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.
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.
United States
Canada
Australia
United Kingdom
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.