US Housing Market Outlook

US Housing Outlook: No clear path to housing recovery

Activity in the housing market has been struck in a slump since 2023, with still no end in sight. As Trump’s immigration and trade policies push up inflation this year, the Fed will be forced to keep...

10th July 2025 · 12 mins read

UK Housing Market Update

UK RICS Residential Market Survey (Jun. 2025)

While June’s RICS survey suggests most of the recent weakness in the housing market was due to the temporary influence of the change in stamp duty, it doesn’t yet point to a marked recovery in demand...

10th July 2025 · 3 mins read

APAC Commercial Property Chart Pack

APAC Commercial Property Chart Pack (Q2 2025)

All-property Asia-Pacific capital values fell at a slower rate of 3.4% y/y in Q1, driven by smaller declines in Australia and Hong Kong. But looking ahead, we expect the upturn in both investment...

9th July 2025 · 0 mins read

US Commercial Property Apartment Metros Outlook

US Apartment Metros Outlook: Houston apartment market set for lift-off

The size and speed of the apartment market recovery will vary widely across the 17 metros we cover over our five-year forecast. Southern markets are generally set to outperform, backed by strong...

8th July 2025 · 7 mins read

UK Housing Market Chart Pack

UK Housing Market Chart Pack (Jul. 2025)

The big 0.8% m/m fall in Nationwide house prices in June suggests that the housing market is still struggling to recover from both the stamp duty-induced lull and the weak economy. While some leading...

3rd July 2025 · 1 min read

Global Commercial Property Chart Pack

Global Commercial Property Chartpack (Q2 2025)

The gradual recovery in property values underway in Europe is unlikely to be pushed off track by tariff developments this year, but we think values still have further to fall in the US and APAC as...

2nd July 2025 · 1 min read

US Housing Market Chart Pack

US Housing Market Chart Pack (Jun. 2025)

Housing is struggling under the weight of high borrowing costs – a problem unlikely to ease if, as we expect, the Fed holds rates steady this year due to tariff-driven inflation, followed by only a...

30th June 2025 · 1 min read

US Housing Market Update

Dip in house prices won’t turn into deeper correction

Recent house price declines suggest a shift toward a more buyer-friendly market, as rising home listings increase choice and temper seller expectations. Nonetheless, leading indicators and solid...

30th June 2025 · 4 mins read

APAC Commercial Property Outlook

APAC Commercial Property Outlook: Values to fall as region’s markets struggle to recover

The outlook for the Asia-Pacific markets is relatively poor. We think higher-for-longer bond yields will limit the pace of recovery in this cycle globally, but this will be compounded by a weak...

27th June 2025 · 20 mins read

US Commercial Property Outlook

US Commercial Property Outlook: More capital value falls to come in all sectors this year

We think the short-term outlook for capital values is poor, with valuations looking stretched across all measures. This does not appear to be reflected in other forecasts, meaning our forecasts for...

24th June 2025 · 22 mins read

US Housing Market Rapid Response

US Case-Shiller/FHFA House Prices (Apr. 2025)

After falling in March, the further 0.3% m/m decline in house prices in April raises the risk that prices are entering a sustained downturn, as the market finally buckles under the weight of near-7%...

24th June 2025 · 2 mins read

UK Commercial Property Update

UK multifamily returns to be supported by easing costs

A combination of factors, including surging energy and wage costs and an increased regulatory burden, have pushed multifamily operational costs to over 40% of rent, cutting income returns. But with...

19th June 2025 · 3 mins read

US Housing Market Rapid Response

US Housing Starts (May 2025)

The sharp drop in housing starts in May is not as bad as it looks, as it was entirely due to a steep decline in groundbreaking in the volatile multi-family sector, while unseasonably wet weather in...

18th June 2025 · 2 mins read

US Housing Market Rapid Response

US Mortgage Applications (May 2025)

The rise in home purchase mortgage applications in May still leaves them just shy of where they were in January and very low by historical standards, supporting our view that homebuying activity will...

4th June 2025 · 1 min read

US Commercial Property Chart Pack

US Commercial Property Chart Pack (Q2 2025)

All-property capital values edged up by 0.1% in Q1, marking the first increase since mid-2022. Meanwhile, appraisal-based cap rates were flat after compressing by a slight margin in Q4 2024. We still...

30th May 2025 · 1 min read