The Unassuming Economist

On cross-country:

• Will global property prices continue to remain frothy? – BFM
• Financial stability amid Russia’s war in Ukraine – European Central Bank
• Impact of final Basel III on the EU mortgage sector – Copenhagen Economics
• New Housing Supply: Empirical and Theoretical Studies – SSRN

On the US:    

• US For-Sale Homes Rise in First Since 2019, Realtor.com Shows – Bloomberg
•  U.S. house price inflation to cool as buyers sidelined by higher rates: Reuters poll – Reuters
• Lumber Is the Cheapest in Seven Months as Housing Markets Soften. Futures may sink to as low as $400 per 1,000 board feet, says analyst – Bloomberg
• A recession could throw cold water on the housing market — but that doesn’t mean it’s going to get any easier to buy a home – Business Insider
• Moving From Opportunity: The High Cost of Restrictions on Land Use – Marginal Revolution
• Big U.S. Cities Lost More Residents as Covid-19 Pandemic Stretched On. San Francisco and Chicago population totals are near 2010 levels – Wall Street Journal
• Fed Fears Hit Mortgage Bonds, Attracting Investors. Mortgage REIT Annaly Capital has raised about $3 billion in recent weeks to buy into the battered mortgage-bond market – Wall Street Journal
• County Where It Took 50 Years To Approve New Subdivision Bans New Airbnbs. Officials in Marin County, California, argue a temporary moratorium on new short-term rentals in western portions of the county is necessary to preserve the area’s limited housing stock. – Reason
• Homeownership Remains the American Dream, Despite Challenges. A new survey reveals that nearly three-quarters of Americans place owning a home above career, family and college as a sign of prosperity. – New York Times  
• Biden-⁠Harris Administration Launches Initiative to Modernize Building Codes, Improve Climate Resilience, and Reduce Energy Costs – White House

On other countries:  

• [Canada] Canada housing boom to halt next year on higher mortgage rates – Reuters poll – Reuters
• [Canada] Ontario needs new housing – and whatever the parties say, it won’t come easy – Globe and Mail
• [New Zealand] New Zealand house prices to sink 9.0% this year, another 2% in 2023 – Reuters
• [Saudi Arabia] Mortgage boom as Saudis queue up to buy first homes. Jump in lending and purchases reflects government push and drive to win support among youth – FT
• [Singapore] Singapore’s sovereign wealth fund swoops for £3.3bn UK student housing deal. Transaction signals confidence in UK rental market despite gloomy economic outlook – FT
• [Singapore] There’s a ‘massive gap’ between housing demand and supply in Singapore, PropertyGuru CEO says – CNBC
• [United Arab Emirates] Foreign demand to keep Dubai property prices on steady upward course: Reuters poll – Reuters
• [United Kingdom] BoE’s Cunliffe seeing evidence of slowdown in housing market – Reuters
• [United Kingdom] Mortgage reform is key to unlocking UK home ownership. The country is a global outlier in managing credit risk – FT 
• [United Kingdom] Bringing It Home: Raising Home Ownership by Reforming Mortgage Finance – Tony Blair Institute for Global Change
• [United Kingdom] UK housing market starts to slow as more sellers cut prices. Data from portal Zoopla also indicates average time to sell a home is lengthening – FT
• [United Kingdom] UK mortgage approvals slide to lowest level in two years. Analysts forecast housing market will cool in 2022 but believe large price falls are unlikely – FT
• [United Kingdom] Renters squeezed by higher housing costs and utility bills. Owner-occupiers have more elbow room to reduce their spending to cope with rising inflation, analysis suggests – FT