US Housing Market Update House prices to benefit from lower mortgage rates With mortgage rates set to drop to 3.8% over the next couple of weeks, and inventory tight, we have edged up our house price forecast and now expect a rise of 3% this year. But a slowing economy and... 19th August 2019 · 3 mins read
UK Housing Market Update Is owning still better than renting? The era of sustained, rapid house price growth appears to be over. But even so, the cost of owning a home is still favourable compared to renting and is likely to stay that way. That suggests that... 19th August 2019 · 3 mins read
US Housing Market Data Response Housing Starts (Jul.) Single-family starts and building permits both increased in July, as lower interest rates, a tight existing home market and the decline in the backlog of previously authorised homes have encouraged... 16th August 2019 · 2 mins read
US Housing Market Update Rise in sentiment good news for starts, not sales The Fannie Mae Home Purchase Sentiment Index has hit a record high, but the detail shows the share of households who see now as a good time to buy is still relatively low. High house prices and a lack... 14th August 2019 · 3 mins read
China Data Response Activity & Spending (Jul.) After improving in June, economic conditions worsened across the board last month as growth in industrial production, capital spending and retail sales all dropped back. We see more weakness on the... 14th August 2019 · 2 mins read
UK Housing Market Update A surge in London rents is coming London’s rental market is shifting to a new phase of adjustment. Low returns and tax changes are driving landlords from the market, while rising wages and low unemployment are supporting tenant demand... 13th August 2019 · 5 mins read
Emerging Europe Economics Update Time to worry about Russia’s household credit boom? The recent pace of Russian household lending looks frothy, but the central bank already appears to have taken some of the steam out of the credit boom. Even if household loans start turning sour... 8th August 2019 · 3 mins read
UK Housing Market Data Response RICS Residential Market Survey (Jul.) The latest RICS survey showed a housing market struggling to gather any upward momentum. With Brexit uncertainty poised to intensify in the coming months, we expect house prices and transactions to... 8th August 2019 · 2 mins read
Australia & New Zealand Data Response Impending house supply shortages to support prices The recent slump in dwelling starts means that housing supply will fall short of demand from next year. That suggests that house prices will continue to rise over the coming months. 8th August 2019 · 2 mins read
US Housing Market Data Response Mortgage Applications (Jul.) Despite a steady decline in mortgage interest rates, mortgage applications for home purchase had dropped to a five-month low by the end of July. The recent drop in the 10-year Treasury yield means... 7th August 2019 · 2 mins read
UK Housing Market Chart Pack Rise in demand will be short-lived Housing demand improved in June for the first time in over two years. But with the rise driven heavily by regions with the most expensive prices, and another Brexit deadline looming, that doesn’t... 7th August 2019 · 10 mins read
UK Housing Market Data Response Halifax House Prices (Jul.) House price growth on the Halifax index once again outpaced the other main indices. But we wouldn’t put too much weight on that result. With house prices very high relative to incomes and the... 7th August 2019 · 2 mins read
US Housing Market Chart Pack Lack of inventory keeps home sales grounded The fall in mortgage interest rates gave mortgage applications for home purchase a boost earlier this year, but a lack of inventory meant that did not translate into home sales. (See Chart 1.) Total... 6th August 2019 · 9 mins read
US Housing Market Update What’s driving the gap between mortgages and sales? The number of mortgage applications for home purchase jumped earlier this year, but those buyers came up against the tightest market conditions for 40-years. Increased competition for homes crowded... 2nd August 2019 · 3 mins read
UK Housing Market Update Are more young adults moving out? Data from the English Housing Survey suggests that rising tenant demand has come from newly formed households. That could reflect more young adults moving out of their parents’ homes, and supports our... 1st August 2019 · 3 mins read
Australia & New Zealand Data Response CoreLogic House Prices (Jul.) House prices appear to be bottoming with an average increase in prices across the eight capital cities in July. We expect prices will remain around this level for the rest of 2019 before rising by 3%... 1st August 2019 · 2 mins read
