Australia & New Zealand Economics Update Stretched affordability will limit housing rebound The fact that the RBA isn’t cutting interest rates during a housing downturn won’t limit the rebound in house prices, but the extremely stretched level of affordability will do so. Even though we... 3rd July 2025 · 3 mins read
China Economics Update Presales ban wouldn’t support home prices much China is moving toward ending its decades-old system of “presales” for newly-built residential property. This would reduce risks for homebuyers. But hopes that the change would provide a material... 1st July 2025 · 6 mins read
UK Housing Market Rapid Response UK Nationwide House Prices (Jun. 2025) The large fall in the Nationwide measure of house prices in June shows that the housing market is still struggling to recover from the combination of the stamp duty induced lull and the subdued... 1st July 2025 · 3 mins read
Australia & New Zealand Economics Update Australia's housing rebound has further to run House prices rose the most since last year in June and with the RBA set to cut interest rates much further, the housing market will continue to gain momentum. However, affordability will remain quite... 1st July 2025 · 3 mins read
US Housing Market Chart Pack US Housing Market Chart Pack (Jun. 2025) Housing is struggling under the weight of high borrowing costs – a problem unlikely to ease if, as we expect, the Fed holds rates steady this year due to tariff-driven inflation, followed by only a... 30th June 2025 · 1 min read
US Housing Market Update Dip in house prices won’t turn into deeper correction Recent house price declines suggest a shift toward a more buyer-friendly market, as rising home listings increase choice and temper seller expectations. Nonetheless, leading indicators and solid... 30th June 2025 · 4 mins read
UK Economics Rapid Response UK Money & Lending (May 2025) Today’s money and lending data release supports wider evidence that activity was relatively soft in May. But with consumer confidence improving and real wages rising at a healthy clip, we still think... 30th June 2025 · 3 mins read
Australia & New Zealand Economic Outlook ANZ Outlook: Central banks to loosen further as recoveries falter Australia’s economy is struggling to gain momentum, while the recent rebound in activity in New Zealand isn’t likely to be sustained. As the lull in activity lifts spare capacity, underlying price... 26th June 2025 · 20 mins read
US Housing Market Rapid Response US New Home Sales (May 2025) The large fall in new home sales in May cancels out all of the positivity of the past couple of months and serves as a valuable reminder that buyer activity can only rise so far with mortgage rates... 25th June 2025 · 2 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Apr. 2025) After falling in March, the further 0.3% m/m decline in house prices in April raises the risk that prices are entering a sustained downturn, as the market finally buckles under the weight of near-7%... 24th June 2025 · 2 mins read
US Housing Market Rapid Response US Existing Home Sales (May 2025) The small rebound in existing home sales in May could be a sign of things to come, if more supply and the recent rebound in consumer sentiment draw would-be buyers back into the market. However, with... 23rd June 2025 · 2 mins read
UK Commercial Property Update UK multifamily returns to be supported by easing costs A combination of factors, including surging energy and wage costs and an increased regulatory burden, have pushed multifamily operational costs to over 40% of rent, cutting income returns. But with... 19th June 2025 · 3 mins read
US Housing Market Rapid Response US Housing Starts (May 2025) The sharp drop in housing starts in May is not as bad as it looks, as it was entirely due to a steep decline in groundbreaking in the volatile multi-family sector, while unseasonably wet weather in... 18th June 2025 · 2 mins read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Jun. 25) UK commercial property is on the road to recovery and lending to the sector has been strong in recent months. But with yields set to remain stable, the rise in capital values will be modest over the... 18th June 2025 · 1 min read
UK Housing Market Update Why UK housing demand can recover despite high mortgage rates Two developments in borrower and lending behaviour mean that housing activity and prices can be higher than before the pandemic for any given mortgage rate. That’s why we expect housing transactions... 18th June 2025 · 6 mins read
UK Housing Market Update UK RICS Residential Market Survey (May 2025) While May’s RICS survey suggests the worst of the housing market’s recent weakness is in the rear view mirror, it points to only a modest recovery. Unless there is a more significant rebound in demand... 12th June 2025 · 3 mins read
