The US housing market is experiencing a worsening affordability crisis, with June's pending home sales falling 5.4% and national median home prices hitting a record high. Builder sentiment also dropped in July, marking 15 consecutive months of negative outlook, driven by high mortgage rates, costly land, and labor shortages.
A Dallas Fed report indicates unauthorized immigration between 2021-2024 led to a 2.2% rise in home prices and 1.4% rent increase in US metro areas. The study, cited by Trump, suggests this surge contributed significantly to housing demand shocks.
All 32 of America's largest banks passed the Federal Reserve's 2026 stress test, simulating a severe economic downturn with 10% unemployment, 39% drop in commercial real estate prices, and $708 billion in losses. Despite the banks' resilience, the results will not affect capital requirements due to a regulatory freeze until 2027.
Employees at AI companies like OpenAI and Anthropic are poised to make billions from upcoming IPOs, driving up San Francisco Bay Area home prices. Median prices hit $2m in March 2026, with homes selling in a record 29 days. Experts predict continued demand despite low supply.
Australian Treasurer Jim Chalmers views declining auction clearance rates as potentially beneficial for first-home buyers, especially if it reduces competition from investors. This comes as home prices fall and auction participation wanes, partly due to interest rate hikes and broader economic conditions, alongside proposed government tax reforms affecting property investors.
Homeownership costs are rising across India's National Capital Region (NCR). Noida's prices are surging due to a new airport, Gurugram has seen 15-75% increases in circle rates, and Delhi is proposing major revisions to align official rates with market values.
Home prices in China's first-tier cities (Shanghai, Beijing, Shenzhen, Guangzhou) increased in April, with Shanghai leading at 0.7% month-over-month, while declines in second- and third-tier cities narrowed or stabilized.
Secondary home prices in China's major cities, including Shanghai, Beijing, Shenzhen, and Guangzhou, rose in April. Official data indicates a potential bottoming out of the struggling property sector, with more cities seeing price stabilization or increases.
Hong Kong homebuyers snapped up new flats on offer on Saturday, fuelling optimism that the bull run in the city’s property market will continue. All 154 units at Sun Hung Kai Properties’ Lime Spark project sold out as of 4.30pm, while 147 homes, or 93 per cent of the 158 flats available at Henderson Land’s Highwood Phase 2 project, found buyers, according to real property agents. “Home prices have climbed by nearly 8 per cent this year, and prospective buyers are likely to find that a delay in...
Morgan Stanley has upgraded its Hong Kong property market forecasts, projecting 12% home price growth in 2026 (up from 10%) and 5% in 2027. The residential upturn is spilling over to struggling office and retail sectors, with retail sales forecast to rise 5% this year. Shop rents declined 1.1% in Q1 but are expected to turn positive by year-end, following a 10% decline in 2025.
Hong Kong's property prices rose 2.4% in March 2026, accelerating from February's 1.8% increase and surpassing Q4 2025's 2.11% growth. Rental prices extended their upward trend, reaching another historic high since February 2023. The data reflected the first full month of market movement following the US-Iran conflict that began with coordinated strikes on Tehran's government and military sites on February 28.
Fund managers and investment banks predict Chinese stocks will maintain resilience shown since the Middle East war began, driven by haven demand for yuan-linked assets, recovering property prices in first-tier cities, and upcoming tech IPO additions to Hong Kong benchmarks. Morgan Stanley expects AI companies like Knowledge Atlas and MiniMax to join key indices in June, drawing fresh capital.
