Real Estate

Highlights The Fed’s hawkish shift over the past six months has caused a sharp increase in US interest rates. In this report we examine the US housing market for signs of an imminent recession, given the housing sector’s strong interest rate sensitivity.…

Executive Summary Credit Demand Collapsed Credit Demand Collapsed…

Executive Summary Real Estate Is A Poor Inflation Hedge The Real Estate Sector Deep Dive…

Executive Summary China’s Property Market: Signs Of Improvement? China’s Property Market: Moderate Recovery Ahead…

Executive Summary More Chinese Households Intend To Save Than To Invest More Households Intend To Save Than To Invest…

Executive Summary Economic Growth in Q2 Will Be Much Softer Economic Growth In Q2 Will Be Much Softer…

Executive Summary The structural downtrend in Chinese bond yields has a lot further to go, because it is helping to let the air out gently of stratospheric valuations in the real estate sector, and thereby preventing a hard landing for the Chinese economy…

Executive Summary China’s Business Cycle Has Not Bottomed China's Business Cycle Has Not Bottomed…

Executive Summary Chinese Onshore Stocks Are Less Impacted By External Factors Upgrading Chinese Onshore Stocks To Neutral…

Highlights The buildup of excessive household debt in Canada over the past two decades has occurred because of outsized demand for housing, not because of the impact of constrained housing supply on house prices. Outsized demand for housing has occurred…