The Unassuming Economist

On cross-country:

• 2nd Workshop on Rent Control: Slides of presentations – PPT and Video
• The Global Housing Inspection Report – 2022 Edition – Seeking Alpha
• Land speculation, booms, and busts with endogenous phase transitions: A model of economic fluctuations with rational exuberance – VoxEU

On the US:    

• Can the Fed pull off a controlled slowdown of the housing market? The events of the early 1980s might provide a guide – The Economist
• ‘Coast to Coast’ Housing Correction Is Coming, Says Moody’s Chief Economist. US home prices will likely fall in the most overvalued markets, projects Mark Zandi. But it will fall short of a crash. – Bloomberg
• Cost of Owning a Home Surges Above the Cost of Renting One. A new report shows that having a mortgage is far more expensive than having a lease, a disparity that is helping to cool a red-hot housing market. – New York Times
• Demand Shifting from Owning to Renting – John Burns Real Estate Consulting
• As For-Sale Demand Weakens, Single-Family Rentals Outperform – John Burns Real Estate Consulting
• ‘Coast to Coast’ Housing Correction Is Coming, Says Moody’s Chief Economist. US home prices will likely fall in the most overvalued markets, projects Mark Zandi. But it will fall short of a crash. – Bloomberg
• Home Sellers Are Getting Anxious. ‘They Feel Like They Missed the Height of the Market.’ – Barron’s
• Bidding Wars Overheated the Home-Buyer Market, Now They’re Coming for Renters. Competition among renters means many tenants feel compelled to pay more each month than what the landlord is asking – Wall Street Journal
• Credit Conditions in the Pandemic Mortgage Market – San Francisco Fed
• Hottest US Housing Markets Now Have Bigger Share of Price Cuts – Bloomberg
• Transcript: Jonathan Miller – The Big Picture 
• Highest Mortgage Rates Since 2008 Housing Crisis Cool Sales. As the Federal Reserve tries to fight high inflation, costly mortgage rates have begun to price people out of the housing market – New York Times
• Disquiet Over the Housing Market Is Only Growing. The Fed needs to remove the heat from demand without prompting an accident among mortgage financiers – Bloomberg
• Blackstone dealt legal setback after $5bn low-income housing deal. Private equity group says it is working to resolve litigation inherited with AIG property portfolio – FT  
• Did Housing Affordability Worsen During the First Year of the Pandemic? – Joint Center for Housing Studies
• A Hot Housing Market Is a Financial Crisis Risk. The longer prices defy the Fed, the harder the Fed might try to break them. – Bloomberg

On China

• Empirical evidence of risk contagion across regional Chinese housing markets – Economic Modelling
• Chinese Property Titan Says Housing Market Has Reached Bottom – Bloomberg

On other countries:  

• [Australia] House Prices, Monetary Policy, and Commodities: Evidence from Australia – University of Sydney
• [Japan] Japanese house prices rising strongly, but demand slowing – Global Property Guide
• [Portugal] Portugal Home Prices Rise Faster Than Ever on Lack of Supply – Bloomberg
• [Spain] How fiscal policy affects housing market dynamics: Evidence from Spain – Bulletin of Economic Research
• [United Kingdom] Covid couldn’t cool house prices, but the economic chill might. Data due this week will be closely scrutinised to discern whether the market’s remarkable resilience is faltering – The Guardian
• [United Kingdom] Short-term lets face stricter rules as review gauges impact on tourist hotspots. Concern over proliferation of Airbnb-style rentals in popular holiday destinations spurs action – FT