The $20,000 increase in the average loan size that mortgage applicants are seeking from lenders over the past three months may be an early sign that buyer confidence is improving. This should provide further support to home sales. Taken together with the 20% fall in the visible inventory over the past 18 months, the rise in home sales has brought the months’ supply of unsold stock down to a level that is supporting house prices.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services