Sentences with phrase «as rising house prices»

«Across Canada, housing affordability further eroded as rising house prices outpaced income growth in the third quarter of 2006,» says Derek Holt, assistant chief economist, RBC, in a news release.
First - time buyers looking to get their foot on the housing ladder are turning to increasingly complex ways to purchase their first home as rising house prices push the dream of owning a property out of reach for most of those trying to «go it alone».

Not exact matches

Historically, job increases and wage gains have buoyed the housing market and served as an offset to rising mortgage rates, warding off extreme scenarios such as plunging house prices.
The contractor is also a prime beneficiary of the White House's defense budget increase, as well as new arms deals with the likes of Saudi Arabia: Lockheed's stock price has risen some 26 % over the past year, handily beating the S&P, while revenue jumped 17 % in 2016.
Some bad economic news this morning: New home sales rose slightly in April, but median housing prices fell sharply, as did the number of new unemployment claims, according to the Wall Street Journal.
Even in a flat housing market, consumer spending could weaken since homeowners will not feel as rich as they do when prices rise.
As people flee San Francisco and Silicon Valley in search of cheaper housing — heading to places like Stockton, Oakland and Sacramento — prices in those second - tier markets are rising.
Mortgage payments as a percentage of income (MPPI) rose 0.6 points, as a 6.6 % increase in house prices outweighed lower mortgage rates and a higher average median income.
Treasury prices rose on Tuesday, pushing yields higher, as fears over the U.S.'s protectionist policies makes a return on reports that the White House may crack down on Chinese investments in American tech companies.
Whatever is the current cause of the rise of prices in the housing market, when computed as the mortgage cost in labour time in terms of the average weekly salary, residential properties, with the exception of the 1988 - 1991 period, are now clearly less affordable for middle - class Canadians than they were for the last five decades.
The Congressional Budget Office defines asset bubbles as: «An economic development in which the price of a class of physical or financial assets (such as houses or securities) rises to a level that appears to be unsustainable and well above the assets» value as determined by economic fundamentals.
Demand for housing credit is up, as are house prices, and purchases of some investment goods by firms rose mid year.
Indeed, the strong growth of investor housing loans has driven the growth in household debt (as a share of disposable incomes) over recent years and contributed to a rise in both housing prices and dwelling construction.
Now that the region's economy is recovering and creating jobs, the Workforce Housing Scorecard is again released at a turning point for the housing market — but this time in a positive direction, as home prices, construction and demand are on thHousing Scorecard is again released at a turning point for the housing market — but this time in a positive direction, as home prices, construction and demand are on thhousing market — but this time in a positive direction, as home prices, construction and demand are on the rise.
Homebuyers this year face stiff headwinds as supply dwindles, house prices rise, and competition gets fierce.
So long as house prices were rising, borrowers were able to refinance and roll over the loan.
Western allies press Trump to maintain nuclear deal with Iran: Reuters US intelligence monitors Iranian cargo shipments into Syria: CNN A trade war is a major risk for China's debt - ridden economy: CNBC Federal judge orders gov» t must accept new DACA immigration applications: WaPo Unification of Koreas still unlikely as leaders prepare to meet: Reuters US Consumer Confidence Index rebounded in April after March decline: CB New home sales in US increased to 4 - month high in March: MarketWatch Richmond Fed Mfg Index turns negative for first time since 2016: Bond Buyer S&P Case - Shiller Home Price Index surged in Feb, up 6.3 % y - o - y: CNBC Federal Housing Finance Agency: US house prices continued to rise in Feb: HW Corp bonds with lowest investment - grade rating look vulnerable: Bloomberg 10 - year Treasury yield reaches 3.0 % for first time since 2014: CNN Money
So, my bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables — output, employment, and inflation.»
(c) suburban and exurban housing prices have been flat since 2008 in metro Vancouver, whereas (like in Toronto) prices have risen in the inner core, but I'm not sure I'd attribute that to the carbon tax as much as people deciding to value their time over the size of their home (and value the walkable, transit - oriented lifestyle).
This gain reflects continued increases in housing wealth due to rising house prices in many areas of the country, as well as steady gains in the stock market.
Rising house prices and the accompanying wealth effect, courtesy of ballooning equity lines of credit, have kept the economy from faltering as business spending retrenches and exports disappoint — last year real estate was by far the largest contributor to GDP in seven of 10 provinces, including B.C. and Ontario.
When Alan Greenspan flooded the mortgage market with credit, homeowners borrowed against («cashed out» on) the rise in housing prices as if their homes were a piggy bank.
Housing affordability will decline in 2015, as a result of rising mortgage rates and home price appreciation.
The real estate information company Zillow reports that the median house price rose 7.5 % over the last 12 months alone (as of November 2017).
That score came as L.A. home prices surged 15.9 percent in two years — No. 32 biggest gain; per - capita homebuilding of 6 houses per 10,000 population was fourth slowest nationally; and business output rose 4.9 percent last year, No. 51 fastest.
Agents are getting higher commissions as home prices rise, but have fewer houses to list because homeowners are reluctant to sell.
So long as the population grows, and becomes richer, real house prices should on balance rise.
As Federal Reserve Bank of Boston President Rosengren has stated: «in retrospect, many borrowers took significant risks that would only be successful in a market with rising housing prices and the ability to refinance as needed» (Rosengren 2007As Federal Reserve Bank of Boston President Rosengren has stated: «in retrospect, many borrowers took significant risks that would only be successful in a market with rising housing prices and the ability to refinance as needed» (Rosengren 2007as needed» (Rosengren 2007).
Probably, true, there are lots of houses in LA and OC brought up by investors that jacked the price up, but with rising interest rates and a limit of the mortgage deduction it might not work as much in the future.
«Pent - up demand will intensify to another cycle of rapidly rising prices in the future as financially retrenched millennials buy up undersupplied housing stock,» he said.
But 20 percent down proved too large a hurdle for many potential homeowners as housing prices rose in the 1990s and beyond.
David notes that as housing prices continue to rise, the housing market is moving in the right direction.
House prices reported by the Standard and Poor's / Case - Shiller show the same dynamics as the FHFA index, sharply rising prices during the boom followed by steep declines and finally recovery beginning in 2012.
In addition to the concern about lenders» strong incentives to offer predatory loans, they argue that such «teaser» payment loans have the risk of boosting housing bubbles as they are popular with both borrowers and lenders, who expect housing prices to continue to rise during bubbles.
To make things worse, Canada's economy has been hit hard by falling oil prices, and investors remain wary of a Canadian housing market that has shown signs of becoming a bubble, as well as rising consumer debt rates.
As in Australia, consumption has also been supported by rapid house price inflation, with prices rising by 16 per cent over the past year and doubling over the past five years.
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.
China's growth over the same period was 6.9 %, unchanged from the first three months of the year, with the property sector a notable area of strength, as house prices continued to rise despite measures by the Chinese government to cool the country's housing market.
As mentioned earlier, home prices are expected to continue rising in most of the housing markets on the Forbes / Local Market Monitor list.
If mortgage rates rise modestly as expected in 2017, sales elsewhere may normalize with smaller price appreciation, especially as housing starts rise to fill the inventory breach, but recently, rates have been on the decline.
If gas prices continue to rise and Obama does nothing as usual he will lose the White House.
That this House: (1) notes with concern the impact on the Dairy Industry of the Coles milk pricing strategy and that: (a) dairy farmers around the country are today seriously questioning their future having suffered through one of the worst decades in memory including droughts, floods, price cuts and rising cost of inputs such as energy and feed; (b) unsustainable retail milk prices will, over time, compel processors to renegotiate contracts with dairy farmers and the prospect that these contracts will be below the cost of production may force many to leave the industry; (c) the fact that supermarkets are now selling milk cheaper than many varieties of bottled water will be the straw that finally breaks the camel's back for many dairy farmers; and (d) the risk of other potential impacts includes: (i) decreased competition as name brands are forced from the shelves; and (ii) the possible loss of fresh milk supplies to some parts of the country as local fresh milk industries become unviable; and (2) calls on the Government to: (a) ask the ACCC to immediately examine the big supermarkets and milk wholesalers after recent price cuts to ensure they do not have too much market power and are not anti-competitive in their behaviour; and (b) support the new Senate inquiry into the ongoing milk price war between the country's major supermarket chains».
This isn't some abstract thesis of economists: we can see the effects of it when new stations are built in the commuter belt: house price rises along stations which will soon be on London's forthcoming Elizabeth Line (formerly known as Crossrail) have outstripped those in the rest of London.
As housing prices rise, speculative capital gets in, leading to a higher increase in prices and a bigger attraction of speculative capital.
As SLF Director Dr Buch makes clear, not only is the recovery itself incomplete and built on unsustainable debt and rising house prices, the amendments seek to boost the commitments on jobs, housing and living standards made elsewhere by our party.
This would help dampen house price volatility; the total tax burden on a property rises with the value of the property, pushing up the overall purchase price and making the property less attractive as an investment.
The purpose of a property tax, unlike a consumption tax, is partly to raise more money as real house prices rise, so that the tax rate stays the same regardless of fluctuations in property values.
As long as house prices are on the rise the Tories will win&raquAs long as house prices are on the rise the Tories will win&raquas house prices are on the rise the Tories will win»
But eventually even the rich will lose out as inequality increases because there will come a day when housing prices can no longer rise any higher.
It's led to a gradual decline in housing subject to the rent laws, as the price of apartments in New York has steadily risen.
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