Housing View – May 27, 2022

On cross-country:

  • Drivers of rising house prices and the risk of reversal – European Central Bank
  • ECB warns a house price correction is looming as interest rates rise. Central bank says housing market reversal would hit low-income homes harder – FT
  • Euro zone’s overpriced housing market may sag if rates rise, ECB says – Reuters
  • Has COVID-19 Triggered an Urban Exodus? – OECD
  • Asia’s advanced economies now have lower birth rates than Japan. The cost of housing may be the biggest factor – The Economist
  • Housing policy and affordable housing – LSE
  • Revisiting International House Price Convergence Using House Price Level Data – IDEAS
  • Housing and the Labor Market – Oxford Research Encyclopedias   

On the US:    

  • Conference: Housing & Urban Economics on September 7 – Stanford University
  • Rising Interest Rates Concern Apartment-Building Owners, Renters. Returns fall below mortgage figures, with landlords needing higher rents to fill the gap – Wall Street Journal
  • Housing Boom Is on Borrowed Time. Higher rates have only just begun to weigh on home sales and prices – Wall Street Journal
  • The housing market boom has at least another year to run, Zillow economists predict – Fortune
  • Fed Searches for the Magic Number to Cool a Red-Hot U.S. Housing Market. The central bank must decide on an interest rate that will cap sky-high price growth without triggering a painful economic slowdown – Wall Street Journal
  • How Homeowners Can Lock in the Steep Rise in Home Values. For those who don’t want to sell, there are strategies to use to hedge against a future decline – Wall Street Journal
  • In Battle for Workers, Companies Build Houses. Disney, meatpacker JBS and others launch plans to add affordable housing near job sites; a Vail, Colo., project draws opposition – Wall Street Journal
  • April Rental Report: Sun Belt Metros Drive Sustained Growth in Nationwide Rents – Realtor
  • Housing in America has become much harder to afford. High prices and soaring mortgage rates are putting some buyers off – The Economist
  • Did the pandemic advance new suburbanization? – Brookings
  • Effective Zoning Reform Isn’t as Simple as It Seems. The Biden administration’s housing plan will reward cities that change their land-use policies to promote density. But what kind of zoning reforms really work? – Bloomberg
  • Fed Liquidity Facility Successfully Anchored Commercial Real Estate amid Pandemic – Dallas Fed
  • Biden is doubling down on dense, affordable housing – Quartz
  • Pandemic Housing Boom Hits a Wall With US Buyers Priced Out. Home values in the Sun Belt boomtowns spiked, but now rising mortgage rates, inflation, and recession fears are starting to pinch. – Bloomberg 
  • Amid a Housing Crunch, Homes Pop Up on the Fairway. With large expanses of grass and trees, former golf courses are being reconsidered for housing, but developers face challenges, including community resistance. – New York Times
  • Housing and Access to Credit Are Two Sides of the Financial Inclusion Coin – San Francisco Fed
  • The Household Mystery: Part II – Calculated Risk
  • Wall Street’s housing grab continues. As rising rates deter families from buying, being a rentier looks as appealing as ever – The Economist
  • US house prices never go down. I mean, they don’t, right? – FT
  • Dissecting Housing Supply And Demand: Macro Man Podcast. Bloomberg’s Cameron Crise compares the current state of the housing market with the 2006 bubble peak and its aftermath. – Bloomberg

On China

  • China cuts mortgage lending rate by record as lockdowns hit economy. Five-year loan prime rate slashed by most since before pandemic as government steps up stimulus – FT
  • China’s property market woes expected to worsen in 2022, Reuters poll shows – Reuters
  • China property market slumps on developers’ debt crisis, weak buyer sentiment – Reuters
  • China’s Real Estate Slump: Underlying Issues. Although the current approach will ease some major indicators, such as property sales and prices, they will not necessarily resolve the core issues. – The Diplomat

On other countries:  

  • [Australia] Housing in the Endemic Phase – Reserve Bank of Australia
  • [Australia] Australia’s housing boom to deflate as mortgage rates rise – Reuters
  • [Canada] One of the World’s Frothiest Housing Markets Turned Into a Seller’s Headache Overnight. House hunters from Toronto to small Ontario suburbs are changing how they navigate the tight housing landscape with interest rates heading higher. – Bloomberg
  • [Canada] How much will Canada’s block on foreign buyers help its housing crisis? – NPR
  • [Hong Kong] New Hong Kong Leader’s Vow to Fix Housing Crisis Draws Skeptics. John Lee will focus on national security in wake of protests. Lack of policy, business experience could also hamper ability – Bloomberg
  • [New Zealand] New Zealand banks predict 20% drop in house prices over next year. Economists say tighter credit conditions, higher mortgage rates and increased housing supply behind sinking prices – The Guardian 
  • [United Kingdom] Nationwide warns inflation surge will hit house prices. Profits double at UK’s largest building society on back of mortgage growth and higher interest margins – FT
  • [United Kingdom] Slowdown ahead for UK housing market. Gap between equity-rich house owners and first-time buyers set to widen as cost of living crisis hits – FT
  • [United Kingdom] Bridging loans surge as UK buyers scramble for property. Brokers urge caution in volatile market – FT

Posted by at 5:00 AM

Labels: Global Housing Watch


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