The demand for homes is on the rise. With mortgage affordability very favourable, jobs being created at a decent pace and banks loosening credit criteria, it is no surprise that mortgage applications for home purchase are up by almost 30% on a year earlier. However, that rise in demand is not being matched by an increase in supply, with the months’ supply of homes for sale at 10-year lows. As a result of that mismatch, house price growth is accelerating.
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