NAR Chief Economist Lawrence Yun talks about January existing - home sales, seasonal price trends, and reasons for
the current rise in home prices.
Not exact matches
For example, you can find the
current value of your
home by multiplying its purchase
price by the percentage that
home values have
risen in your area.
«
Rising home prices have restored equity, providing even more incentive for borrowers to stay
current with their payments,» ABA Chief Economist James Chessen said
in a news release.
For example, you can find the
current value of your
home by multiplying its purchase
price by the percentage that
home values have
risen in your area.
RealtyTrac's figure is based on
current house
prices — and doesn't take into account possible further
rises in home prices.
Saving up this much money
in the
current economic environment — where wages have been flat for years while rents and
home prices have been
rising — is extremely difficult.
That despite the continued
rise in prices in overvalued markets such as Vancouver and Toronto, and their view that
current home prices are unsustainable
in the long run, they say «there is a heightened risk of a
price correction
in over-valued markets.»
Current proposals by global warming advocates will likely cost billions of dollars and require a wholesale transformation of the nation's economy and society. Americans could be paying 30 percent more for natural gas
in their
homes and even more for electricity.  The cost of coal could quadruple and crude oil
prices could
rise by an additional -LSB-...]
«Our
current forecast is for the median existing
home price to
rise 4.5 to 5 percent this year and about 5 percent
in 2013, which is somewhat stronger than historic norms because of the inventory shortfall that is most pronounced
in the low
price ranges,» Yun says.
The
current U.S. economy favors the growth of
home buying, despite
rising prices in certain areas.
Getting a
home appraisal is even more important
in the
current real estate market, with
prices beginning to
rise and valuations based on previous sales or property tax records often outdated and incomplete.
Considering the
rising home prices and strong competition
in many areas of the country, when asked how much beyond their budget they went to get into their
current home, one - third of national homebuyers surpassed their budget by $ 16,510 on average.
Current trends
in the real estate market show
rising home prices, yet affordability remains strong.
In fact, at current mortgage rates, home prices would have to rise by 35 % to get back to their average historic relationship to rents, according to calculations by Segal Rogerscasey, a global investment advisory firm headquartered in New York Cit
In fact, at
current mortgage rates,
home prices would have to
rise by 35 % to get back to their average historic relationship to rents, according to calculations by Segal Rogerscasey, a global investment advisory firm headquartered
in New York Cit
in New York City.
Current home prices have notably improved with December
prices rising 3.0 percent year - over-year, just 0.1 percentage point higher than
in November.
Total housing inventory at the end of April
rose 11.9 percent, a seasonal increase to 2.16 million existing
homes available for sale, which represents a 5.2 - month supply at the
current sales pace, compared with 4.7 months
in March.Listed inventory is 13.6 percent below a year ago, when there was a 6.6 - month supply, with
current availability tighter
in the lower
price ranges.
For example, real estate pro Cara Ameer
in Jacksonville Beach, Fla., says with
home prices in the area
rising 15 percent over the past year, she was concerned the appraisal on a two - bedroom townhouse wouldn't reflect the
current rise.
Ryan discusses the death of Osama Bin Laden; Ryan reviews the economic news of the week; Ryan notices the correlation between increased
home sales and interest rate drops; Louis notes we can't expect the housing market to be supported by further decreases
in rates as they are already near historic lows; Ryan explains that interest rates change once every four hours; Ryan notes the difference between getting a quote and being locked
in to an interest rate; Ryan advises the importance of keeping
in touch with your mortgage lender; Louis notes that interest rates change a lot faster than
home prices; Ryan notes that the consumer confidence was up, Ryan and Louis discuss the Fed's decision to keep interest rates where they are and to continue the $ 600 billion QE2 program; Ryan and Louis discuss the Fed's view that inflation is nascent; Louis notes that not only does the Fed not see inflation that exists but disclaims any responsibility for it; Louis asserts that there is a correlation between oil
prices and Fed policy; Louis discusses Ben Bernanke's assertion that the Fed can't control oil
prices but that they somehow can control the impact of higher oil
prices on the rest of the economy; Louis also remarks on Bernanke's view of the dollar - the claim that a strong dollar can be achieved through the Fed's
current policy as it is their belief that they are creating a sound economy and therefore a sound dollar; Louis notes the irony of the Fed chastising Congress» spendthrift ways — if the Fed did not monetize the debt, Congress could» nt spend; Louis noted that as Bernanke spoke the
prices of gold and silver
rose as it seemed that the Fed has no interest
in cutting off the easy money; the
current Fed policy will keep interest rates low; Ryan notes that the Fed knows that they can't let interest rates
rise because of the housing mess; Louis notes that the Fed has a Hobson's Choice - either keep rates low or let interest rates
rise and cut off the recovery.
The average homeowner is pledging to stay put
in their
current home for the next eight years, citing «
rising house
prices» (38 %) and «Brexit» (26 %) as key reasons for not moving, that's according to a survey of over 1,000 UK homeowners from comparethemarket.com.