The Unassuming Economist

On cross-country:

• Reflections on the Evolution of the Housing Market in Latin America: Realities and Dreams – MIT

On the US:    

• House Price Responses to Monetary Policy Surprises: Evidence from the U.S. Listings Data – Institute of Labor Economics
• Decline in Single-Family Permits in June 2022 – NAHB  
• Why rent is damn high? – The Atlantic
• Renters Can’t Celebrate Softer Inflation Readings – Bloomberg
• New York City Rents Hit Record Highs Amid Nationwide Housing-Price Increases. Where would you pay over $4,000 a month for a one-bedroom? In 20 of New York City’s neighborhoods. – Wall Street Journal
• The Fed’s Damage to the Housing Market May Last Years. The central bank created major distortions in a market where many Americans have most of their wealth. Why? – Bloomberg
• U.S. Housing Affordability in June Was the Worst Since 1989. Record-high home prices combined with rising mortgage rates to push more buyers out of the market – Wall Street Journal
• Housing Slowdown Chills Investors Who Supercharged US Market. Institutional landlords and small flippers are starting to scale back as higher borrowing costs and slowing sales complicate their strategies. – Bloomberg 
• 2 Reasons House Prices Will Start Falling Sooner Than Expected. Why house prices will be less “sticky” this time. – Real Estate Decoded
• Will Housing Prices Flatten — or Collapse? Home values are fast approaching the pace of gains that would be consistent with low inflation. But there’s a high risk of an overshoot. – Bloomberg
• Has COVID Reversed Gentrification in Major U.S. Cities? An Empirical Examination of Residential Mobility in Gentrifying Neighborhoods During the COVID-19 Crisis – Philadelphia Fed
• Rent Inflation Expected to Accelerate Then Moderate in Mid-2023 – Dallas Fed
• The Housing Market Is Bad but Not That Bad – New York Times
• Existing Home Sales Fall to Two-Year Low – NAHB

On China:

• The Bursting Chinese Housing Bubble Compounds Beijing’s Economic Woes. Home sales and prices are dropping in many cities across the country after rising for years, and the damage is spreading – Wall Street Journal
• What’s in Store for China’s Mortgage Market? – Carnegie Endowment for International Peace
• China Growth Slows Across All Fronts in July, Prompting Unexpected Rate Cut. Move comes after a month in which retail sales, property prices and youth unemployment worsened – Wall Street Journal
• China Home Prices Fall for 11th Month as Mortgage Crisis Deepens. Pace of decline widened to 0.11% after mortgage boycotts. Pressure on developers likely to remain due to covid lockdowns – Bloomberg
• China’s Housing Crisis Keeps Brewing in Beijing’s Weak Tea. There are reports of possible bond guarantees but no clear signs of any government action bold enough to revive the property market – Wall Street Journal
• As China’s Economy Stumbles, Homeowners Boycott Mortgage Payments. In a rare act of defiance, people across the country who bought property from indebted developers are refusing to repay loans on their unfinished apartments. – New York Times  

On other countries:  

• [Canada] Canadian Housing Correction Accelerates, Prices Seen Falling 25%. Desjardins updates forecasts after RBC warns of historic drop. Rate hikes drive rapid reversal of pandemic real-estate frenzy – Bloomberg
• [Denmark] Denmark’s Mortgage Market Is Luring Global Investors. Here’s Why – Bloomberg
• [Ireland] Irish house prices return to 2007 peak for first time – Reuters
• [New Zealand] RBNZ Chief Warns New Zealand Home Prices Will Keep Falling – Bloomberg 
• [United Kingdom] Britain’s housing crisis — no longer a nation of homeowners? Four books look beyond the clichés of the property boom to examine the precarious reality of those forced to rely on an overgrown private rental market – FT
• [United Kingdom] Is the UK housing market at a turning point? Interest rates are rising to stem inflation and borrowing costs are increasing fast. Could this signal the end of spiralling house prices? – FT
• [United Kingdom] New UK lender plans 50-year fixed rate mortgages. Perenna secures licence from regulators to issue long-term home loans as inflation soars – FT
• [United Kingdom] UK house price growth slows sharply to 7.8% in June – ONS – Reuters
• [United Kingdom] UK house price growth slows to 7.8% in June, says ONS. Slower rate of increase skewed by tax break changes last year as housebuilder Persimmon warns of economic pressures on sector – FT