All eyes on future measures in the property market
All eyes on future measures in the property market 29 April 2021
A Core Logic report shows sales activity has remained high in the first quarter of this year, property values have risen rapidly, and mortgaged investor participation has surged.
It says the figures reinforce changes made by the Government last month including the bright line test extension.
Chief Property Economist for CoreLogic Kelvin Davidson says they re keeping an eye on a few things.
He says that includes what will happen to rents, what will happen to further purchases from investors and what happens to existing property ownership.
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Corelogic
Property-economist
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Jan 22, 2021 18:07 GMTFXStreet News
Housing data from the US released on Friday came in above expectations with Existing Home Sales reaching the highest level in 14 years in December. Matthew Pointon, Property Economist at Capital Economics considers that despite the margin gain in December, home sales are set to fall back over 2021.
Key Quotes:
“Existing home sales surprised on the upside in December with a rise of 0.7% m/m, which took sales to 6.76m annualised, just under their recent 15-year high. Admittedly, the gain was small, and the annual growth rate slowed for the second month in a row to 22.2%. But we had expected a small fall in sales.”
Existing-home-sales
Matthew-pointon
Property-economist
Capital-economics
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