Despite a small uptick in July, home sales have held in a narrow 3.9-4.1 million annualised range since mid-2023, a historically weak level that highlights the lack of momentum in the struggling existing home market. We expect activity to pick up modestly in the second half of the year, but high borrowing costs will continue to limit deals, keeping sales below a muted 4.15m annualised.
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:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services