UK Housing Market Outlook Lower mortgage rates to outdo higher taxes A fall in mortgage rates from 4.5% now to around 3.6% in late 2025 may mean that, despite increases in taxes in the Budget on 30th October, house prices rise by 5.0% in 2025 rather than the consensus... 22nd October 2024 · 16 mins read
Canada Economics Update Canada Housing Watch (Oct. 2024) Lower mortgage rates have provided a small boost to demand but, with new listings outpacing sales again in September, the sales-to-new listing ratio suggests that house prices will soon fall... 16th October 2024 · 4 mins read
US Housing Market Outlook Lower mortgage rates to gradually thaw frozen market We expect mortgage rates to continue falling, dropping below 6% in 2026. Lower borrowing costs will breathe some life into the market, but stretched affordability and tight supply due to mortgage rate... 10th October 2024 · 14 mins read
UK Housing Market Update RICS Residential Market Survey (Sep. 2024) Surge in supply ahead of Budget may temporarily dampen prices A leap in the number of homes being put up for sale in September, perhaps due to fears of second-homes and rented properties being subject... 10th October 2024 · 3 mins read
US Housing Market Rapid Response Mortgage Applications (Sep. 2024) The impact of lower mortgage rates was finally evident in mortgage applications in September, with applications for home purchase rebounding to a three-month high. With mortgage rates falling to... 2nd October 2024 · 2 mins read
Australia & New Zealand Economics Update Australia CoreLogic House Prices (Sep.) With new listings rising rapidly, the housing market is shifting in favour of buyers. Accordingly, we think house price growth will ease further in the months ahead. 1st October 2024 · 3 mins read
US Housing Market Rapid Response New Home Sales (Aug. 2024) New home sales dropped back slightly in August, which always seemed likely after the 10% surge in transactions the month before, driven by pent-up buyers responding to lower borrowing costs. Still... 25th September 2024 · 2 mins read
US Housing Market Update Sellers lose grip on the market Increased supply and weak demand are both contributing to the slowdown in house price growth. The recent sharp drop in mortgage rates should cause the market to retighten, but it will take time for... 24th September 2024 · 4 mins read
US Housing Market Rapid Response Existing Home Sales (Aug. 2024) The slump in existing home sales in August shows that the sharp fall in mortgage rates since late-July is yet to stimulate the market, although the signs of life in last week’s purchase mortgage... 19th September 2024 · 2 mins read
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
