Canada Economic Outlook Further falls in GDP to trigger interest rate cuts Further declines in GDP in the coming quarters mean that the economy is unlikely to grow at all next year. Weak growth and a return in inflation to the 2% target will leave scope for the Bank of... 7th December 2023 · 14 mins read
UK Housing Market Rapid Response Halifax House Prices (Nov. 2023) The second consecutive monthly rise in the Halifax house price index in November mirrored the increase in the Nationwide index, confirming that house prices have not only stabilised, but are rising... 7th December 2023 · 3 mins read
UK Housing Market Rapid Response Nationwide House Prices (Nov. 23) The further small increase in the Nationwide house price index in November was unexpected and came on the heels of an even larger rise in October. It means house prices are on track to fall by just 2%... 1st December 2023 · 2 mins read
Australia & New Zealand Economics Weekly RBA has succeeded in stamping out housing rebound House price growth has been slowing in recent months and CoreLogic's daily data suggest that prices are now falling again in Melbourne and Sydney. A renewed downturn in the housing market suggests... 1st December 2023 · 6 mins read
Australia & New Zealand Data Response Australia CoreLogic House Prices (Nov.) House price growth kept slowing in Australia in November and, with affordability the most stretched since the early 1990s, that slowdown has further to run. 30th November 2023 · 3 mins read
US Housing Market Rapid Response Case-Shiller/FHFA House Prices (Sep. 2023) Another large monthly gain in house prices in September suggests that the extremely limited supply of existing homes for sale continued to outstrip the drag on demand from high mortgage rates. This... 28th November 2023 · 3 mins read
Event UK Housing Drop-In: Is the worst behind the UK housing market? 1701423000 Chief Property Economist Andrew Burrell and Andrew Wishart, who leads our UK housing coverage, held a client briefing shortly after the release of t
US Housing Market Outlook Falling mortgage rates won't spark major recovery Housing market activity is likely to recover from here, driven by falling mortgage rates. That said, they are set to remain high relative to recent history. Our view is that mortgage rates won’t drop... 21st November 2023 · 15 mins read
UK Housing Market Outlook Prices to bottom out, but activity will remain soft Surprisingly resilient demand, high inflation, and limited supply mean a severe drop in house prices will be avoided. With the peak in mortgage rates now behind us and the labour market in good shape... 21st November 2023 · 17 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Nov. 2023) Our Australia and New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. We believe that central banks in both Australia and New Zealand are done... 17th November 2023 · 1 min read
Canada Economics Update Housing Watch. (Nov.) The fall in new listings in October may ease some concerns about forced home sales but, with the sales-to-new listing ratio declining again, it is still likely that the pace of house price declines... 16th November 2023 · 4 mins read
UK Housing Market Update RICS Residential Market Survey (Oct. 23) The past prices balance remained deeply negative in October contradicting the 1% m/m increases in house prices recorded by both Halifax and Nationwide. But a recovery in buyer enquiries suggests the... 9th November 2023 · 2 mins read
UK Housing Market Update Further sharp drop in house prices unlikely The rise in house prices in October was a challenge to our long-held view that high borrowing costs will cause them to drop further. The resilience of prices in part reflects longer mortgage terms... 7th November 2023 · 3 mins read
UK Housing Market Rapid Response Halifax House Prices (Oct. 23) The increase in the Halifax house price index in October confirmed that house prices are rising, suggesting that the high cost of borrowing alone is not sufficient to trigger the leg down we predicted... 7th November 2023 · 3 mins read
Canada Economics Update Risk of forced home sales is rising There are increasing signs that the most leveraged borrowers are struggling to refinance their mortgages with traditional lenders. The small but meaningful number of insured mortgage holders who took... 6th November 2023 · 4 mins read
UK Housing Market Rapid Response Nationwide House Prices (Oct. 2023) The large increase in house prices in October was a massive surprise given higher mortgage rates should be severely restricting the number of people able to buy and the amount they can spend. But at... 1st November 2023 · 4 mins read
