Showing posts with label Global Housing Watch. Show all posts
Friday, October 7, 2022
On cross-country:
On the US—developments on house prices, rent, permits and mortgage:
On the US—other developments:
On China:
On other countries:
On cross-country:
On the US—developments on house prices, rent, permits and mortgage:
Posted by 5:00 AM
atLabels: Global Housing Watch
Sunday, October 2, 2022
From a new IMF working paper by Kenneth Rogoff and Yuanchen Yang:
“This paper provides new estimates of the housing stock, construction rates and price developments by city tier in China in order to understand where imbalances might be concentrated, and the implications of any significant contraction. We also update estimates of the size of China’s rapidly evolving real estate sector through 2021, allowing one to look at the initial impact of COVID-19, as well as extending the analysis to incorporate urban-expansion related infrastructure construction. We argue that China overall faces imbalances between supply and demand for housing stock, but the problem is significantly deeper outside tier 1 cities.”
From a new IMF working paper by Kenneth Rogoff and Yuanchen Yang:
“This paper provides new estimates of the housing stock, construction rates and price developments by city tier in China in order to understand where imbalances might be concentrated, and the implications of any significant contraction. We also update estimates of the size of China’s rapidly evolving real estate sector through 2021, allowing one to look at the initial impact of COVID-19,
Posted by 6:32 PM
atLabels: Global Housing Watch
Friday, September 30, 2022
On cross-country:
On the US—developments on house prices, rent, permits and mortgage:
On the US—other developments:
On China:
On other countries:
On cross-country:
On the US—developments on house prices, rent, permits and mortgage:
Posted by 5:00 AM
atLabels: Global Housing Watch
Friday, September 23, 2022
On cross-country:
On the US—developments on house prices, rent, permits and mortgage:
On the US—other developments:
On China:
On other countries:
On cross-country:
Posted by 5:00 AM
atLabels: Global Housing Watch
Wednesday, September 21, 2022
From Joseph Politano:
“In early 2020, COVID-19 represented arguably the biggest negative shock to the housing market since 2008. With unemployment rising to 14%, millions of people being forced to move back in with friends or family, and a large share of homeowners becoming at risk of foreclosure, the outlook for the housing market appeared grim.
Policymakers, though, are famously good at fighting the last war—remembering how bad the 2008 crisis was, they pulled out all the stops this time. The Federal Reserve started buying billions in Mortgage-Backed Securities, the federal government spun up a mortgage forbearance program for homeowners, cities and states implemented broad eviction moratoriums, and large amounts of money were disbursed in the form of unemployment benefits and stimulus checks to help workers make rent
By 2021, COVID-19 represented arguably the biggest positive shock to the housing market since 2008—making the initial panic about a possible housing market collapse seem almost ridiculous in retrospect. The feared surge in evictions and foreclosures never came to pass. Prices started skyrocketing as America’s preexisting acute housing shortage mixed with cash-flush buyers who suddenly desired much more space for more home-bound lifestyles. A working paper by John Mondragon and Johannes Wieland attributed half of the 30% increase in housing prices from the end of 2019 to the end of 2021 to the pandemic-driven shift to remote work.“
Continue reading here.
From Joseph Politano:
“In early 2020, COVID-19 represented arguably the biggest negative shock to the housing market since 2008. With unemployment rising to 14%, millions of people being forced to move back in with friends or family, and a large share of homeowners becoming at risk of foreclosure, the outlook for the housing market appeared grim.
Policymakers, though, are famously good at fighting the last war—remembering how bad the 2008 crisis was,
Posted by 9:01 AM
atLabels: Global Housing Watch
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