Housing View – December 10, 2021

On cross-country:

  • Interest rate hikes will not dim the allure of property. Whatever the gyrations of the markets, most of us seem to have an innate fondness for real assets – FT
  • Gentrification and Affordable Housing Policies – CEPA

On the US:   

  • Rise in U.S. house prices to halve next year, affordability to worsen – Reuters poll – Reuters
  • Top Housing Markets for 2022 – Realtor.com
  • Zillow’s Hot Housing Takes for 2022 – Zillow 
  • Despite low mortgage rates, America’s housing market keeps many first-time buyers on the sidelines – Market Watch
  • Black and Hispanic renters experience discrimination in almost every major American city. A new study finds that property managers in Chicago, Los Angeles, Louisville, Houston, and Providence are least likely to answer prospective Black and Hispanic tenants – Vox
  • Is the Chance to Turn Hotels Into Affordable Housing Slipping Away? As many of the city’s hotels sat empty during the pandemic and homelessness continued to rise, some saw an opportunity to solve both problems. So what happened? – New York Times
  • Housing Affordability in the Wake of COVID-19. Regional Solutions for Southern California – Berkeley
  • Why is the Biden administration increasing the cost of building houses? – NPR
  • Playing Catch-up: Putting the Recent Home Building “Boom” in Context. – Zillow
  • You Won’t be My Neighbor: Opposition to High Density Development – Sage Journals
  • Biden administration to target money laundering in US real estate market. Anti-corruption drive could raise scrutiny of all-cash commercial and residential property transactions – FT
  • It Took More Than Fannie and Freddie to Set Off the Housing Crash. Don’t let the other actors off the hook. – Wall Street Journal
  • I changed my mind on rent control. Rent control won’t fix the housing crisis. It’s still a good idea. – Vox
  • The FHFA’s Equitable Housing Finance Plans for Fannie Mae and Freddie Mac – Urban Institute
  • Assessment Frequency and Equity of the Real Property Tax: Latest Evidence from Philadelphia – Philadelphia Fed
  • What can a mortgage market crisis in Ireland teach the U.S.? Boston Fed paper looks at results of approach that gave banks more freedom to modify loans – Boston Fed

On China

  • Amid Evergrande crisis, more Chinese developers to issue ABS – Reuters
  • China property debt crisis puts founders on spot – Reuters

On other countries:  

  • [Australia] Booming house prices driving massive increase in size of inheritances to $120bn a year. Report finds that despite helping the rich Australians get richer, inheritances are also shrinking relative inequality by giving a boost to poorer households – The Guardian
  • [Australia] Australian house prices will keep rising and it’s truly depressing for those hoping to get into the market. Property prices look set to continue to grow for many more months to come – and certainly at a rate faster than wages – The Guardian
  • [Canada] Toronto Home Prices Rise 22% to Record With Supply Vanishing – Bloomberg  
  • [Canada] Red-hot Canadian property market to lose some steam in 2022: Reuters poll – Reuters
  • [Denmark] Claudia Buch: A decade of macroprudential policy – Central Bank of Denmark
  • [India] Indian house prices to lag inflation; affordability to improve – Reuters
  • [Ireland] An Overview of the Irish Housing Market and Policy – Government of Ireland
  • [New Zealand] New Zealand central bank says low net migration could cool housing prices. Easing of soaring property costs may affect RBNZ rate rise forecast next year, says deputy governor – FT
  • [United Arab Emirates] Dubai property prices to get boost next year from foreign demand – Reuters
  • [United Kingdom] London developers target old offices at risk of becoming stranded assets. Tighter efficiency rules leave owners of older buildings with choice of costly refurbishment or selling at a discount – FT
  • [United Kingdom] UK house prices rise at fastest pace in 15 years. Record property values driven by limited housing stock and low lending rates as London market lags – FT
  • [United Kingdom] British housing boom created £3tn ‘unearned’ and ‘unequal’ windfall. Resolution Foundation calls for review of tax treatment of main residences to tackle disparities caused by untaxed gains – FT
  • [United Kingdom] U.K. House Prices Keep Rising on a Dearth of Supply – Bloomberg

Posted by at 5:00 AM

Labels: Global Housing Watch


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