UK Housing Market Chart Pack

UK Housing Market Chart Pack (Sep. 2024)

We doubt the small fall in Nationwide house prices in August was the start of a renewed downturn. Surveys suggest the recent declines in mortgage rates have led to an increase in housing demand, while...

17th September 2024 · 1 min read

UK Housing Market Update

RICS Residential Market Survey (Aug. 2024)

Rising demand points to faster house price growth August’s RICS survey provided further evidence that housing demand is picking up in response to the recent falls in mortgage rates. What’s more, our...

12th September 2024 · 3 mins read

UK Housing Market Update

Recovery in mortgage lending has further to run

Granular data showed that mortgage lending continued to recover in Q2, supported by a decline in the average mortgage rate on new lending. Our view that mortgage rates will fall further next year...

10th September 2024 · 3 mins read

US Housing Market Rapid Response

Mortgage Applications (Aug. 2024)

The drop in home purchase mortgage applications in August is surprising given the sharp fall in mortgage rates the month before. Some would-be buyers may be delaying their purchases due to increased...

4th September 2024 · 2 mins read

Australia & New Zealand Economics Update

Australia CoreLogic House Prices (Aug.)

With transaction volumes moderating and inventory rising, we expect the Australian housing market to cool in months ahead.

2nd September 2024 · 2 mins read

US Housing Market Rapid Response

New Home Sales (Jul. 2024)

The surge in new home sales in July was driven by pent-up buyers taking advantage of the sharp drop in borrowing costs last month, after having been sidelined earlier this year by high mortgage rates...

23rd August 2024 · 2 mins read

US Housing Market Rapid Response

Existing Home Sales (Jul. 2024)

The small rebound in existing home sales in July seems underwhelming after last month’s large drop in mortgage rates, but the data are based on completed transactions and so it will take at least...

22nd August 2024 · 2 mins read

UK Housing Market Chart Pack

UK Housing Market Chart Pack (Aug. 2024)

Our UK Housing Chart Pack has been updated with the latest data and our analysis of recent developments. The recent drop in mortgage rates has caused house prices to rise a bit faster than expected...

15th August 2024 · 1 min read

US Housing Market Update

Drop in mortgage rates won’t set the market alight

We are sceptical that the recent decline in mortgage rates will revive the housing market. Rates are still high compared to recent years, discouraging homeowners from moving, while most potential new...

12th August 2024 · 4 mins read

UK Housing Market Update

RICS Residential Market Survey (Jul. 2024)

Increasing demand points to stronger price growth Tentative signs from July’s RICS survey add to the growing evidence that demand and prices are starting to pick up. And as lenders start to cut...

8th August 2024 · 3 mins read

US Housing Market Rapid Response

Mortgage Applications (Jul. 2024)

July was a disappointing month for mortgage activity overall, with earlier high borrowing costs causing home purchase applications to slide by 5.4% m/m. All the attention, however, will be on the last...

7th August 2024 · 2 mins read

US Housing Market Chart Pack

US Housing Market Chart Pack (Jul. 2024)

A pullback in buyer demand paired with rising supply has cooled the market, causing house price inflation to ease. However, the recent sharp decline in mortgage rates will offset some of that softness...

6th August 2024 · 1 min 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 Rapid Response

New Home Sales (Jun. 2024)

New home sales were essentially unchanged in June after their 15% slump the month before, not helped by mortgage rates which remained stubbornly high at around 7%. So far in July, borrowing costs have...

24th July 2024 · 2 mins read

US Housing Market Rapid Response

US Existing Home Sales (Jun. 2024)

The sharp rise in mortgage rates in April was the catalyst for existing home sales falling to a 13-year low in June. However, borrowing costs have since receded and timelier indicators of activity...

23rd July 2024 · 2 mins read