The Unassuming Economist

On cross-country:

• BIS residential property price statistics, Q3 2025. In the third quarter of 2025, global real house prices fell by 0.7% year on year (yoy), a rate similar to the previous quarter (–0.8%); this was despite a rise in nominal prices (2%). Real house prices in AEs were almost stable (0.3% yoy), extending the recent period of moderate growth. In EMEs, prices continued to decrease, at a slower rate (–1.5%) compared with the previous quarters. – BIS

Working papers and conferences:

• Is Housing the Business Cycle (in 2026)? – Econbrowser
• Creating high-opportunity neighbourhoods: Evidence from the HOPE VI programme – VoxEU
• Mortgage borrower actions dampen the impact of higher rates on monthly payments – VoxEU
• A Unified Urban Model With Non-Homothetic Housing Demand – NBER
• Good Neighborhoods, Good Neighbors, Good Jobs? – NBER
• Strong Spatial Spillovers Determine Neighborhood Shape and Neighborhood Change – Philadelphia Fed
• Housing Has a Data Problem. The lack of basic tools to track and understand housing has resulted in a patchwork of individual programs and little clarity on whether any of them meet basic access and affordability needs. The promise of AI, which requires structured, standardized inputs, makes addressing this data-infrastructure gap more urgent. – Project Syndicate
• Episode 65. Property Rights and the UCLA School of Economics with David Henderson – Capitalism and Freedom in the 21st Century Podcast Episode

On Australia and New Zealand:

• [Australia] How to tackle Sydney’s housing crisis – Grattan Institute

On other countries:  

• [Korea] Seoul Apartment Prices Gain Further Ahead of BOK Meeting – Bloomberg
• [Netherlands] Centralised planning to increase housing supply – European Commission
• [Spain] Spain’s Housing Chaos Pits Squatters Against Stranded Owners. Tens of thousands of occupied homes are for sale as Spain’s housing market reaches a boiling point. – Bloomberg