On cross-country:
- A long-term view of house prices – World Economic Forum
- The European housing shortage is fueling populism’s ascent. Housing markets in Europe’s magnet cities are buckling as demand outpaces supply. – Washington Post
Working papers and conferences:
- Quantifying ‘Mortgage Rate Lock’ for US Homeowners – NBER
- The role of cities in economic development – VoxDev
- The Sensitivity of Bank Performance to Local Housing Prices – Evidence from Diversified and Local Banks – SSRN
On the US—developments on house prices, rent, permits and mortgage:
- Buying like it’s 2021: Nearly half of recent buyers have a mortgage rate below 5% – Zillow
- Who Paid More in Rent: Gen Z or Millennials? An analysis of Census Bureau data found that while Generation Z is definitely rent burdened, millennials may have had it worse. – New York Times
- Home Builders Usually Love Cheap Mortgages—Maybe Not This Time. Sales of newly built homes have been on a tear. Soon, builders will face stiffer competition for buyers. – Wall Street Journal
- 10 Things to Know About the Mortgage and Housing Markets Right Now – October 2024 – CoreLogic
- Squeezed Homebuilders Are Bad News for the Housing Market. A pullback in construction activity is the last thing we need. – Bloomberg
- The surprising barrier that keeps us from building the housing we need. Sure, there’s too much red tape, but there is another reason building anything is so expensive: the construction industry’s “awful” productivity. – MIT
- Inflation Adjusted House Prices 1.5% Below 2022 Peak. Price-to-rent index is 8.1% below 2022 peak – Calculated Risk
- Surging Mortgage Rates Threaten US Housing Market Momentum. Buyers have been whipsawed by borrowing costs in recent weeks. Volatility threatens to weigh on demand from house hunters – Bloomberg
- Private Residential Construction Spending Rises in September – NAHB
- ICE Mortgage Monitor: “Annual home price growth cooled for the seventh consecutive month” – Calculated Risk
- Residential Building Wages Grow at Unprecedented Rate – NAHB
- October 2024 Monthly Housing Market Trends Report – Realtor.com
- America’s Empty Apartments Are Finally Starting to Fill Up. If that demand is sustained, landlords likely will have more pricing power starting sometime next year – Wall Street Journal
- Swing States’ Home Values Outweigh 2024 Election Uncertainty – CoreLogic
- Deregulation, Not Rent Control, Is the Right Response to the Housing Crisis – Cato
- In Q2, almost 20% of Units Started Built-for-Rent were Single Family. Quarterly Housing Starts and Completions by Purpose and Design – Calculated Risk
- US Home Price Insights – November 2024 – CoreLogic
- Mortgage Activity Declines in October as Mortgage Rates Increase – NAHB
- Multifamily Developer Sentiment Showed Mixed Results in Third Quarter – NAHB
- 1st Look at Local Housing Markets in October. First Year-over-year Sales Gain Since August 2021 – Calculated Risk
On the US—other developments:
- Donald Trump Will Return to the White House: What His Presidency Means for the Housing Market – Realtor.com
- The Housing Election That Won’t Fix the Housing Crisis. Victory in the fight for cheaper housing, a more liberal land-use regime, and greater property rights won’t come from the White House. – Reason
- How Harris and Trump Want to Solve the Housing Crisis. The U.S. is in an affordable housing crisis and the solution seems simple: build more houses. WSJ takes a look at the process of building a home, where it gets expensive and where Kamala Harris’s and Donald Trump’s housing plans would intervene. Photo: Madeline Marshall – Wall Street Journal
- Can a National Housing Policy Solve the Affordability Crisis in Cities? – Harvard
- Government Policies Are Making it More Expensive to Turn Land Into Homes – Bloomberg
- A Letter to the Nation’s New Leaders: Right Now, the American Dream of Homeownership Is in Crisis – Realtor.com
- The Silly Rule That’s Helping Keep Housing Costs High – New York Times
- The 5 Housing Markets To Watch in 2025—Especially If You’re an Investor – Realtor.com
- Zillow Is Caught in a Housing Slowdown. It Still Beat Earnings Estimates. – Barron’s
On China:
- Home Prices Declining in China – Apollo
- China’s Residential Property Market Analysis 2024 – Global Property Guide
- Six cities, one question: is China’s property market turning a corner? From Shanghai to Guangzhou and Beijing to Foshan, buyers and agents voice concerns ahead of next phase of stimulus – FT
On Australia and New Zealand:
- [Australia] Australian home prices hit new high during spring rush but Sydney records small slip. Perth, Adelaide and Brisbane remain the strongest capital city property markets, with prices up 20.58%, 14.91% and 12.51% over the past year – The Guardian
- [Australia] Sydney House Prices Drop for the First Time in Almost Two Years – Bloomberg
- [Australia] Australian House Prices Rise 0.3% in October. Prices post their 21st monthly rise in succession in October, reflecting weak supply of homes and surging immigration – Wall Street Journal
- [Australia] FET #45: Why the Aussie construction sector is defying predictions with Rob Sobyra – Fresh Economic Thinking
- [Australia] Building more houses will build a better society – Grattan Institute
- [New Zealand] New Zealand Housing Market Bogged Down by Flood of Listings. Prices seen recovering in 2025 if summer sales clear backlog. ‘Prices may bounce along the bottom for a few months yet’: ANZ – Bloomberg
On other countries:
- [Canada] Toronto Home Sales Climb 14% in October, Boosted by Rate Cuts. Benchmark measure of prices rose for the first time since July. Lower borrowing costs are helping affordability, Pearce says – Bloomberg
- [Canada] Finding balance in the mortgage market – Bank of Canada
- [Canada] Canada’s mortgage market—A question of balance – Bank of Canada
- [Canada] Mortgage stress tests and household financial resilience under monetary policy tightening – Bank of Canada
- [Canada] Bank of Canada Warns of ‘Tinkering’ With Mortgage Rules – Bloomberg
- [Hong Kong] Hong Kong’s Buy-Rent Gap Set to Narrow as Home Prices Bottom Out. Prices are at an eight-year low with rents near a record high. Markets are unlikely to fully converge as oversupply persists – Bloomberg
- [Norway] Norway Housing Prices Extend Gains, Backing Central Bank’s View – Bloomberg
- [Sweden] Swedish Housing Prices Hold Up Better Than Usual in October – Bloomberg
- [Sweden] Swedish Report Backs Government Push to Loosen Mortgage Rules – Bloomberg
- [United Kingdom] UK Housebuilding Recovery Stalled Before Budget, PMI Shows – Bloomberg