Not exact matches
«Strong home
price appreciation has turned into a double - edged sword for the
housing market as it boosted the net share of consumers saying it's a good time to sell to a record
high, surpassing the plunging good time to buy indicator for the first time in the history of the survey.»
I looked at the National FRED database, and was able to confirm my thoughts:
housing prices in some of the
high cash flow markets BP members have highlighted in the south east (Atlanta, Knoxville, Baltimore, Raleigh) generated average
appreciation of 3 % or less over the last 30 years.
Bolstered by low mortgage rates and a swelling demand from equity - rich baby boomers, the
housing markets have been out of balance for the past few years, with existing - home inventories alarmingly low — only 3.8 months» supply on a nationwide basis as of January — and
price appreciation undesirably
high.
Of the
housing types surveyed for the report, the
highest average
price appreciation occurred in detached bungalows, which rose to $ 292,237 (+15.6 per cent) year - over-year, followed by standard condominiums, which rose to $ 208,403 (+14.2 per cent), and standard two - storey properties, which increased to $ 351,367 (+13.3 per cent).
«Indeed, survey respondents in areas with
high housing costs, such as Washington D.C., California and New York, were more likely than others to agree that the new tax code would negatively impact
house price appreciation,» he added.
Low inventory combined with
high demand led to continued
price appreciation in the Calgary
housing market.
These
house -
price appreciation estimates do not include improvements to home
prices that occurred since June and were depressed by a
high level of refinance activity.
The drivers of
housing demand are in place for a sustained recovery:
high affordability; job growth (albeit modest); strong investor demand; rising buyer confidence; lean home inventories; home
price appreciation; and fewer distressed homes for sale.
Consistent with the past three quarters of 2006, the fourth quarter recorded the
highest average
price appreciations in all
housing types surveyed, in Calgary and Edmonton.
Of the
housing types surveyed, the
highest average
price appreciation occurred in detached bungalows, which rose by 15.4 per cent to $ 338,738, followed by standard two - storey properties, which rose to $ 399,469 (13.2 per cent), and standard condominiums, which increased to $ 238,784 (15.1 per cent), year - over-year.
The Survey of Canadian Average
Prices in the Third Quarter report shows that of the
housing types surveyed, the
highest average
price appreciation occurred in detached bungalows, which rose to $ 300,365 (+16.3 per cent) year - over-year, followed by standard condominiums, which rose to $ 211,562 (+14.2 per cent), and standard two - storey properties, which increased to $ 365,380 (+13.2 per cent).
Higher - priced houses enjoy a higher rate of appreciation and tend to sell more quickly, according to Coldwell Banker, the nation «s largest realty
Higher -
priced houses enjoy a
higher rate of appreciation and tend to sell more quickly, according to Coldwell Banker, the nation «s largest realty
higher rate of
appreciation and tend to sell more quickly, according to Coldwell Banker, the nation «s largest realty firm.
Regina's
housing market posted the
highest year - over-year
price appreciations with gains as
high as 49 per cent among standard condominiums; St. John's condominium market followed closely behind, rising by 26.9 per cent.