Housing View – February 7, 2025

Working papers and conferences:

  • Housing Subsidies for Refugees: Experimental Evidence on Life Outcomes and Social Integration in Jordan – NBER
  • Housing and Inequality – CEPR
  • When land is not enough: Drawing in private investment to increase social rental housing in Spain – Cities
  • Measuring Fairness in the U.S. Mortgage Market – Philadelphia Fed
  • Constructing Applicants from Loan-Level Data: A Case Study of Mortgage Applications – Philadelphia Fed
  • Are First‑Time Home Buyers Facing Desperate Times? – SSRN


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

  • Subprime Mortgages Destroyed Them. Who Paid the Price? In “The Killing Fields of East New York,” Stacy Horn profiles one 1990s white-collar crime spree and the wreckage it left behind. – New York Times
  • What does Taiwan have to do with US mortgage rates? The weird financial dance between Taiwanese life insurers and US homebuyers – FT
  • Asking Rents Mostly Unchanged Year-over-year – Calculated Risk
  • Mortgage Applications Increase Marginally in January – NAHB
  • CoreLogic: Home Price Growth Ticks Up Slightly in December – CoreLogic
  • US Home Price Insights –  February 2025 – CoreLogic


On the US—other developments:    

  • Trump Tariffs Risk $29,000 Rise in US Home Building Costs. Canada is the US’s biggest foreign supplier of lumber. Tariffs likely to make it harder for Americans to afford homes – Bloomberg
  • Climate Change to Wipe Away $1.5 Trillion in U.S. Home Values, Study Says. Rising home-insurance costs and more homeowners spurning some risky neighborhoods will drive these declines, according to First Street – Wall Street Journal
  • That Giant Sucking Sound? It’s Climate Change Devouring Your Home’s Value. – New York Times
  • Unaffordability in the West Accelerates Mortgage Buydowns – CoreLogic
  • To Rebuild Los Angeles, Fix Zoning. A lot more housing is needed, and not primarily in the areas destroyed by the fires. – The Atlantic
  • Are First‑Time Home Buyers Facing Desperate Times? – New York Fed
  • Where the housing market shift is happening the fastest right now. Inventory is a key housing metric. Here’s what it’s telling us right now, according to ResiClub’s latest monthly report. – Fast Company
  • Fannie and Freddie: Single Family Serious Delinquency Rates Increased in December. Multi-Family Delinquency Rate Declined Slightly in December – Calculated Risk
  • Construction Labor Market Softens – NAHB  
  • Homeownership Rate for Younger Households Declines – NAHB
  • Minnesota’s Multifamily Housing Industry Faces Rising Property Insurance Costs – Minneapolis Fed
  • US Housing Market Is Doing Something ‘Very Unusual’ – Newsweek
  • Nearly 70% of Single People Struggle to Afford Housing Payments, Compared to 52% of Married People – Redfin
  • Will Congress Regulate AI’s Rapid Growth in Real Estate? – CoreLogic   


On Australia and New Zealand:

  • [Australia] Australian House Prices Fall Further Led by Sydney and Melbourne. Outlook expected to improve somewhat if rates are reduced. But affordability, slower immigration will keep a lid on gains – Bloomberg
  • [New Zealand] Average Wellington house prices plummet nearly 25 percent in latest official valuations – RNZ
  • [New Zealand] Economist warns Kiwis not to ‘bet the house’ on housing market – RNZ
  • [New Zealand] New Zealand house prices crash – MacroBusiness


On other countries:  

  • [Canada] Vancouver: Listings surge as sellers anticipate a housing market revival – National Bank of Canada
  • [Canada] Measuring unmet housing need and housing instability in households with roommates and extended family – Statistics Canada
  • [Canada] Building new homes in the path of floods and wildfires could cost billions, threaten affordability: report. First-of-its-kind analysis shows significant financial risks from climate change-fuelled disasters unless a small proportion of the new homes needed by 2030 are built out of harm’s way. – Canadian Climate Institute
  • [Russia] Moscow Property Rivals London as Rich Russians Bring Cash Home. High-end real estate in the city is seeing a surge in demand as Russians invest back home and turn away from overseas deals because of sanctions. – Bloomberg
  • [Spain] La vivienda ya es más cara que nunca: el precio medio superó en 2024 a los años de la burbuja. El importe promedio, con 2.086 euros por metro cuadrado, fue superior al de 2006 y 2007, según la estadística registral, que certifica un nuevo auge del mercado – El Pais
  • [Spain] España gasta cuatro veces menos que Europa en vivienda social. El país invirtió de media 34 euros por habitante en asistencia habitacional entre 2007 y 2021, lejos de los 160 euros de la media europea – El Pais
  • [Spain] Nuevas previsiones para el sector inmobiliario español: el ciclo alcista se afianza en 2025 – CaixaBank
  • [United Kingdom] Peace, permanence and affordable prices: six ways to solve Britain’s housing crisis – The Guardian

Posted by at 5:00 AM

Labels: Global Housing Watch

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