Housing View – May 5, 2023

On the US—developments on house prices, rent, permits and mortgage:    

  • US Home Price Insights – May 2023 – CoreLogic
  • Black Knight Mortgage Monitor: Home Prices Increased in March; Prices Up 1.0% YoY – Calculated Risk
  • Asking rents increase through Q1 – Yardi
  • US Homeowners Hold Near-Record Equity Even After Price Declines – Bloomberg
  • Unaffordable Prices Are Most Common Reason Buyers Can’t Make Purchase – NAHB

On the US—other developments:    

  • A Policy Proposal to Increase the Utilization of the Current Housing Stock – Calculated Risk
  • Lawler: Invitation Homes Net Seller of Single-Family Properties for Second Straight Quarter. Some Operating Statistics from Large Publicly-Traded Home Builders – Calculated Risk
  • Homeownership Rate Remains High Amid Low Supply – Realtor.com
  • Why it’s So Hard to Convert Offices into Housing – First American
  • The First Step to Solving the Housing Crisis Might Be Simpler Than You Think. America couldn’t conquer unemployment until there was an unemployment rate. So it’s time to start compiling a housing loss rate. – Politico

On other countries:  

  • [Australia] Austrian Home Prices Slump for Second Quarter With More to Come. Residential property prices have fallen 2.3% since late 2022. Raiffeisen Bank analysts predict 10% total decline by 2024 – Bloomberg
  • [Australia] Renters to get stronger protections in red-hot market – AFR
  • [Australia] Rent in Australian capital cities climbs record 11.7% in 12 months. Increase equivalent to $3,200 a year for tenants, with relief ‘unlikely’ in the short term as demand continues to outstrip supply – The Guardian
  • [Canada] The effects of transaction taxes on housing markets – VoxEU
  • [Sweden] Sweden’s Housing Downturn Deepens, With More Declines Forecast – Bloomberg
  • [United Kingdom] UK House Prices Rise for First Time in Eight Months. Nationwide figures add to signs of strength after slump. Economist says any further gains are likely to be small – Bloomberg

Posted by at 5:00 AM

Labels: Global Housing Watch


Subscribe to: Posts