UK Housing Market Rapid Response

UK Nationwide House Price Index (Jul. 2024)

1st August 2024 · 4 mins read

Australia & New Zealand Economics Update

Australia CoreLogic House Prices (Jul.)

Australian house prices gained a bit of momentum in July. However, leading indicators continue to suggest that the housing market will cool markedly in the months ahead. Even if house price growth...

1st August 2024 · 3 mins read

US Housing Market Update

Strong supply weighing on house prices in the Sun Belt

Significant homebuilding in the Sun Belt region over the past three years has restored housing inventory to pre-pandemic levels, which is why house prices there have stalled. In contrast, markets in...

30th July 2024 · 4 mins read

US Housing Market Rapid Response

Case-Shiller/FHFA House Prices (May 2024)

Another moderate 0.3% m/m rise in house prices in May adds to the evidence that sellers are losing their grip on the market due to increasing supply. Do not write our forecast for a 5% gain in house...

30th July 2024 · 1 min read

Australia & New Zealand Economics Update

Making sense of Australia’s two-speed housing cycle

Much of the recent resilience in Australia’s house price growth can be attributed to a handful of capital cities where the property markets have gone from strength to strength. We believe that there...

23rd July 2024 · 4 mins read

US Housing Market Outlook

Market still tight, but slowly moving towards balance

We expect mortgage rates to continue falling, but not by enough to fully offset the effects of mortgage rate ‘lock-in’. As a result, although we expect existing home sales to rebound, we forecast that...

16th July 2024 · 15 mins read

UK Housing Market Update

RICS Residential Market Survey (Jun. 2024)

Revival unlikely to materialise as soon as surveyors hope While demand continued to slip back in June, surveyors were optimistic it would soon pick up. Given elevated mortgage rates we suspect the...

11th July 2024 · 3 mins read

UK Housing Market Rapid Response

UK Halifax House Prices (Jun. 2024)

As the first economic data release under a Labour government since 2010, the decline in Halifax house prices in June meant that Labour’s tenure got off to a slightly downbeat start. However, while we...

5th July 2024 · 2 mins read

UK Housing Market Rapid Response

Nationwide House Prices (Jun. 2024)

Although house prices rose slightly in June, an earlier dip means they were flat on the quarter in Q2. With signs mortgage rates are causing demand to falter and that supply is improving, we think...

1st July 2024 · 3 mins read

Australia & New Zealand Economics Update

Australia CoreLogic House Prices (Jun.)

Australian house price gains softened just a smidge in June as housing demand held up reasonably well. However, as strained affordability takes its toll, we still think that house price growth will...

1st July 2024 · 3 mins read

UK Housing Market Update

House prices to slip back in the near term

The slight increase in mortgage rates since the beginning of the year appears to have reached a tipping point for demand. At the same time, the supply of homes being put up for sale has increased...

27th June 2024 · 4 mins read

Australia & New Zealand Economic Outlook

RBA won’t cut interest rates until mid-2025

Activity has slowed to a standstill in both countries. Although output growth should gather momentum going forward, it will remain below its pre-pandemic average. However, with underlying inflation...

26th June 2024 · 20 mins read

US Housing Market Rapid Response

US Case-Shiller/FHFA House Prices (Apr. 2024)

The second consecutive moderate 0.3% m/m rise in house prices in April could be a sign that the increase in home listings this year has cooled the market. We think rising supply will eventually be...

25th June 2024 · 2 mins read

Canada Economics Update

Canada Housing Watch (Jun. 2024)

The housing market was soft in May, with sales and prices edging down, but we expect conditions to improve over the rest of the year as the Bank of Canada cuts interest rates further and mortgage...

17th June 2024 · 4 mins read

UK Housing Market Update

UK RICS Residential Market Survey (May 2024)

Faltering demand and rising supply mean prices will slip back The May RICS survey was the weakest so far this year, as new demand faltered and sales slowed. With the quantity of homes coming onto the...

13th June 2024 · 3 mins read