Australia & New Zealand Economic Outlook RBA won’t cut interest rates until mid-2025 Activity has slowed to a standstill in both countries. Although output growth should gather momentum going forward, it will remain below its pre-pandemic average. However, with underlying inflation... 26th June 2024 · 20 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Apr. 2024) The second consecutive moderate 0.3% m/m rise in house prices in April could be a sign that the increase in home listings this year has cooled the market. We think rising supply will eventually be... 25th June 2024 · 2 mins read
Canada Economics Update Canada Housing Watch (Jun. 2024) The housing market was soft in May, with sales and prices edging down, but we expect conditions to improve over the rest of the year as the Bank of Canada cuts interest rates further and mortgage... 17th June 2024 · 4 mins read
UK Housing Market Update UK RICS Residential Market Survey (May 2024) Faltering demand and rising supply mean prices will slip back The May RICS survey was the weakest so far this year, as new demand faltered and sales slowed. With the quantity of homes coming onto the... 13th June 2024 · 3 mins read
UK Housing Market Update Recovery in lending unlikely to gain more momentum The granular data on mortgage lending in Q1 contained some signs of relief following the dip in mortgage rates at the end of last year. But given that decline in rates has since reversed, we don’t... 11th June 2024 · 3 mins read
UK Housing Market Rapid Response UK Halifax House Prices (May 2024) The slight decline in the Halifax house price index in May confirmed that the increase in mortgage rates since the start of the year has caused house prices to stall. Mortgage rates have continued to... 7th June 2024 · 3 mins read
Australia & New Zealand Economics Update Australia CoreLogic House Prices (May) While house price growth accelerated rather sharply in May, stretched affordability points to a renewed slowdown. Indeed, most leading indicators point to a renewed moderation in price growth. 3rd June 2024 · 2 mins read
UK Housing Market Rapid Response UK Nationwide House Prices (May 2024) Despite a small increase in the Nationwide house price index in May, the big picture is that the slight rise in mortgage rates since the start of the year has caused house prices to stagnate. 31st May 2024 · 3 mins read
UK Housing Market Chart Pack UK Housing Market Chart Pack (May 2024) The tick up in mortgage rates since the start of the year has caused demand to soften. As a result, house prices are likely to tread water over the coming months. But our forecast that Bank Rate will... 29th May 2024 · 1 min read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Mar. 2024) The solid 0.3% m/m rise in house prices in March suggests that competition among buyers for the limited number of second-hand homes on the market remains strong. We expect that to continue for the... 28th May 2024 · 2 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (May 2024) Our Australia & New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. The latest data indicate that capacity pressures have continued to ease, a trend... 22nd May 2024 · 1 min read
US Housing Market Update Latest data offer little optimism for apartment rents The latest apartment rent data are consistent with our view that rental growth will be sluggish this year. Although single-family rent growth has fared better, we suspect it will soon start to slow... 21st May 2024 · 2 mins read
US Housing Market Chart Pack US Housing Market Chart Pack (Apr. 2024) Mortgage rates climbed back above 7% last month but we think that trend will soon reverse, with rates falling to 6.5% by year-end. Lower borrowing costs will draw more mortgaged buyers into the market... 14th May 2024 · 1 min read
US Housing Market Update Shutting out institutional buyers won’t lower house prices Lawmakers' current efforts to restrict institutional buying of single-family homes won’t put downward pressure on house prices if enacted, as their market share is minimal. 9th May 2024 · 3 mins read
UK Housing Market Update RICS Residential Market Survey (April 2024) Increasing supply points to softer price growth While sales volumes were robust in April according to the RICS Residential Market Survey, stalling demand and increasing supply suggests that prices... 9th May 2024 · 2 mins read
UK Housing Market Rapid Response Nationwide House Price Index (Apr. 2024) The second consecutive decline in the Nationwide house price index in April confirms that the rise in mortgage rates since the start of the year will prevent further near-term price gains. But as we... 1st May 2024 · 2 mins read
