US Housing Market Data Response Existing Home Sales (Oct.) Existing home sales surprised on the upside in October, rising to a 15-year high. However, even with mortgage rates set to stay low, we expect sales will see some retrenchment over the next few months... 19th November 2020 · 2 mins read
US Housing Market Update Strong housing markets give recoveries a helping hand A striking development in the past few months is how well housing markets in developed markets have generally been doing. We expect this to peter out next year, although in most cases house price... 19th November 2020 · 6 mins read
UK Housing Market Update Strong housing markets give recoveries a helping hand A striking development in the past few months is how well housing markets in developed markets have generally been doing. We expect this to peter out next year, although in most cases house price... 19th November 2020 · 6 mins read
Global Economics Update Strong housing markets give recoveries a helping hand A striking development in the past few months is how well housing markets in developed markets have generally been doing. We expect this to peter out next year, although in most cases house price... 19th November 2020 · 6 mins read
US Commercial Property Update Fall in FTB share good news for future rental demand Rising rental vacancy rates in large cities have not been accompanied by a surge in first-time buyers (FTBs). Indeed, 2020 saw the lowest share of FTBs since 1987. That implies many of those rental... 18th November 2020 · 3 mins read
US Housing Market Update Fall in FTB share good news for future rental demand Rising rental vacancy rates in large cities have not been accompanied by a surge in first-time buyers (FTBs). Indeed, 2020 saw the lowest share of FTBs since 1987. That implies many of those rental... 18th November 2020 · 3 mins read
US Housing Market Data Response Housing Starts (Oct.) Single-family starts had another strong month in October, and are now up 75% compared to their trough in April. Record low inventory is supporting homebuilder confidence, and that points to further... 18th November 2020 · 2 mins read
Japan Chart Pack Only light-touch restrictions on horizon for now Japan is in the midst of a third wave of COVID-19. Daily infections have already reached their previous early-August peak. Only the Hokkaido Government has responded with countermeasures so far... 17th November 2020 · 10 mins read
US Commercial Property Data Response Commercial Property Lending (Oct.) Outstanding real estate debt fell markedly in October, but this was fully driven by a drop in residential loan balances. Commercial real estate debt was up only marginally, but the bigger point is... 13th November 2020 · 2 mins read
US Housing Market Chart Pack Rise in mortgage rates will temper housing demand The 30-year mortgage rate fell below 3% last week, but we doubt it will stay there for long. A rise in 10-year Treasury yields means mortgage rates will soon tick-up. That will weigh on housing demand... 12th November 2020 · 8 mins read
UK Commercial Property Update Have we been too pessimistic about pricing in 2020? Third quarter data make it look increasingly likely that our year-end price forecasts will prove to be too negative. However, with the UK still on course for a capital value fall of close to 10% this... 12th November 2020 · 3 mins read
Europe Commercial Property Update Have we been too pessimistic about pricing in 2020? Third quarter data make it look increasingly likely that our year-end price forecasts will prove to be too negative. However, with the UK still on course for a capital value fall of close to 10% this... 12th November 2020 · 3 mins read
US Commercial Property Update Have we been too pessimistic about pricing in 2020? Third quarter data make it look increasingly likely that our year-end price forecasts will prove to be too negative. However, with the UK still on course for a capital value fall of close to 10% this... 12th November 2020 · 3 mins read
UK Housing Market Data Response RICS Residential Market Survey (Oct.) The housing market remains exceedingly buoyant, with both the number of sales and house prices rising further in October. But like us, surveyors are increasingly doubtful that the price gains and... 12th November 2020 · 2 mins read
UK Housing Market Update Could cladding issues weigh on the housing market? Cladding issues are a downside risk to our already weak housing transactions forecasts for next year. If there continues to be severe testing delays and no change in policy, transactions could end up... 9th November 2020 · 3 mins read
UK Housing Market Data Response Halifax House Prices (Oct.) The smallest monthly increase in house prices since June shows that the surge in house prices was losing steam even before the second lockdown was announced. With the economic outlook deteriorating... 6th November 2020 · 2 mins read
