If it's good
for rising house prices or profits of financial institutions, we Canadians seem to be quite willing to look the other way.
Not exact matches
«Given that the decline in home
prices had so much to do with the de-leveraging that was taking place on the consumer side,» a recent 10 %
rise in the
housing market «is a key reason
for optimism about growth improving,» Marple said.
Perth
house prices rose 0.5 per cent last month, with an industry analyst suggesting the worst may be over
for local dwelling values.
The average selling
price for all homes in the Greater Toronto Area, including
houses and condos, surged to $ 916,567 in March, a 33 per cent
rise from the year before, according to the Toronto Real Estate Board.
Edwards disputes the assertion that Britain isn't building enough
housing, instead blaming central bankers, including Haldane,
for the inexorable
rise in property
prices.
The U.S.
housing sector, typically a harbinger of solid upturns, is going gangbusters: dwelling
prices have
risen for more than nine straight months and
housing starts are climbing strongly.
This is familiar ground
for the SocGen strategist, who argued back in April that the British government could «concrete over the entire length and breadth of the UK and
house prices would still
rise» arguing that Britain doesn't actually have a shortage of
housing, just a big imbalance in supply and demand.
(If you thought
housing prices rose faster than 4.7 percent per year under Clinton, you may be mistaking his presidency
for George W. Bush's; during the first seven years of the Bush administration,
housing prices grew by almost 8 percent annually.)
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.
Demand
for housing credit is up, as are
house prices, and purchases of some investment goods by firms
rose mid year.
Housing costs are
rising, both
for home
prices and rents.
For example, the
prices of secondary education and
housing have been increasing much more rapidly than the
prices of other goods and services; meanwhile fuel
prices have
risen, fallen,
risen again and fallen again — each time very sharply — in the past ten years.
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 th
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 th
housing market — but this time in a positive direction, as home
prices, construction and demand are on the
rise.
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.»
Millennials face a
housing market where rent and home
prices have
risen faster than incomes
for decades.
By median value,
house prices rose by 1.4 % in large tier one cities in December, outpacing a gain of 0.3 %
for smaller tier two cities and flat growth in smaller tier three and four cities.
Summary: Recent
housing market forecasts
for Fresno, California suggest that home
prices will continue
rising steadily in 2017.
One recent forecast
for the Phoenix
housing market suggests that home
prices will
rise at a more modest, but historically average, pace of around 3.5 % over the next year.
Recent
housing market forecasts
for 2017 through 2018 suggest that home
prices in the U.S. could
rise somewhere between 3 % and 5 % over the next 12 months.
In its 2017
housing market forecast
for the state, the California Association of REALTORS ® projected that the median home
price statewide would
rise by 4.6 % in 2017, compared to a gain of 5.4 % in 2016 and 6.6 % in 2015.
A new forecast
for the Los Angeles
housing market suggests that home
prices could
rise considerably slower over the next year than the previous 12 months, settling into a historically average rate of growth.
Home
prices across the metro area
rose steadily in 2016, with the median
house price climbing above $ 660,000
for the first time.
Predictions
for the Orange County
housing market in 2017 suggest that
prices could
rise more slowly over the coming months.
These
prices continue to
rise more rapidly than building - materials
prices, suggesting that profit margins and / or labour costs in the residential construction sector have increased in response to the recent strength in demand
for residential construction work and the
rise in
prices of established
houses.
They've predicted that the median
price for houses in Tampa will
rise by 4.5 % from April 2017 to April 2018.
But with home
prices rising steadily across the country, some
housing markets are becoming too expensive for a Federal Housing Administration - insured hom
housing markets are becoming too expensive
for a Federal
Housing Administration - insured hom
Housing Administration - insured home loan.
A recent forecast
for the Santa Ana, California
housing market suggests that home
prices could
rise more slowly over the months ahead.
Update: Toward the end of 2017, federal
housing officials announced they would be increasing the baseline loan limit
for 2018, nationwide, in response to
rising home
prices.
If the whole thing — the
rises in stock
prices, in corporate earnings, in the
housing market, even in job growth — is driven solely by the flood of money, or whether five years of zero - interest rates and trillions of dollars in bond purchases have succeeded at getting a more resilient economic engine
for the United States up and running.
For the past few years, the Finance Minister has been trying to prevent Canadian
house prices and consumer debts from
rising too quickly — without causing a major slump in the real estate market that would hurt the economy.
But 20 percent down proved too large a hurdle
for many potential homeowners as
housing prices rose in the 1990s and beyond.
International real estate consulting firm Knight Frank is now reporting that their Global
House Price Index has
risen for eight consecutive quarters.
This means that the total cost of
housing is going to be much more expensive
for them, even before considering the
rise home
prices since 2012.
However, while cost of living
for many daily needs and activities are lower than other major cities,
housing prices in Kansas City are definitely on the
rise and demand is high.
An additional complication
for Australian monetary policy at present is posed by the rapid growth of credit and its flow - through into strongly
rising housing prices.
A variety of data are now available
for the March quarter, which point to broadly unchanged median
house prices, following a slight
rise in the December quarter (Table 8 and Graph 29).
Housing market developments have been at the heart of the divergence, with a
house price boom contributing to
rising household wealth and an increased appetite
for debt in France and Spain, while real incomes and
house prices have been flat or falling in the other major euro - zone economies.
We think that the bad debt charges from moderately
rising unemployment and stagnating
housing prices will be actually quite well contained
for the overall UK banking system.
According to the company's 2017 home -
price forecast
for Los Angeles,
house values are expected to
rise by a more modest 3 % over the next 12 months (through January 2018).
Now, a California home
price forecast
for 2017 issued by the state's Realtor association suggests that
house values could
rise even slower in the months ahead.
Home
prices tend to
rise whenever there's strong demand
for housing, especially when inventory is limited by comparison.
Summary: Recent
housing market forecasts
for Fresno, California suggest that home
prices will continue
rising...
A recent forecast
for U.S. home
prices suggests that
house values will
rise more slowly in 2017, more closely matching historical averages.
A recent report by CoreLogic showed that the median sales
price for houses and condos in the Denver real estate market
rose 10.3 % in May 2016, compared to the same time last year.
Given these tight inventory conditions, it's no surprise to see Grand Rapids
housing market forecasts that call
for rising prices through 2018 and into 2019.
Recent forecasts
for the Long Beach, California
housing market suggest that home
prices in the area could
rise more slowly in 2017, compared to the growth seen in 2016.
For months now, Washington has had the fastest
rising house prices in the United States.
The San Diego
housing market could experience steady home -
price appreciation from 2016 to 2020, with
prices rising by around 3 % — 6 % annually
for each of those years.
We have covered similar forecasts
for Texas and California
housing markets in the past, and the general consensus is that home
prices in both states will
rise more slowly in 2016 than in the previous year.