On the US—developments on house prices, rent, permits and mortgage:
- Housing Slump Set to Give Fed an Inflation-Fighting Assist. A slowdown in new household growth could ease prices and rents, but rising wages cause worry – Wall Street Journal
- Inflation Adjusted House Prices 3.8% Below Peak. Houses are the least “affordable” since 1982 when 30-year mortgage rates were over 14% – Calculated Risk
- Lawler: Update on Rent Trends. And an Update on New Cleveland Fed Rent Paper – Calculated Risk
- US House Prices by Census Division: Persistence, Trends and Structural Breaks – IDEAS
- Mortgages are still confusing… and it matters – How borrower attributes and mortgage shopping behavior impact costs – Fannie Mae
- Case-Shiller: National House Price Index “Continued to Decline” to 9.2% year-over-year increase in October. FHFA: “House prices were flat nationwide in October, experiencing a 0.0 percent change from the previous month” – Calculated Risk
- Home Prices Fell in October for Fourth Straight Month. A jump in mortgage rates is curbing demand, with many economists expecting prices to continue sliding from their spring peaks – Wall Street Journal
- Double-digit U.S. home price growth streak skids to an end – Reuters
On the US—other developments:
- The 2022 housing market: A tale of two halves. Less rate-dependent mortgage products, home equity loans, HELOCs were the name of the game in 2022 as the industry shrank – Housing Wire
- New Home Sales Increased in November; Previous 3 Months Revised Down Sharply. New Home Sales Increase to 640,000 Annual Rate in November – Calculated Risk
- November New Home Sales Up as Interest Rates Fall Back – NAHB
- Multifamily Construction Continues to Expand Outside Metro Core Areas – NAHB
- What Would It Take to Turn More Offices Into Housing? Vast amounts of empty real estate are a crisis for building owners. But some politicians and business leaders hope they can be converted into something new — and transform downtown neighborhoods. – New York Times
- Our Top 10 blogs of 2022 – Harvard Joint Center for Housing Studies
- Top Posts of 2022: Housing Market at Inflection Point as Builder Confidence Continues to Fall – NAHB
- Final Look at Local Housing Markets in November. Year-over-Year: Sales Down Sharply, Inventory Increased, New Listings Down – Calculated Risk
- Existing Low-Rate Mortgages Blunt Impact of Recent Rate Surge – Dallas Fed
- Two Graphs Give Insight Into The Housing Market Present And Future – Seeking Alpha
On other countries:
- [Australia] IMF sees potential for imminent ‘sizeable’ bust in Australia’s housing market. Report warns homes keep getting less affordable, and Australia has one of the highest rates of people spending more than 40% of their income on housing – The Guardian
- [Hong Kong] Hong Kong’s Tiniest Apartments Take Biggest Hit in Housing Slump. Nano-flat sales struggle most as buyers opt for bigger options. Developers only able to sell 48% of studio units in 11 months – Bloomberg
- [India] India’s Upscale Housing Market Strengthens, Defying Global Trend. Affluent Indians who throttled back on spending during the pandemic are returning to the country’s housing market in force – Wall Street Journal
- [Ireland] Irish property: the boom that shows no signs of slowing. While other markets cool off, Ireland is facing a housing shortage that is driving up the cost of renting and buying – FT
- [Latvia] Latvia’s high inflation gives an illusion that house prices are still rising – Global Property Guide
- [Mexico] As Remote Workers Flock to Mexico City, Airbnb and Housing Prices Soar. American and Europeans are using Airbnb to find long-term rentals in Mexico’s capital, pushing housing costs higher and, critics say, forcing out local residents. – New York Times
- [Singapore] Singapore Rents Forecast to Rise at Slower Pace Next Year. Private rents could rise 13% to 16% next year, researcher says. Influx of new private homes could ease rental pressure – Bloomberg
- [Singapore] Singapore’s house prices rising, despite falling demand – Global Property Guide
- [United Arab Emirates] New generation of rich spur boom in Dubai’s luxurious homes market. Demand soars since pandemic, with owners inundated with requests to sell homes with swimming pools and terraces – FT
- [United Kingdom] Experts predict housing market will cool in 2023 as UK enters a recession. The slowdown is expected to intensify with price declines between 5% and 12% – The Guardian
- [United Kingdom] UK banks to ease pressure on mortgage holders as late payments set to surge. Some measures could include switching borrowers to interest-only deals – FT