Sentences with phrase «house price declines»

In metro areas where house price declines were more severe, the share of «cash - out» borrowers was smaller.

This will be the second wave of house price declines.

Refuse to rule out house price declines in 2009;

That's in contrast to other regions of the country, particularly the Atlantic region, where affordability improved in certain markets, and Alberta, where affordability was flat as house price declines were offset by rising unemployment.

Moreover, housing market conditions still vary significantly across the country, with the worst performing counties still experiencing high volumes of distressed sales and annual house price declines of around 5 percent.

«When house prices declined, ushering in the global financial crisis, many households saw their wealth shrink relative to their debt,» its authors observed, «and with less income and more unemployment, found it harder to meet mortgage payments.»

«A stress test that claims that if the Dow falls by 60 %, the unemployment rate rises to 12 %, housing prices decline substantially more than they did during the 2008 recession, GDP declines by 6 - 7 % — and that all of that can happen and no bank will be in serious financial trouble or have any problem of being undercapitalized or illiquid — I kind of think says more about itself than it says about the health of the banking system.»

Overall, while no single indicator can be regarded as definitive, the preponderance of price falls in the major cities suggests that for Australia overall, house prices declined in the March quarter.

They will be willing to buy a home with a huge loan and even if housing prices decline, they probably won't sell and rent immediately and will do their best to meet the mortgage payments.

Thanks to high unemployment rates and poor economic conditions in the 90s, housing prices declined, on average, 1.5 % a year that decade.

Now, as housing prices decline further and foreclosures grow, the markets are worried that Fannie and Freddie themselves may default on their debt.

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 has suffered the biggest drop in house prices, falling 2.4 per cent in the June quarter, as capital city house prices across Australia decline by the sharpest rate in nearly than three years.

New housing construction declined 4.1 % in the second quarter, indicating the strength in real - estate is reflected in prices for existing homes and commissions.

While Pinsonneault and his colleagues do believe house prices will decline in 2015 and 2016, they're convinced it will be s slow cooling, not a crash.

The average home price fell by 8.5 % between August 2008 and March 2009, according to the Teranet - National Bank House Price Index, in a decline sparked by the financial crprice fell by 8.5 % between August 2008 and March 2009, according to the Teranet - National Bank House Price Index, in a decline sparked by the financial crPrice Index, in a decline sparked by the financial crisis.

If, in contrast, the Fed were to raise rates now, before the economic recovery is fully entrenched, house prices might resume declines, the values of businesses large and small would drop, and, critically, unemployment would likely start to rise again.

«International research has found that highly indebted households cut back their spending to a greater degree in response to declining house prices than those with lower debt levels,» he said in a letter to the House finance committee this mhouse prices than those with lower debt levels,» he said in a letter to the House finance committee this mHouse finance committee this month.

According to Acadata and LSL property services and reported by Bloomberg, the average price of a house in London was down 2.7 % on the year in September, the decline accelerating from a rate of 0.7 % in August.

«The trend will continue and, down the road, we'll see some outright declines in housing prices,» he says, in the order of 25 %.

Clear Capital says prices declined 4.1 % in 2010 and are likely to continue declining at a more moderate pace of 3.6 % in 2011 (via Housing Wire):

But Seattle has also seen rising housing prices and gentrification, and its unemployment rate has not declined significantly.

Those kinds of numbers support the view that «a potentially severe housing correction is underway,» says David Madani, an economist at Capital Economics, who for months has been predicting a 25 % decline in Canadian home prices.

Minutes after Clinton released her statement, White House press secretary Josh Earnest said that «greedy» pharmaceutical companies which jack up costs «often do real damage to their reputation» during a media briefing (while declining to «second guess» Mylan's specific pricing strategies).

Following years of increasing employment and wealth driving up rent and property prices in San Francisco and surrounding cities, demand for luxury housing appears to be on the decline and housing and condo price appreciation have «basically plateaued,» according to Paragon Real Estate Group.

But the real story has little to do with declines in housing prices or consumer debt loads.

Kolko recently studied America's 100 largest housing markets and found that since 1980, such declines have sent home prices reeling in seven U.S. metro areas that have significant energy - related employment.

It is difficult to see how income growth in the future can bring this ratio close to the historical average within any reasonable period - so it follows that house prices will have to decline.

Both countries experienced sharp declines in housing prices soon afterward.

The forecasted increase in housing prices amid a predicted decline in commercial real - estate prices offers some opportunities for investors.

They declined as the economy and housing prices dropped, and then picked back up again as the economy recovered.

As stated in the announcement, housing prices in Ukraine have declined by approximately 70 percent from a 2008 peak.

The «search for yield», i.e. for better return on financial investments than the declining interest rate, thus led to the series of bubbles & bursts: deregulated savings & loans (immediately), high - tech stocks (late 90's), mortgage derivatives — > house prices (2000's).

The default decisions by investors are much more sensitive to declining house prices than those by owner - occupied borrowers.

However, when house prices began to decline, lenders were unwilling to refinance, and as a consequence, borrowers were often unable to pay the higher interest rates, which prompted defaults.

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

All up, national house prices fell 1.1 per cent, driven mainly by the declines in Sydney and Melbourne, Corelogic said.

House prices in Brisbane and the Gold Coast declined a little on these measures, though not by as much as those further south.

Hence, they plan to engineer a managed price decline, and an increase in public housing imo.

«Major declines in house prices and the continuing high level of unemployment are reflected in the various measures of household debt and credit.

I bought way too much house in 2008, immediately lost my job, and then couldn't sell because prices were on a fast decline.

There have been growing worries that overheated prices in Vancouver and Toronto could be a problem for the broader economy, especially if there is a sudden decline in housing prices sparked by higher interest rates.

Mike James, president of Coldwell Banker Residential Brokerage, cites a more balanced housing market as the main reason for the price decline.

Housing affordability will decline in 2015, as a result of rising mortgage rates and home price appreciation.

The adjustment in the Australian housing market during 2004 should assist prospects for sustainable economic growth, with the decline in house prices and new lending during much of the year alleviating the overheating which had previously been apparent in that part of the economy.

Following the peak of the housing bubble in 2006 and the subsequent market collapse, U.S. home prices declined for six years.

The IMF has also warned of a possible Swedish housing bubble, saying «There is significant risk of a decline in house prices in coming years, even in a relatively benign economic scenario,» [4] while the OECD warned that Swedish housing prices are overvalued by about 30 percent in relation to income.

Those four states also saw steep declines in house prices.

There are at least four factors that can be identified: reset shock, poor assessment of the risks by the lending institution, a decline in underwriting standards and, more recently, the decline in house prices (although this is somewhat endogenous).

In 2008 to 2009, Canadian housing was relatively cheap compared to the U.S., but after years of breakneck price growth north of the border and declines down south, that's no longer the case.