US Housing Market Chart Pack

US Housing Market Chart Pack (Apr. 2024)

Mortgage rates climbed back above 7% last month but we think that trend will soon reverse, with rates falling to 6.5% by year-end. Lower borrowing costs will draw more mortgaged buyers into the market...

14th May 2024 · 1 min read

US Housing Market Update

Shutting out institutional buyers won’t lower house prices

Lawmakers' current efforts to restrict institutional buying of single-family homes won’t put downward pressure on house prices if enacted, as their market share is minimal.

9th May 2024 · 3 mins read

UK Housing Market Update

RICS Residential Market Survey (April 2024)

Increasing supply points to softer price growth While sales volumes were robust in April according to the RICS Residential Market Survey, stalling demand and increasing supply suggests that prices...

9th May 2024 · 2 mins read

UK Housing Market Rapid Response

Nationwide House Price Index (Apr. 2024)

The second consecutive decline in the Nationwide house price index in April confirms that the rise in mortgage rates since the start of the year will prevent further near-term price gains. But as we...

1st May 2024 · 2 mins read

Australia & New Zealand Economics Update

Australia CoreLogic House Prices (Apr.)

The housing rebound that began early last year continued to lose momentum in April. With affordability likely to remain stretched for the foreseeable future, house price growth will only ease further...

1st May 2024 · 2 mins read

US Housing Market Rapid Response

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

The substantial shortage of existing homes for sale fueled a robust 0.4% m/m rise in house prices in February, consistent with our above-consensus call that house price growth will end 2024 at 5% y/y.

30th April 2024 · 2 mins read

UK Economics Weekly

Stock market rally only a small support for consumers

Our equity and house price forecasts imply household net wealth will rise significantly over the next three years. Even so, we estimate that household net wealth as a share of disposable incomes will...

26th April 2024 · 4 mins read

US Housing Market Update

What later Fed rate cuts mean for the housing market

A later start to Fed rate cuts than we anticipated will push the fall in mortgage rates and recovery in activity into the second half of the year. But as we think that the Fed Funds rate will...

25th April 2024 · 3 mins read

Europe Economics Update

Why are Spanish house prices rising?

Spanish house prices have risen 5% over the last two years despite rising interest rates. The relative affordability of houses in Spain is the main reason that the market remains strong, but the...

25th April 2024 · 4 mins read

London Housing Markets Chart Pack

London Housing Chart Pack (Q2 2024)

House price growth in London remains negative according to the ONS, but timelier measures of house prices and sentiment suggest that activity has picked up and prices are regaining momentum. The...

25th April 2024 · 1 min read

US Housing Market Chart Pack

US Housing Market Chart Pack (Mar. 2024)

Even if mortgage rates fall to 6.5% this year as we expect, homeowners will still be discouraged from listing their home, ensuring supply remains tight. At the same time, mortgaged buyer demand should...

18th April 2024 · 1 min read

Australia & New Zealand Chart Pack

Australia & New Zealand Chart Pack (Apr. 2024)

Our Australia and New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. The minutes of their most recent meetings revealed that the RBA and the RBNZ...

11th April 2024 · 1 min read

UK Housing Market Update

UK RICS Residential Market Survey (Mar. 24)

Cautious optimism from surveyors on prices and activity The slight increase in the balances for past prices and new buyer enquiries in the RICS Residential Market Survey for March showed that demand...

11th April 2024 · 3 mins read

US Housing Market Update

Rising home listings won’t derail our price forecast

We think that reports of a wave of new resale supply coming onto the market are overblown. While the number of homes being listed for sale has increased compared to last year, it is still low by...

9th April 2024 · 3 mins read

UK Housing Market Rapid Response

UK Halifax House Prices (Mar. 24)

The first decline in the Halifax House price Index in six months confirmed that the slight rise in mortgage rates since the start of the year has caused house prices to stall.

5th April 2024 · 2 mins read