US Housing Market Chart Pack US Housing Market Chart Pack (Mar. 25) We think markets are too optimistic about Fed rate cuts this year, meaning the recent dip in mortgage rates is just a temporary respite. We expect rates to rebound to 7% and hover around that level... 25th March 2025 · 1 min read
US Housing Market Rapid Response US New Home Sales (Feb. 2025) After a large partly weather-driven fall in January, last month’s small rebound in new home sales was a little underwhelming but still illustrates that the market for new homes is in decent shape. 25th March 2025 · 2 mins read
US Housing Market Rapid Response US Existing Home Sales (Feb 2025) The small rise in existing home sales in February is unlikely to mark the start of a period of strength for buying activity given that purchase mortgage applications, which lead transactions by a... 20th March 2025 · 1 min read
UK Housing Market Update UK RICS Residential Market Survey (Feb. 2025) February’s RICS survey suggests the downside risks to our 2025 forecasts for housing demand and prices from the weak economy continue to grow. But bigger falls in mortgage rates than most expect over... 13th March 2025 · 3 mins read
US Housing Market Rapid Response US Mortgage Applications (Feb. 2025) The sharp fall in home purchase mortgage applications in February confirms that the rebound in mortgage rates late last year is suppressing home purchase demand. Recent declines in Treasury yields... 5th March 2025 · 2 mins read
Australia & New Zealand Economics Update Australia’s house price slowdown has further to run The modest uptick in Australian house prices last month is unlikely to mark the beginning of a meaningful rally. With the Reserve Bank of Australia set to deliver a shallow easing cycle, housing... 3rd March 2025 · 3 mins read
US Housing Market Rapid Response US New Home Sales (Jan 2025) The large fall in new home sales in January was to be expected given the disruption from the unseasonably severe winter weather. While sales should rebound this month, elevated mortgage rates will... 26th February 2025 · 2 mins read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Feb. 2025) The acceleration in house price growth in January suggests the housing market has maintained momentum as the wider economy is losing it. What’s more, our forecast for mortgage rates to fall further... 26th February 2025 · 1 min read
Event Drop-In: Can the UK housing market continue to shrug off the weak economy? 1741186800 The strength of the recovery in housing activity and prices in the second half of last year caught many off guard.
US Housing Market Rapid Response US Existing Home Sales (Jan. 2025) The fall in existing home sales in January reflects weak deal-making at the end of last year due to the surge in mortgage rates. Given that borrowing costs have stayed above 7% since then, we expect... 21st February 2025 · 1 min read
US Housing Market Chart Pack US Housing Market Chart Pack (Feb. 25) We think the window for further Fed interest rate cuts has closed, so mortgage rates should remain near their current 7% level this year, before a little more relief arrives in 2026. There will still... 18th February 2025 · 1 min read
UK Housing Market Update Still optimistic on UK house prices, but downside risks growing A weaker economy than we previously thought could mean housing demand is a bit more subdued than we expect. But our forecast for mortgage rates to fall further than is widely anticipated suggests... 17th February 2025 · 5 mins read
UK Housing Market Update RICS Residential Market Survey (Jan. 2025) January’s RICS survey suggests that the recent rises in mortgage rates and the downbeat economic outlook weighed on housing demand at the start of this year. But bigger falls in mortgage rates than... 13th February 2025 · 4 mins read
UK Commercial Property Rapid Response S&P Global/ CIPS UK Construction PMI (Jan. 25) The headline CIPS construction PMI dropped to 48.1 in January, from 53.3 in December, indicating the first contraction in activity since February 2024. 6th February 2025 · 1 min read
US Housing Market Rapid Response US Mortgage Applications (Jan. 2025) The steep rise in home purchase mortgage applications in January left applications at their highest level since June 2023. However, taking a step back, activity remains extremely depressed compared to... 5th February 2025 · 2 mins read
Australia & New Zealand Economics Update Rate cuts not a panacea for Australia’s housing market Australia’s housing slowdown continued into the new year, as demand softened further. Although the prospect of imminent rate cuts could temporarily buoy buyer sentiment, we don’t expect a meaningful... 3rd February 2025 · 3 mins read
