On the other side, Statistics Canada says new - home prices are down 3.2 % since last September, while the Teranet - National Bank
House Price Index says home values are down 8.9 % from last summer.
Not exact matches
Western Australia's
house price index has risen 2.7 per cent in the June quarter, in line with the national upward trend, the Australian Bureau of Statistics
said today.
«The different timing of Easter in 2016 and 2017 contributed to air fares being the main contributor to the increase in the 12 - month rate of the Consumer
Prices Index including owner occupiers»
housing costs (CPIH) between March 2017 and April 2017,» the ONS
said in a release.
A survey of property developers and real estate companies showed the average
price of
housing in 100 Chinese cities rose by a modest 0.03 % in December from a year earlier, data provider China Real Estate
Index System
said Friday.
The popular real estate
index, which tracks repeat sales of identical single - family
houses as they turn over through the years,
said San Diego home
prices had risen 7.4 percent in a year.
With
house prices continuing to rise, RBC
said its affordability
index deteriorated in the first quarter of this year — the third quarter that has happened out of the last four — with the deterioration particularly acute in the hot markets of Toronto, Calgary and Vancouver.
«Despite recent swings in mortgage rates, the
housing market continues to show signs of strength — both existing — and new - home sales in March exceeded expectations, and the Case - Shiller Home
Price Index posted another solid gain,» Becketti
says.
«Ongoing job growth continues to fuel demand for
housing, while wage growth is helping to offset the effects of rising mortgage rates and keep home
prices affordable,»
said Robert Dietz, chief economist at the NAHB, in a statement on the
Index.
Housing in these and other areas, however, is becoming less within reach, as record - high rents drive record - high
prices,
says FAU Professor Ken Johnson, one of the authors of the
Index and a real estate economist.
«This is the first time the
housing affordability
index has broken the 200 mark, meaning the typical family has roughly double the income needed to purchase a median -
priced home,»
says Moe Veissi, 2012 NAR president.
«This is the first time the
housing affordability
index has broken the two hundred mark, meaning the typical family has roughly double the income needed to purchase a median -
priced home,» he
said.
«The Home
Price Perception
Index is a perfect example of how localized
housing is across the country,»
says Bill Banfield, executive vice president of Capital Markets at Quicken Loans.
Despite rising
house prices, Canada's
housing affordability improved in the second quarter of 2005 as the dip in mortgage rates to multi-year lows offset the higher prices, says the latest Housing Affordability Index from RBC Eco
housing affordability improved in the second quarter of 2005 as the dip in mortgage rates to multi-year lows offset the higher
prices,
says the latest
Housing Affordability Index from RBC Eco
Housing Affordability
Index from RBC Economics.
«With the S&P CoreLogic Case - Shiller National Home
Price Index rising at about 5.5 percent annual rate over the last two - and - a-half years and having reached a new all - time high recently, one can argue that
housing has recovered from the boom - bust cycle that began a dozen years ago,»
said Blitzer in a statement.
Canada's
housing affordability improved slightly in the third quarter of 2005 due to faster income growth in tightening labour markets and slower house price increases, says the latest Housing Affordability Index released by RBC Eco
housing affordability improved slightly in the third quarter of 2005 due to faster income growth in tightening labour markets and slower
house price increases,
says the latest
Housing Affordability Index released by RBC Eco
Housing Affordability
Index released by RBC Economics.
The popular real estate
index, which tracks repeat sales of identical single - family
houses as they turn over through the years,
said San Diego home
prices had risen 7.4 percent in a year.
Even as the
price of the average Toronto area detached home climbed to about $ 1 million this fall ($ 1.3 million in Toronto), half of buyers in the region
say that's the kind of
house they expect to purchase, according to the Ontario Real Estate Association (OREA) Ontario Home Ownership
Index being released Tuesday.
«While many of the markets on the February IMI are far from fully recovered, the
index points out where employment, home
prices and
housing production are no longer retreating and have held above their lowest recession troughs for six months or more,»
said NAHB Chief Economist David Crowe.
But despite the positive trends in home
price indexes,
housing starts, and home sales, when can we
say that
housing has fully recovered?
«
Prices of existing homes and
housing overall are seeing strong growth and contributing to recent solid growth for the economy,»
says David M. Blitzer, managing director and chairman of the
Index Committee at S&P Dow Jones
Indices.