UK Housing Market Update RICS Residential Market Survey (Nov. 2024) November’s RICS survey provides further evidence that housing activity and prices remained resilient to the rise in mortgage rates in November. And our view that mortgage rates will start to fall... 12th December 2024 · 3 mins read
UK Housing Market Rapid Response UK Halifax House Prices (Nov. 2024) The leap in Halifax house prices in November mirrors the jump in the Nationwide measure and suggests that some relief rally or release of pent-up demand after the Budget has more than offset the... 6th December 2024 · 3 mins read
US Housing Market Chart Pack US Housing Market Chart Pack (Nov. 24) Conditions for would-be homebuyers and sellers will not improve much in the near term, with mortgage rates set to remain around 7% through the first half of next year, before modest relief arrives... 2nd December 2024 · 1 min read
UK Housing Market Rapid Response UK Nationwide House Prices (Nov. 2024) November’s surprisingly large rise in the Nationwide house price index suggests the housing market is picking up momentum despite recent rises in mortgage rates. With housing affordability still... 2nd December 2024 · 3 mins read
US Housing Market Rapid Response Case-Shiller/FHFA House Prices (Sep. 2024) The second consecutive moderate 0.3% rise in house prices in September reflects the market picking up momentum over the summer as mortgage rates fell. However, timelier indicators, like the sales-to... 26th November 2024 · 2 mins read
Australia & New Zealand Chart Pack ANZ Chart Pack (Nov. 2024) Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. The Antipodean central banks will tread different paths on policy over the forecast horizon. With the... 21st November 2024 · 1 min read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Nov. 2024) Our new forecast that Bank Rate will fall slower and not as far means that we now think mortgage rates will decline from 4.4% in October to 3.9% by the end of 2026, rather than to 3.5%. But we still... 20th November 2024 · 1 min read
Canada Economics Update Canada Housing Watch (Nov. 2024) Lower mortgage rates appear to be finally sparking a recovery in the housing market, with home sales soaring to a two-and-a-half-year high last month and the sales-to-new listing ratio now pointing to... 19th November 2024 · 4 mins read
Australia & New Zealand Economics Focus Muted housing recovery won’t prevent rapid rate cuts While we expect the RBNZ to cut interest rates by the most since the GFC over the coming year, housing affordability was never as stretched at the start of an easing cycle as it was at the start of... 19th November 2024 · 12 mins read
Australia & New Zealand Economics Update Rising household size will weigh on house prices A plunge in the average household size kept housing demand strong during the pandemic even as population growth ground to a halt. RBA estimates suggest that the average household size has remained low... 18th November 2024 · 4 mins read
UK Housing Market Update Slower rate cuts won’t prevent solid house price gains Our forecast that Bank Rate will fall slower means that we now think mortgage rates will decline from 4.4% now to 3.9% by the end of 2026, rather than to 3.5%. But we still think that mortgage rates... 14th November 2024 · 5 mins read
UK Housing Market Update RICS Residential Market Survey (Oct. 2024) October’s RICS survey points to robust house price growth but the Budget means that mortgages rates will probably fall a bit slower than we previously thought, which will restrain house prices next... 14th November 2024 · 3 mins read
UK Housing Market Rapid Response UK Halifax House Prices (Oct. 2024) October’s 0.2% m/m rise in Halifax house prices suggests that the recent momentum in house prices has a bit further to run. And while the recent rises in swap rates suggest mortgage rates will soon... 7th November 2024 · 4 mins read
UK Housing Market Rapid Response UK Nationwide House Prices (Oct. 2024) October’s 0.1% m/m rise in Nationwide house prices was a bit weaker than expected (consensus forecast +0.3% m/m, CE +0.4% m/m) and suggests that the recent falls in mortgage rates may be providing... 1st November 2024 · 3 mins read
Australia & New Zealand Economics Update Australia CoreLogic House Prices (Oct.) Australia’s housing rally continued to lose steam in October. However, with the RBA set to cut interest rates from early-2025, there are good reasons not to be too bearish on the outlook for house... 31st October 2024 · 3 mins read
