On cross-country:
- Global Real Estate Bubble Index 2024. Our analysis of residential property prices in 25 major cities shows bubble risk in housing markets declined further in 2024. Miami now shows the highest bubble risk for cities in this study, followed by Tokyo. – UBS
- Miami Tops UBS Property Bubble Risk as Global Imbalances Decline. Global housing markets waiting for lower interest rates. Home prices in many cities have bottomed out, UBS says – Bloomberg
- Residential Real Estate Regional Data Overview. Real estate data, both current and historical, spanning 69 countries and their respective regions. – Global Property Guide
Working papers and conferences:
- 13th Annual Housing Center Conference on November 20 – American Enterprise Institute
- Satellite-Based Census of Residential Buildings: Application for Climate Risk Assessment – IMF
- Housing Markets Under the Microscope: City by City, Year by Year – Philadelphia Fed
- A Closer Look at Housing Market Actors’ Dynamics in Responses to Sea Level Rise in Miami-Dade, Florida – SSRN
On the US—developments on house prices, rent, permits and mortgage:
- Case-Shiller: National House Price Index Up 5.0% year-over-year in July. Over last 3 months, FHFA Index has increased at a 0.7% Annual Rate – Calculated Risk
- Inflation Adjusted House Prices 1.5% Below 2022 Peak. Price-to-rent index is 7.8% below 2022 peak – Calculated Risk
- US monthly house prices edge up in July – Reuters
- Home Price Growth Slowing – NAHB
- MBA Statement on the “ROAD to Housing Act” – Mortgage Bankers Association
- First-Time Buyer Share for New Homes is Slipping – NAHB
- Impact of Short-Term Rental Regulation in Chicago – NAHB
- Bedrooms in New Single-Family Homes in 2023 – NAHB
- August 2024 Rental Report: Rental Affordability Improved From a Year Ago – realtor.com
- Top 10 Cities Where Homes Sell for the Most Below the Asking Price Ago – realtor.com
- Deregulation Can Fix the Housing Crunch. Increasing the supply of housing requires looser rules and fewer bureaucratic delays. – Reason
- The home mortgage refinance mini-boom – Axios
- US Mortgage Rates Fall Again, Triggering Wave of Refinancings – Bloomberg
- Existing Home Sales Slide Despite Lower Mortgage Rates – NAHB
- New Home Sales Fall in August – NAHB
- US new home sales fall less than expected; median house price declines – Reuters
- New-Home Sales Dip in August Despite Easing Mortgage Rates and Listing Prices – realtor.com
- New Home Sales Decrease to 716,000 Annual Rate in August. Median New Home Price is Down 9% from the Peak – Calculated Risk
- More New Listings at Major Climate Risk Now Than Five Years Ago – Zillow
On the US—other developments:
- How the cost housing became so crushing. The roots of the property crisis run deep and have proved very hard to fix – New York Times
- How Higher Property Insurance Premiums Mirror Climate Risk. Homeowner’s insurance premiums have risen by a third between 2020 and 2023 as insurers passed on higher reinsurance costs, according to a new study co-authored by Wharton’s Benjamin Keys. – Wharton
- The Kamala Harris Plan for More Housing Shortages. Her plan would stimulate demand, not supply, and redistribute wealth to the sellers of existing homes. – Wall Street Journal
- What do we know about Kamala Harris’ economic plans on taxes, housing, manufacturing? – Reuters
- Unlocking the Hidden Power of Zoning, for Good or Bad. In her new book, lawyer and architect Sara Bronin shows how land use regulations shaped US cities and makes a case for using these rules for progressive aims. – Bloomberg
- Has the Fed rate cut thawed the housing markets? Northeastern experts say play the long game – Northeastern
- New policies needed to boost homeownership. Interest rate cut was the first step. More are needed. – Washington Post
- Boomers Own 38% of America’s Homes—but More Than Half Never Plan To Sell – Realtor.com
- Fed Rate Cut 101: A Housing Economist Reveals Everything Homebuyers and Sellers Need To Know – Realtor.com
- Custom Home Building Share Declines in 2023 – NAHB
- Why Jerome Powell says the Fed alone can’t fix the broken housing market. According to Powell, ‘The real issue with housing is that we have had, and are on track to continue to have, not enough housing.’ – Fast Company
- Central Planning Will Not Solve California’s Housing Shortage – Cato Institute
- Home Ownership Slightly More Affordable Across U.S. in Third Quarter but Still Difficult for Average Workers – ATTOM
On China:
- China’s Politburo Supercharges Stimulus With Housing, Rates Vows. Politburo calls for measures to stop property market decline. Pledge to ensure fiscal spending among steps signaling urgency – Bloomberg
- China’s Homeowners Are Outraged. The Property Market Is Still a Mess. – Barron’s
- Economists Urge China to Ramp Up Housing Rescue to Propel Growth. Most analysts favored property rescue as best stimulus option. Chinese government-led package has been beset by slow progress – Bloomberg
- China Cuts Interest Rates and Mortgage Down Payments. The country’s central bank also freed commercial banks to lend more money in a package of moves aimed at rekindling growth in a stagnant economy. – New York Times
On Australia and New Zealand
- [Australia] Axing negative gearing won’t cause a rental crisis. Here’s the maths. When an investor outbids an owner-occupier, they do add to the supply of rental houses – but that’s only half the story – The Guardian
- [Australia] ‘Stop doing dumb stuff,’ economist warns as housing affordability in Australia slips. Saul Eslake says decades of ‘bad policies’ have inflated demand as report finds about 20% of households effectively ‘locked out’ of the market – The Guardian
- [Australia] Housing stoush ramps up as Labor accuses Greens MPs of opposing Brisbane projects. Bill Shorten accuses Greens of ‘unholy alliance’ with Coalition to delay government’s Help to Buy scheme – The Guardian
- [Australia] Why has Australia fallen so short on housing targets – and how can it get out of the crisis? Amid rising costs and a lack of productivity in the construction sector, some say relaxing building standards could help. But others aren’t convinced – The Guardian
- [Australia] RBA Set to Extend Rate Pause as Housing Crisis Props Up Prices – Bloomberg
- [Australia] Is Australia’s Unaffordable Housing a Foreign Policy Problem? A “whole-of-nation” approach to foreign policy would understand how each element of domestic policy is critical to enhancing the country’s overall capabilities and international power – including housing. – Diplomat
- [Australia] These newly minted million-dollar suburbs are breaking records – Financial Review
On other countries:
- [Argentina] Argentina Scrapped Its Rent Controls. Now the Market Is Thriving.
- President Javier Milei’s fiscal ‘shock therapy’ yields lower rents overall, but some people feel squeezed – Wall Street Journal
- [Germany] German home prices decline in Q2 but show some stabilization – Reuters
- [Hong Kong] Hong Kong’s property market set to revive gradually as rate cuts buoy sentiment, demand. The first rate cut should lure more homebuyers back to showrooms, and prices are appealing after a 25 per cent slump from peak, analysts say – South China Morning Post
- [Hong Kong] There is no quick recovery from Hong Kong’s property slump. Despite last week’s interest rate cut, new home sales have only fallen further – FT
- [Ireland] Rent Cap Locks Billions of Euros Out of Irish Housing, CBRE Says – Bloomberg
- [Italy] Even in Its Priciest Neighborhoods, Buying in Rome Remains a Bargain. Compared with other luxury housing markets in Europe, buyers get more bang for their buck in Italy’s capital – Wall Street Journal
- [Korea] South Korea’s central bank chief warns over Gangnam-style housing boom. Rhee Chang-yong calls for caps on university admissions from upmarket capital districts to check price growth – FT
- [Korea] Bank of Korea May Cut Before Housing Cools 100%, Member Says. Board member points to need to aid private consumption. BOK keeps investors guessing over timing for rate cut – Bloomberg
- [Korea] Seoul Apartment Price Growth Slows in Early Sign of Property Cooling as BOK Mulls Rate. Bank of Korea monitoring home-price data ahead of decision. Seoul apartments represent major driver of household debt – Bloomberg
- [Latvia] Latvia Residential Real Estate Market Analysis 2024 – Global Property Guide
- [Lithuania] Lithuania Residential Real Estate Market Analysis 2024 – Global Property Guide
- Dutch Home Prices Jump Most in Two Years as Shortage Lingers. August house prices increased 11% compared to prior year. Average transaction price of existing home was €466,207 – Bloomberg
- [Slovakia] Slovakia Residential Real Estate Market Analysis 2024 – Global Property Guide
- [Taiwan] Taiwan Raises RRR Again to Cool Off Property Market, Holds Rate. Central bank boosts amount of funds banks must hold in reserve. Housing costs in Taiwan have risen for 23 straight quarters – Bloomberg
- [United Kingdom] Surging UK Home Prices Pose a ‘Significant Challenge,’ Scottish Widows Says – Bloomberg
- [United Kingdom] Angela Rayner hints at major social housing announcement. Deputy prime minister tells Labour conference she expects chancellor to make promise on building at spending review – The Guardian
- [United Kingdom] Labour, beware: Britain’s housing crisis is driving voters towards populism. Whenever I talk to people who are bitterly disconnected from politics, they raise the lack of decent homes. That’s the stark truth the party needs to address – The Guardian
- [United Kingdom] Labour’s housing plans are flawed – LSE