Sentences with phrase «high home price growth»
High home price growth in Jacksonville has made The River City the fastest - growing metropolitan housing market in the nation, with prices up 2 percent quarter - over-quarter, according to Clear Capital's recently released Home Data Index (HDI) Market Report.
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In California, one of the states with highest home price growth, 68 % believe more people will relocate citing high home prices
In a comparison of red and blue states, blue states saw higher home price growth last year, at 9.1 percent, than red states, at 5.9 percent.
The market in Portland, Ore., which saw the highest home price growth in the nation in 2016, continues to rank at the top of metropolitan areas measured in the report, growing 2 percent quarter - over-quarter.
Not exact matches
The tight supply is pushing home prices higher, considerably faster than income growth.
This has larger implications when coupled with slow wage growth, high home prices, and mounting student debt.
In Seattle, home of the company's current headquarters, the influx of high - paid Amazon employees has coincided with rent increases that outpace almost all other U.S. cities and the fastest growth rate in home prices nationwide.
«While tight supply is expected to keep home prices on an upward trajectory in most metro areas in 2018, both the uptick in mortgage rates and the impact of the new tax law on some high - cost markets could cause price growth to moderate nationally,» said Yun.
Home buyers today have historically high levels of house - purchasing power, and that's one important reason why, even as unadjusted house price growth exceeds household income growth, the talk of an affordability crisis is over-stated for now.»
Demand for new homes, combined with low supply growth, has generated increased sales volume, as well as higher average sales and closing prices.
The affordability pinch will slowly take the heat out of home prices, but even if gains slowed to 5 percent annually, that is still higher than historical norms and still higher than income growth.
Other limiting factors are low wage growth, high unemployment, the large numbers of workers who have dropped out of the labor force, declining home prices, higher tax payments and a flattening out of transfer payments.
Home prices have been levitated back to the previous bubble levels (and higher in many cases), even as real income growth for most Americans has stagnated.
Housing inventories are near historic lows and median home prices are near historic highs, yet supply growth in starter homes remains insufficient to lure young buyers.
In 2015, Queens experienced the highest growth in home sales prices and the second highest growth in rental prices across the five boroughs, according to StreetEasy.
CoreLogic's chief economist, Frank Nothaft, said, «Growing numbers of first - time homebuyers find limited for - sale inventory for lower - priced homes, leading to both higher rates of price growth for starter homes and further erosion of affordability.»
«Mortgage rates have risen 1 % or more ten times in the last 43 years, with little impact on home sales and prices when the economy was also strong... Historically, rising confidence, solid job growth, and higher wages have more than offset reduced demand for housing resulting from higher mortgage rates.»
This growth in home prices being fueled by people willing to pay higher monthly payments for houses because homes were too low.
«Many of the metros at the top of our list have these two common characteristics: strong job growth, and residents who prefer renting over homeownership as median home prices remain relatlively high and the cost of mortgage debt continues to increase,» explains Steve Hovland, director of research at HomeUnion.
«The growth in Raleigh - Durham has translated to a real estate market with home prices appreciating at a fast rate, especially in the high - demand neighborhoods and locations.»
WASHINGTON (March 21, 2016)-- After increasing to the highest annual rate in six months, existing - home sales tumbled in February amidst unshakably low supply levels and steadfast price growth in several sections of the country, according to the National Association of Realtors ®.
After increasing to the highest annual rate in six months, existing - home sales tumbled in February amidst unshakably low supply levels and steadfast price growth in several sections of the country, according to the National Association of REALTORS ®.
«The continued home price growth, driven by inventory that can't keep up with the high demand, is further proof of a strong appetite for home - buying,» says Banfield.
«Listing prices in our market are a product of ongoing high demand, projected population growth, and the low inventory levels of homes in what is one of the most desirable locations to live,» says Rick Turley, president of Coldwell Banker Residential Brokerage in the San Francisco Bay Area.
In 53 percent of the counties analyzed for the Index, annual wage growth bested home price growth — the highest percentage since the first quarter of 2012.
Cities in the San Francisco Bay Area that imposed growth controls in the 1980s experienced home price increases 38 percent higher than those in comparable communities over the same time period.
«For example, even though the Memphis MSA has the highest effective gross yield (EGY) at 13.7 percent, its relative small average change in home price growth from Q2 to Q4 means that there's no real market slowdown in Memphis — it's a year - round home - buying season,» Villacorta says.
Despite solid interest in buying a home — sparked by steady job gains, record low mortgage rates and higher rents — the severe drought in housing supply in much of the country over the past year accelerated price growth and kept many first - time buyers out of the market.
More than 11 % of homes sold had a sales price over $ 500,000, and sales growth was highest among homes in above - median - priced categories.
2016 existing - home sales are expected to rise moderately in a balance between pent - up buyer demand, higher prices, and meager economic growth.
«While tight supply is expected to keep home prices on an upward trajectory in most metro areas in 2018, both the uptick in mortgage rates and the impact of the new tax law on some high - cost markets could cause price growth to moderate nationally,» Yun says.
After increasing to the highest annual rate in six months, existing - home sales tumbled in February amidst unshakably low supply levels and steadfast price growth in several sections of the country.
Existing - home sales are expected to finish the year at their highest pace since 2006, but price growth and rising mortgage rates could slow sales.
Slow economic growth in many countries, higher home prices, and a strong U.S. dollar led to a decline in home buying from non-resident foreigners.
Adds Yun, «With home prices and rents continuing to rise and wages showing only modest growth, declining affordability remains a hurdle for renters considering homeownership — especially in higher - priced markets.»
Broomfield County, Colo.: A county with an explosive job growth of 50 percent in the last decade with high - tech giants nearby; median home price: $ 239,000.
Existing - home sales increased last month and were considerably higher than the start of 20152, but price growth quickened to 8.2 percent — the largest annual gain since April 2015 (8.5 percent).
Waning economic growth in many countries and higher home prices further enhanced by a strengthening U.S. dollar resulted in a slight decline in international sales dollar volume of U.S. property over the past year and a significant retreat in buying from non-resident foreigners.
Heading into 2018, existing - home sales and price growth are forecast to slow, primarily because of the altered tax benefits of homeownership affecting some high - cost areas.
«The lack of supply over the past year has been eye - opening, and is why, even with strong job creation pushing wages higher, home price gains — at 5.8 percent nationally in 2017 — doubled the pace of income growth and were even swifter in several markets,» says Yun.
«The rapid price growth in high - end and luxury markets seems to have stagnated as affordability continues to put downward pressure on home price appreciation.»
«Meanwhile, we expect moderation in 2017 for rent and home price growth, but it will still be higher than inflation, reflecting the tight inventory in the housing market.
«Affordability will be the name of the game over the course of 2017, as the past few years of relatively impressive price growth have pushed home prices closer to the peak levels of 2006, with several markets reaching above and beyond to all - time highs,» Villacorta says.
«As we begin to evaluate home prices in the first quarter, we will monitor whether new headwinds — higher mortgage rates and changes in tax laws — will lead to any moderation in the rate of house price growth.»
Manitoba's housing affordability weakened for a second consecutive quarter as growth in home prices, higher utility costs and higher mortgage rates overwhelmed income growth.
All the major metros that rank high in the rental demand category have strong job growth, low vacancy, high projected rent gains and limited threat from renters purchasing high - priced homes, according to the report.
On the demand side, the strong growth in rent mirrors rapid home price appreciation in the metropolitan area: the median existing single family home price in Naples has risen by 88 % in the last five years and is the highest in the South at $ 417,800 (compared with the U.S. median price of $ 231,100).
Over the past six months, low - end home price growth decelerated in six out of 21 markets, while high - end prices only slowed down in four markets.
«While tight supply is expected to keep home prices on an upward trajectory in most metro areas in 2018, both the uptick in mortgage rates and the impact of the new tax law on some high - cost markets could cause price growth to moderate nationally,» said Yun.
The sustained lack of inventory in many neighbourhoods across the GTA continued to underpin high rates of price growth for all home types,» said Mr. Cerqua.