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 64 New York San Francisco · Affordability 2 · Momentum 73 San Francisco Bristol · Affordability 7 · Momentum 5 Bristol Edinburgh · Affordability 0 · Momentum 46 Edinburgh Birmingham · Affordability 1 · Momentum 33 Birmingham Manchester · Affordability 2 · Momentum 47 Manchester London · Affordability 23 · Momentum 17 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 52 Montreal Calgary · Affordability 4 · Momentum 63 Calgary Vancouver · Affordability 11 · Momentum 25 Vancouver Toronto · Affordability 12 · Momentum 36 Toronto Miami · Affordability 0 · Momentum 72 Miami Phoenix · Affordability 1 · Momentum 50 Phoenix Austin · Affordability 9 · Momentum 62 Austin UK · Affordability 0 · Momentum 43 UK AU · Affordability 3 · Momentum 20 AU CA · Affordability 11 · Momentum 29 CA US · Affordability 0 · Momentum 73 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.