US Housing Market Outlook Home sales and prices to cool as affordability worsens Mortgage rates have risen faster than we originally anticipated and we now expect them to peak at 5.6% in mid-2023. That’s below the level of around 6% which we think risks tiggering a housing market... 29th April 2022 · 18 mins read
UK Housing Market Data Response Nationwide House Prices (Apr.) The slowdown in house price inflation in April adds to signs that the housing market is beginning to cool and suggests that the peak in house price inflation is now behind us. We expect house prices... 29th April 2022 · 2 mins read
UK Housing Market Update House prices will fall in 2023 and 2024 Our new, higher, interest rate forecasts mean that we now expect house prices to fall marginally in 2023 and 2024. While there are risks on both sides, our base case is that prices drop by 5% overall... 27th April 2022 · 3 mins read
US Housing Market Data Response Case-Shiller/FHFA & New Home Sales (Feb./Mar.) Month-on-month house price growth rose to a record high in February, as households desperate to buy before interest rates increased bid up the price of those few homes for sale. But the surge in... 26th April 2022 · 2 mins read
UK Housing Market Chart Pack Pick up in London demand will be fleeting Despite the permanent increase in working from home, the end of pandemic restrictions has triggered a resurgence in demand in London’s rental and house purchase markets. Annual inflation in the ONS... 22nd April 2022 · 6 mins read
US Housing Market Update Can cash buyers keep house prices booming? Rising mortgage interest rates and tight credit conditions pushed the cash buyer share of existing home sales to a six-year high in March. But while the cash buyer share and house price growth are... 21st April 2022 · 3 mins read
Australia & New Zealand Chart Pack Central Bankers’ confidence dilemma Inflation is surging in both Australia and New Zealand. That is putting pressure on central banks to hike interest rates to slow the economy and curb inflation. But both the RBNZ and the RBA... 21st April 2022 · 11 mins read
US Housing Market Data Response Existing Home Sales (Mar.) Surging mortgage interest rates pushed March existing home sales down to their lowest since the height of COVID-19-restirctions in mid-2020. We expect mortgage rates to rise further over the next year... 20th April 2022 · 2 mins read
Australia & New Zealand Economics Update Australia - Government support won’t prevent housing downturn The expansion of the government’s “Home Guarantee Scheme” will only result in a modest boost to housing demand. And with affordability set to worsen sharply as the RBA hikes interest rates, it won’t... 20th April 2022 · 3 mins read
US Housing Market Data Response Housing Starts (Mar.) Housing starts rose a by a marginal 0.3% m/m in March, driven by the volatile multifamily sector. Single-family starts saw a small fall, as did building permits. While we expect new home demand to be... 19th April 2022 · 2 mins read
UK Housing Market Update Builders cautious despite strong demand Despite facing very strong demand housebuilders appear reluctant to commit to new sites. This is because a shortage of materials is delaying completions, while rising interest rates and the end of the... 19th April 2022 · 2 mins read
Australia & New Zealand Economics Focus Australia - How far can interest rates rise? Most analysts are overestimating the near-term negative impact of RBA rate hikes on household finances and are therefore underestimating the degree of tightening required to bring inflation under... 19th April 2022 · 16 mins read
UK Commercial Property Data Response Credit Conditions Survey (Q1 2022) Banks expect mortgage availability to fall back in Q2 as lenders push up borrowing rates to reflect increases in Bank Rate, but other lending criteria are expected to be stable or loosen. 14th April 2022 · 2 mins read
US Housing Market Update Desperate buyers give home sales and prices a boost The surge in mortgage rates means home buyers with a mortgage preapproval from late January will see a rise in mortgage payments of 15% if they can’t find a home before their approval expires at the... 13th April 2022 · 3 mins read
US Housing Market Chart Pack Mortgage rates set to rise to over 5% Mortgage rates are set to rise to over 5% within the next couple of weeks which will help cool, but not crash, housing market activity. Pent-up demand from the last couple of years as buyers have... 8th April 2022 · 9 mins read
US Housing Market Outlook Apartment Metro Outlook Following a surge last year, rental growth at the national level is set to slow over the next couple of years as demand falls back and affordability constraints bite. Alongside a gradual rise in... 7th April 2022 · 11 mins read