UK Housing Market Data Response Halifax House Prices (Jul.) According to the Halifax index, house prices rebounded in July. Along with the recent Nationwide data and stronger lending, this is further support for our view that a house price crash is now... 7th August 2020 · 2 mins read
Australia & New Zealand Economics Weekly Implications of Victoria’s strict lockdown The state of Victoria isn’t getting its virus outbreak under control and imposed draconian restrictions on economic activity this week. These will of course undermine the recovery, but they also mean... 7th August 2020 · 7 mins read
US Housing Market Data Response Mortgage Applications (Jul.) Mortgage applications for home purchase trended down over July, even as the 30-year mortgage rate fell to a record low 3.14%. The working through of pent-up demand from the spring, record low... 5th August 2020 · 2 mins read
Australia & New Zealand Data Response Australia - CoreLogic House Prices (Jul.) The further decline in house prices in July is likely to persist in the coming months given the renewed lockdown and disruptions to activity in Melbourne. We ultimately expect house prices to fall by... 3rd August 2020 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Jul.) House prices bounced back in July, unwinding the fall seen in June. Along with the pickup in lending in June, this reinforces our view that a house price crash is now unlikely. Although, with the... 31st July 2020 · 2 mins read
US Housing Market Data Response FHFA House Prices / Existing Home Sales (May/Jun.) The reopening of the economy and pent-up demand from the spring helped existing home sales bounce back in June. However, with a second wave of infections leading to renewed shutdowns and inventory... 22nd July 2020 · 2 mins read
Teranet House Prices (Jun.) House prices have continued to edge up in recent months despite the lockdown and, as the economy recovers, we think they will remain resilient over the rest of the year. 20th July 2020 · 2 mins read
House prices to be 8% higher by 2022 The housing market looks far stronger than we thought it would a few months ago and we are changing our forecasts accordingly. We now think prices will be broadly unchanged over the rest of 2020... 16th July 2020 · 4 mins read
US Housing Market Chart Pack Strong home demand to support sales and building After a brief pause in the second half of June, record low mortgage rates helped push applications for home purchase to an 11-year high in the first week of July. That will help reverse the earlier... 9th July 2020 · 9 mins read
UK Housing Market Data Response RICS Residential Market Survey (June.) The latest RICS survey suggests activity is increasing at its fastest rate for several years, though these results should still be read with caution as the UK moves out of lockdown. Nonetheless... 9th July 2020 · 2 mins read
US Housing Market Update Larger mortgages won’t necessarily boost price growth The average value of a home purchase mortgage application hit a record high $359,000 at the end of June. But that doesn’t mean house price growth is set to take-off. An increase in the share of new... 6th July 2020 · 3 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Jun.) June’s PMI construction jumped back above 50 for the first time in four months, confirming that activity is starting to return to normal. The improvement was driven by both commercial and residential... 6th July 2020 · 2 mins read
US Housing Market Data Response Mortgage Applications (Jun.) Mortgage applications for home purchase dropped back over the last two weeks of June, even as mortgage rates fell to record lows. The pent-up demand from the spring buying season now looks to have... 1st July 2020 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Jun.) House prices saw another steep fall in June, but low transactions volumes cast doubt on the accuracy of the figures. Looking ahead, there are signs of a recovery in demand, but lenders remain cautious... 1st July 2020 · 2 mins read
Australia & New Zealand Data Response Australia - CoreLogic House Prices (Jun.) The further decline in house prices in June is likely to continue in the coming months even as economic activity recovers. We expect house prices to fall by 5-10% over the coming year. 1st July 2020 · 2 mins read
US Housing Market Data Response Case-Shiller House Prices (Apr.) The further acceleration in annual house price growth on the Case-Shiller measure in April reflected the strength of the housing market at the start of the year, when the impact of the coronavirus was... 30th June 2020 · 2 mins read
