Skip to main content

Higher mortgage rates and lack of stock hits activity

Mortgage interest rate are rising gradually which, coupled with a lack of inventory, has meant mortgage applications for home purchase resumed their downward trend in October. That implies home sales will struggle to gain momentum over the next few months. Even so, tight market conditions mean house price growth on the Case-Shiller measure exceeded 6% y/y in August, a three-year high.

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


Get access