Housing · MacroRead · Housing

Housing sentiment.
Where the market sits today.

Two gauges for every market — affordability and momentum — computed from public data sources across nineteen cities in the US, Canada, Australia, and the UK. Updated weekly from official price indices, mortgage rates, and listed homebuilder stocks.

Daily · Homebuilder & REIT prices Weekly · Mortgage rates, listings Monthly · Official price indices
Regime quadrant · Where every market sits
Bubble watch Unaffordable · climbing Recovery Affordable · warming Expensive stagnation Unaffordable · stalled Buyer's market Affordable · cooling Affordability → most expensive most affordable Momentum → cooling running hot New York · Affordability 0 · Momentum 60 New York San Francisco · Affordability 2 · Momentum 54 San Francisco Bristol · Affordability 5 · Momentum 11 Bristol Edinburgh · Affordability 1 · Momentum 13 Edinburgh Birmingham · Affordability 1 · Momentum 24 Birmingham Manchester · Affordability 1 · Momentum 59 Manchester London · Affordability 18 · Momentum 35 London Adelaide · Affordability 2 · Momentum 17 Adelaide Perth · Affordability 1 · Momentum 48 Perth Brisbane · Affordability 2 · Momentum 24 Brisbane Melbourne · Affordability 10 · Momentum 24 Melbourne Sydney · Affordability 5 · Momentum 18 Sydney Montreal · Affordability 0 · Momentum 26 Montreal Calgary · Affordability 5 · Momentum 23 Calgary Vancouver · Affordability 10 · Momentum 47 Vancouver Toronto · Affordability 13 · Momentum 7 Toronto Miami · Affordability 0 · Momentum 47 Miami Phoenix · Affordability 1 · Momentum 47 Phoenix Austin · Affordability 9 · Momentum 52 Austin UK · Affordability 0 · Momentum 14 UK AU · Affordability 3 · Momentum 20 AU CA · Affordability 11 · Momentum 17 CA US · Affordability 0 · Momentum 18 US
United States Canada Australia United Kingdom triangle = country aggregate · tap or hover a dot for details
What this shows. Every tracked market currently sits in Bubble watch or Expensive stagnation. No market right now is in Recovery or Buyer's market. When markets do migrate into those quadrants, it signals a real regime shift worth tracking.

Each market is positioned by its affordability score (left = least affordable) and momentum score (top = running hot). The four quadrants name the regime each combination describes. Triangles are country aggregates; circles are individual cities.

Four markets at a glance
Nineteen cities
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United States

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Canada

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Australia

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United Kingdom

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How to read this

Most sentiment trackers give you one number. Housing markets aren't one-dimensional, so we publish two.

Affordability measures how reachable housing is for a typical buyer right now — combining median price-to-income, mortgage-payment-to-income, and price-to-rent. A score of 80 means the market is unusually affordable relative to its own ten-year history. A score of 20 means it's unusually expensive.

Momentum measures how hot the market is right now — combining year-over-year price growth, months of inventory, days on market, and sale-to-list ratio. A score of 80 means the market is running hot. A score of 20 means it's cooling or declining.

The two often disagree, and that's the analytical point. A low-affordability, low-momentum reading is a stagnating expensive market. A low-affordability, high-momentum reading is a bubble-watch candidate. A high-affordability, high-momentum reading is a recovering market. A high-affordability, low-momentum reading is a buyer's market.

Full methodology and data sources are public.