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
US Commercial Property Apartment Metros Outlook Houston climbs to the top of the apartment rankings We expect a surge in completions and a slowdown in employment growth to push vacancy higher in most of our 17 metros over the next year or so. Atlanta and Houston are two key exceptions to this rule... 4th April 2024 · 7 mins read
US Housing Market Rapid Response US Mortgage Applications (Mar. 2024) Mortgage rates dipping back below 7% helped mortgage applications for home purchase edge slightly higher in March. But recent increases in the 10-year Treasury yield point to mortgage rates climbing... 3rd April 2024 · 2 mins read
Canada Chart Pack Canada Chart Pack (Mar. 2024) The economy made a strong start to the year, but that was largely due to temporary factors that will soon fade. With spare capacity emerging, particularly in the labour market, downward progress on... 2nd April 2024 · 1 min read
UK Economics Rapid Response UK Money & Credit (Feb. 2024) February’s money and credit figures show the dip in mortgage rates at the start of the year boosted mortgage approvals to a 17-month high. This is unlikely to continue in the near term. But if we’re... 2nd April 2024 · 3 mins read
Australia & New Zealand Economics Update Australia CoreLogic House Prices (Mar.) Australian house prices continued to pare their gains last month. And a further loss of momentum appears likely in the near term, especially given that the RBA is unlikely to come to the housing... 2nd April 2024 · 3 mins read
Australia & New Zealand Economic Outlook Monetary policy will remain restrictive for longer Australia’s GDP growth will remain soft throughout the first half of the year so the recent stalling in inflation should be followed by a renewed moderation. However, as the labour market remains very... 27th March 2024 · 20 mins read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Mar. 2024) A pause in the fall in mortgage rates and a rise in the number of homes coming onto the market mean house price growth will stall in the near term. But our forecast that Bank Rate will be cut further... 26th March 2024 · 1 min read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Jan. 2024) The fairly large gain in house prices in January points to a rebound in price growth driven by the fall in mortgage rates towards the end of last year. Although its early in the year, today’s data fit... 26th March 2024 · 3 mins read
US Housing Market Update Renting to remain substantially cheaper than buying As mortgage rates fall, we think the difference between the cost of buying and renting will narrow from the current all-time highs. But even by 2026, renting will remain by far the more cost-effective... 25th March 2024 · 3 mins read
US Housing Market Rapid Response US Existing Home Sales (Feb. 2024) Existing home sales rose in February which we think largely reflects the sharp fall in mortgage rates at the end of last year. But borrowing costs have been rising so far in 2024, which in the near... 21st March 2024 · 2 mins read
US Housing Market Rapid Response US Housing Starts (Feb. 2024) The strong rebound in housing starts last month confirmed January’s slump was a weather-related blip. Although we expected starts to bounce back, February’s data were even stronger than we had... 19th March 2024 · 2 mins read
Canada Economics Update Canada Housing Watch (Mar.) House prices stabilised in February and, despite emerging signs of financial stress among households, we believe that the risk of renewed price declines is limited. Nonetheless, with affordability so... 18th March 2024 · 4 mins read
US Housing Market Update Southern house price outperformance to last The national average house price has risen by nearly 50% since the start of the pandemic, but that masks a lot of regional variation. The rise in house prices in southern metros has been even larger... 18th March 2024 · 4 mins read
UK Housing Market Outlook Fall in mortgage rates will allow market to recover A slight rise in mortgage rates since the start of the year is likely to mean house prices stall in the near term. But our forecast that Bank Rate will be cut faster than most expect, to 3.00% by the... 15th March 2024 · 18 mins read
UK Housing Market Update RICS Residential Market Survey (Feb. 24) The February RICS Residential Market Survey revealed a jump in the supply of homes for sale which, paired with a slight rise in mortgage rates, means that house price gains are likely to stall in the... 13th March 2024 · 3 mins read
