On cross-country:
- The painful rise in home insurance costs. Climate resilience efforts are essential to keep a check on policy premiums – FT
- Event: Innovation in Affordable Housing: Lessons from the CAHF 2023 yearbook on April 4 – African Union for Housing Finance
Working papers and conferences:
- The American Housing Finance System: Structure, Evolution, and Implications – SSRN
- Addressing Housing Shortages Through Tax Abatement – SSRN
- Heterogeneous effects of a foreign buyer tax on house prices in New South Wales – Journal of Economic Geography
- Exploring Housing Networks and Driving Forces: A Global Perspective – SSRN
- Effects of Climate Change on House Prices In Outdoor Tourism Destinations – SSRN
- Non-Manipulable House Exchange Under (Minimum) Equilibrium Prices – SSRN
- New York City Relaxing Environmental Review Rules for Housing Construction – SSRN
- Housing Market, Extrapolative Belief, and Entrepreneurship: Micro Evidence from China – SSRN
- Putting a Ceiling on Housing Costs: The Aftermath of Constraining Rent Escalation in Korea – SSRN
- Balancing the scales: How housing supply regulation shapes household wealth inequality in China – Cities
On the US—developments on house prices, rent, permits and mortgage:
- Biden administration to cap rent increases for some affordable housing units. The move was hailed by tenant advocates and criticized by others in the housing industry – Washington Post
- Housing Market 2024: Economists Predict Lower Mortgage Rates — Is It Time for You to Buy? – Yahoo Finance
- ICE Mortgage Monitor: The Impact of “Golden-Handcuffs” on Mortgage Payments – Calculated Risk
- Freddie Mac House Price Index Increased in February; Up 5.9% Year-over-year. Over the last 3 months, this index has only increased at a 1.7% annual rate – Calculated Risk
- Where home prices are falling — and which housing markets are most overvalued, according to three experts. Expect home-price growth to slow, or even fall in these areas — but not crash, one economist says – Market Watch
- Moderate House Price Increases Expected as Market Adjusts to High Rates – Yahoo Finance
- This interactive map shows what’s really happened to home prices since rates spiked. U.S. home prices have been in a period of sideways movement following the 2022 mortgage rate shock. But it varies by market. – Fast Company
- A typical home now costs $1 million and up in more than 500 U.S. cities. California, New York, and New Jersey are home to the most “million-dollar” cities in American – Quartz
- How to Kill New York’s Rental Housing Market. Albany’s Good Cause Eviction proposal is universal rent control. – Wall Street Journal
- Asking Rents Mostly Unchanged Year-over-year – Calculated Risk
- The Multifamily Supply Surge—and Credit Crunch. US Multifamily Housing Completions are at 50-Year Highs, But Tighter Credit Has Significantly Reduced Starts & Permits – Apricitas Economics
On the US—other developments:
- The Newest Home-Buying Puzzle: What to Pay Your Real-Estate Agent. A legal settlement that stands to do away with longstanding real-estate commission rules is rewriting the playbook for home buyers – Wall Street Journal
- The real estate industry on trial – NPR
- Political Leaders Are Finally Responding to the Housing Crisis. They Need to Move Faster. The fear and anger at rising rents and unattainable homeownership has finally gotten policymakers’ attention. – Politico
- The housing market is thawing as an increasing number of ‘mortgage lock’ homes go up for sale, JPMorgan says – Yahoo Finance
- You can’t afford to buy a house. Biden knows that. The housing crisis is already shaping the president’s reelection campaign. – Vox
- Here is how much household income you’ll need to afford the median-priced home in every US state – CNN
- The Boomer-Millennial Housing Battle Cools. And other takeaways from NAR’s Generational Trends Report – Home Economics
- Home-Buyer Preferences Shift as Affordability Challenges Remain – NAHB
- February Gains for Single-Family Construction Spending – NAHB
- Talking “toilets, taxes, and tenants”: Challenges mount for apartment owners in Twin Cities area. Conversations with leaders in the multifamily rental sector indicate that risks to their industry endanger future investments in housing supply and affordability – Minneapolis Fed
- Multigenerational housing is coming back in a big way. Americans used to live in multigenerational homes. We’re starting to, again. – Vox
- US Homeowners See Biggest Property Tax Rise in Five Years. Levies rose 6.9% in 2023, nearly twice the gain a year earlier. Report from ATTOM shows average tax climbed to $4,062 – Bloomberg
- Home Depot has bet $18bn on US housing market paralysis. Acquisition of building products supplier SRS Distribution will greatly expand company’s reach among contractors and builders – FT
- March 2024 Monthly Housing Market Trends Report – Realtor.com
On other countries:
- [Australia] Australia’s Home Prices Extend Gains Even as Elevated Costs Bite – Bloomberg
- [Australia] CoreLogic Home Value Index rises 1.6% in March quarter, adding around $12k to dwelling values – Core Logic
- [Australia] Australian house prices hit record high for fifth consecutive month. CoreLogic data shows prices rose 0.6% in March while separate index from PropTrack produces similar results – The Guardian
- [Australia] Australia Apartment Permits Hit 12-Year Low Due to Cost Blowouts. Building approvals are failing to keep up with housing demand. Government aim to build 1.2 million homes by mid-2029 in doubt – Bloomberg
- [Australia] The relentless rise of Australian house prices – Financial Review
- [Canada] Canada launches $6 bln housing fund in bid to quell housing crisis – Reuters
- [Canada] Trudeau Offers Billions to Boost Homebuilding, With Strings Attached. PM pledges C$5B in infrastructure funds in exchange for reform. Policy puts his government directly in conflict with Ontario – Bloomberg
- [Hong Kong] Hong Kong New Home Sales Hit 11-Year High After Property Curbs Removed. New developments, government policy spur increased purchases. CK Asset’s Blue Coast had 50 times more bidders than units – Bloomberg
- [New Zealand] New Zealand Posts First Annual Gain in House Prices in 18 Months. CoreLogic data shows values rise for sixth straight month. ‘High mortgage interest rates remain a big challenge’ – Bloomberg
- [United Kingdom] How council taxes and the budget are pushing owners to de-list second homes in England and Wales. Wales led the way in tackling the problem of empty properties and priced-out locals – and now Jeremy Hunt has weighed in – The Guardian
- [United Kingdom] Tenants are trapped in a collapsing housing system. Social housing tenants are suffering just as much as those in the private rented sector, writes Suzanne Muna. – The Guardian
- [United Kingdom] UK house prices fall for first time in three months amid ‘subdued’ market. Average price of home down 0.2% from February to March, to £261,142, says Nationwide – The Guardian
- [United Kingdom] London’s Luxury Homeowners Who Bought at the Top Aren’t Selling. Only 3% of people who purchased prime properties in 2014 when price growth peaked have sold their homes. – Bloomberg