... 13th July 2023 · 3 mins read
London Housing Markets Chart Pack London Housing Chart Pack (Q3 2023) This new Chart Pack has been designed to replace our Chart Book in response to client feedback to make our insights more accessible, and with more options to incorporate them into your workflow. Use... 10th July 2023 · 1 min read
Europe Economics Focus Further falls in euro-zone house prices to come House prices in the euro-zone have fallen sharply and further declines seem quite likely. This will weigh on construction activity and household consumption, both of which are already weak, and... 5th July 2023 · 10 mins read
Australia & New Zealand Data Response CoreLogic House Prices (Jun.) Australia’s house-price rebound showed no signs of slowing in June. However, with the RBA set to swing its rate hammer a few more times, we’re sticking with our view that the upturn will prove... 3rd July 2023 · 4 mins read
Australia & New Zealand Economics Weekly RBA has more work to do as economy is holding up Although CPI data released this week showed a sharp slowdown in headline inflation, it’s clear that underlying price pressures remain strong. What’s more, yesterday’s retail sales data revealed an... 30th June 2023 · 6 mins read
UK Housing Market Chart Pack Higher rates make further house price falls inevitable Higher mortgage rates have not only priced many buyers out of the market altogether, but also reduced the size of mortgage those still able to buy can take out. The latest surge in mortgage rates to... 28th June 2023 · 10 mins read
US Housing Market Rapid Response Case-Shiller/FHFA House Prices (Apr.) House prices rose in April by the fastest pace in close to a year, reflecting constraints to supply as high mortgage rates have discouraged existing homeowners from moving. Although prices have shown... 27th June 2023 · 2 mins read
US Housing Market Update US Housing Monthly Dashboard Our new Dashboard allows clients to track the key housing market indicators that we follow in real time. This Update outlines what has driven recent developments in these indicators, and our view for... 21st June 2023 · 2 mins read
UK Housing Market Focus What will be the damage from 6% mortgage rates? A return to mortgage rates of around 6% for the first time since 2007 guarantees a renewed slump in mortgage lending and a further leg down in house prices. Were mortgage rates to be sustained at that... 20th June 2023 · 15 mins read
Australia & New Zealand Economic Outlook Aggressive tightening will weigh on activity With inflation remaining very sticky, we now expect the RBA to lift the cash rate to a peak of 4.85% by September, whereas we suspect that the RBNZ is done tightening. Extremely tight monetary policy... 20th June 2023 · 20 mins read
Australia & New Zealand Economics Weekly No relief for Australian mortgagors All signs are that the Australian Prudential Regulation Authority is unlikely to revise its guidance for the minimum serviceability buffer banks must apply when assessing home loan applicants. As a... 16th June 2023 · 4 mins read
