Housing View – October 18, 2024

On cross-country:

  • Housing & renting difficulties: what is the EU’s situation? – Eurostat


Working papers and conferences:

  • Population, Prices, and Amenities. To make housing more affordable, we need to understand what makes some places hot, others not. – Philadelphia Fed
  • The Measurement of Spatial Competition: Evidence from the Real Estate Market – CESifo
  • Mortgage Lock-in, Lifecycle Migration, and the Welfare Effects of Housing Market Liquidity – Atlanta Fed
  • Do Housing Investors Pass-through Changes in Their Interest Costs to Rents? – Reserve Bank of Australia
  •  30+ year mortgages – are these the new norm? What does this mean for financial stability? – Bank of England
  • Impact of Housing Demand Shocks on Home Appraisal Precision: Insights From The Shift To Work From Home During The COVID-19 Pandemic SSRN
  • Housing Prices and Marriage Delay: Evidence from China – SSRN  


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

  • Home Price Growth Slows but Remains Robust. Latest FNM-HPI Reading Showed Year-over-Year Increase of 5.9 Percent in Q3 2024 – Fannie Mae
  • House Prices to Income. New Data for 2023 National Average Wage Index Released This Morning – Calculated Risk
  • Could Legalizing Mid-Rise Single-Stair Housing Expand and Improve Housing Supply? – Harvard Joint Center for Housing Studies
  • 2023 Home Improvement Loan Applications: A State- and County-Level Analysis – NAHB
  • Part 1: Current State of the Housing Market; Overview for mid-October 2024 – Calculated Risk
  • 2nd Look at Local Housing Markets in September – Calculated Risk
  • Why some renters aren’t in a hurry to buy homes – Axios
  • The GSE Experiment Has Failed–Congress Should End It. The federal government’s dominance in the housing finance market—both before and throughout the GSE conservatorships—has stifled private competition and worsened Americans’ financial condition, but it has done virtually nothing to increase the homeownership rate. – Cato
  • High Home Prices Force Builders to Offer Mortgage Buydowns—and More. House hunters might see further price reductions – Wall Street Journal
  • The Weird Reason Rents Are Rising in the Midwest—but Falling Down South – Realtor.com
  • Single-Family Permits Higher in August 2024 – NAHB 
  • Declines for Residential Construction Loans – NAHB 
  • U.S. Rents Declining, but Not in the Midwest – Wall Street Journal
  • Home Seller Profit Margins Drop Slightly Across U.S. as Housing Market Slows During Third Quarter – ATTOM  


On the US—other developments:    

  • How would Harris build 3 million new housing units? – New York Times
  • Two presidential candidates agree on something: the source of the housing crisis. The battle over investment underscores a broader political dynamic at play, with both parties casting around for solutions to the high cost of housing. – Politico
  • Trump, Republicans link immigrants to high US housing prices, researchers disagree – Reuters
  • Trump Blames Immigrant Surge for Housing Crisis. Most Economists Disagree. The former president often implies that deportations will bring down housing costs. Reality is more complicated. – New York Times
  • The Week in Review. Week of Oct 7 — Buyers brighten, inflation eases – Home Economics
  • Why the South and West Can’t Seem To Crack the List of America’s Hottest Housing Markets – Realtor.com
  • The Easiest Way To Make Homes More Affordable – Real Estate Decoded
  • The Little-Known Factor Driving up Housing Costs: Dirty Money. Dirty money is a major but little-recognized contributor to our housing affordability crisis. – Politico
  • Why America’s Housing Shortage Is So Hard to Fix – Bloomberg
  • How Climate Disasters Are Making Mobile Homes a Huge Risk. Millions of Americans, many poor and vulnerable, live in mobile and manufactured homes. When catastrophe strikes, they’re often on their own. – New York Times 
  • Hispanic homeowners narrow home value gap to smallest margin on record – Zillow
  • Property Taxes by State – 2023 – NAHB
  • 10 Major Housing Stories from the Latest ACS Data – Harvard Joint Center for Housing Studies
  • How will first-time homebuyer assistance affect the housing markets? – Brookings
  • Introducing the Atlanta Fed’s Home Ownership Affordability Monitor (HOAM) 2.0 – Atlanta Fed
  • Builder Confidence Edges Higher Despite Affordability Headwinds – NAHB
  • Low home turnover rate, charted – Axios


On China:

  • China’s property crisis claims more victims: companies. Unsold homes are contributing to a balance-sheet recession – The Economist
  • Chinese vice-premier urges more ‘white list’ lending to stabilise housing market. He Lifeng calls for efforts to help China beat property sector slump, which has been a stumbling block to economic recovery – South China Morning Post
  • Key Takeaways as China Outlines Plans to Revive Economy, End Housing Slump. China will act to help local governments address “hidden debt”. Finance Minister says China can borrow more, increase deficit – Bloomberg
  • Key Takeaways from China’s Housing Ministry Briefing – Bloomberg
  • China to boost lending for stalled property projects to $560bn. Beijing is trying to restore confidence in economy amid prolonged real estate slowdown – FT
  • China goes all out to stabilise vital property sector: as it happened. Housing minister held a briefing along with officials from the central bank, Ministry of Finance and National Financial Regulatory Administration – South China Morning Post
  • China to almost double support for unfinished housing projects – AFP
  • China boosts funds for housing projects to support embattled sector – Reuters  


On other countries:  

  • [Argentina] Argentina Ended Rent Control. Guess What Happened Next. A free market for housing is one that benefits both renters and landlords. – Reason
  • [Australia] Australia’s Residential Property Market Analysis 2024 Global Property Guide
  • [Hong Kong] Hong Kong Relaxes Mortgage Rules to Bolster Property Market. Loan-to-value ratio for all residential properties set at 70%. Interest rate cuts have not led to property market rebound – Bloomberg
  • [Hong Kong]Hong Kong leader announces measures to address housing crisis in annual policy address – CNBC
  • [Hungary]Hungary seeks housing boost from pensions ahead of 2026 election – Reuters
  • [Hungary]Hungary Wants Banks to ‘Voluntarily’ Agree to 5% Mortgage Cap – Bloomberg
  • [India]India’s Residential Property Market Analysis 2024 – Global Property Guide
  • [Italy] Italy’s Residential Property Market Analysis 2024 – Global Property Guide
  • [Singapore] Singapore Home Sales See Minor Recovery After US Rate Cuts. Developers sold 401 private units in city-state in September. The number of apartments transacted was highest since July – Bloomberg
  • [South Korea] Cooler Home Prices in Seoul Support Bank of Korea’s Policy Pivot. September home price data show growth momentum snapped. BOK ties pace of easing to household debt driven by properties – Bloomberg
  • [Spain] Spain’s Residential Property Market Analysis 2024 – Global Property Guide
  • [United Kingdom] Cheapest UK mortgage deals hit by rise in government borrowing costs. Barclays pulls best-priced home loan rate with other lenders set to follow suit – FT
  • [United Kingdom] Low mortgage rates are no panacea for first-time buyers. With the Bank of England’s lending criteria, they’re likely to achieve little – FT
  • [United Kingdom] Can software help ease Britain’s housing crisis? Some tech utopians think so – The Economist

Posted by at 5:00 PM

Labels: Global Housing Watch

Home

Subscribe to: Posts