After posting their strongest increase in 16 years in 2005 (10.2 per cent),
house price growth in 2006 will moderate to 4.9 per cent as existing home markets become more balanced, CMHC says.
According to John Loos of FNB, «the FNB House Price Index was just beginning begun to show some recovery, although still seeing negative
house price growth in real terms (when adjusted for CPI inflation).
House prices within the country's major metropolitan areas continue to good capital growth, registering healthy growth rates with pockets of excellence such as Cape Town Metro which has experienced
house price growth in excess of 20 percent over the past year to date.
Moody's says
house price growth in Australia does not appear to be fuelled by excessive credit growth, capital buffers at the LMI companies are sufficient to meet a serious cyclical recession and mortgage loss ratios are not only benign, they are likely to improve.
«The new lending restrictions imposed by the Central Bank are also likely to weigh negatively on buyers and help to push down
house price growth in 2015.
House price growth in the GTA has accelerated sharply in recent months, suggesting to us that speculative forces are at work.
These cities» slightly negative
housing price growth in the chart is a figment of their unusually elevated housing prices circa 1980.
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.
Some of the possible excess
in house prices could
in the interval be tempered by factors such as income
growth, regulatory changes and modest
price corrections along the way.
A report from CIBC World Markets recently predicted the stock market might fall 10 % — 15 % this summer due to a confluence of factors, including a weak U.S.
housing market, increasing fiscal strain, expensive oil
prices, sluggish corporate earnings
growth and disruptions
in global supply chains stemming from the Japanese crisis.
«Additional government support for home ownership, especially
in the context of
housing markets experiencing rapid
price growth and restricted
housing supply, are likely to be counterproductive,» Morneau wrote.
Montreal also fell into that category, but CMHC warned it might have to revise that assessment, given the rapid
growth of
house prices in some neighbourhoods.
In tandem, if wages do not rise at the rate of
house -
price growth, then buying a property becomes more and more unaffordable.
SC: Aussie dollar bears who are counting on AUD to tumble on either a China
growth slowdown or a collapse
in Australian
house prices will be waiting a long time.
Housing prices in Pennsylvania grew just 2.6 % between Q3 2014 and Q3 2015, the seventh - lowest
growth rate among the states and DC.
«
In line with the 2013 norm,» June price growth was driven by single - detached and semi-detached houses, particularly in the city of Toronto, the board said in a report Thursda
In line with the 2013 norm,» June
price growth was driven by single - detached and semi-detached
houses, particularly
in the city of Toronto, the board said in a report Thursda
in the city of Toronto, the board said
in a report Thursda
in a report Thursday.
Housing prices in Arizona rose 8.3 % between Q3 2014 and Q3 2015, the seventh - highest
growth rate
in the country.
The company's latest
House Price Survey, released Tuesday, found that most regions showed healthy year - over-year price growth, with the average price of a home in Canada rising between 2.5 per cent and 5.4 per
Price Survey, released Tuesday, found that most regions showed healthy year - over-year
price growth, with the average price of a home in Canada rising between 2.5 per cent and 5.4 per
price growth, with the average
price of a home in Canada rising between 2.5 per cent and 5.4 per
price of a home
in Canada rising between 2.5 per cent and 5.4 per cent
Housing prices in Colorado increased 12.7 % between Q3 2014 and Q3 2015, the second - highest
growth rate among the states and DC.
For some economists, the surge
in home ownership,
house prices and credit without strong income
growth equals only one thing: a bubble.
In December realtor.com ranked Las Vegas as the best
housing market going into 2018, with a projected
price growth of 6.9 %.
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.
An uptick
in commodity
prices, combined with two years of supply cost cuts, created some room to get financial
houses in order and invest
in production
growth in 2017.
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.
Oversupply: An oversupply of used cars, multi-family
housing units
in some markets and other segments is further contributing to decelerating
growth in prices.
Nationwide
house prices increased strongly for several years up to late 2003, reaching a peak
growth rate of around 20 per cent
in that year.
At least some of the
growth in housing prices since the middle of last year was a bit of a catch - up from a period of weakness.
Canada currently supplies over 1/3 of U.S. lumber consumption and if the current rate of
growth in housing starts continues, the U.S. will need to increasingly rely on higher -
priced imported lumber from outside of North America to fulfill their needs if they impose a quota restriction on Canadian lumber.
And while slower
price growth suggests Canada is already «moving towards a more balanced
housing market,» today's
prices are still,
in the bank's view, «elevated» after «a 10 - year build - up.»
Latest data from Australian Bureau of Statistics show
house price growth for the eight capital cities fell to 1 per cent
in the December quarter compared to 5 per cent for the year.
And by that we mean bring an end to double - digit
price gains, bring about a steep correction
in house prices to levels the city's lowly middle - class incomes can afford, bring about an end to staggering household debt levels and ultimately, bring about the end of
housing as the economy's engine of
growth?
But, looking forward, the risk is that we might move towards undesirably strong
growth in Australian
housing prices.
Dhar suggests that the recent moderation
in house price growth «has reignited risk that China's property sector may retrench again», suggesting that the outlook for residential construction, hence commodity demand, will remain weak
in the year ahead.
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.
«Overlooked
in the comparison of income
growth and unadjusted
house price growth is that a change
in household income is not the only factor that influences how much home one can afford to buy,» Fleming said.
But 5.6 % is still well above the national forecast for year - over-year
price growth, and that makes Dallas another hot
housing market to watch
in 2016.
Both Realtor.com and Zillow have predicted that Sacramento will be one of the hottest
housing markets
in 2017, with
price growth well above the national average.
Earlier this year, Zillow published a list of what it felt would be the ten hottest
housing markets of 2017,
in terms of
price growth.
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.
There were six charts — credit spreads
in overseas bond markets, credit to GDP, credit
growth,
house prices, banks» impaired assets and risk - weighted capital ratios.
Unsurprisingly
in this environment, the
growth in housing prices was strong, particularly
in Melbourne and Sydney.
In many cities, home -
price gains have outpaced wage and income
growth over the last couple of years, and this kind of trend can lead to
housing affordability issues.
In the United Kingdom, the economy remains buoyant, spurred by a strong labour market and continued rapid growth in house prices (Graphs 10 and 11
In the United Kingdom, the economy remains buoyant, spurred by a strong labour market and continued rapid
growth in house prices (Graphs 10 and 11
in house prices (Graphs 10 and 11).
Circumstances are slightly more encouraging
in France, where households are benefiting from wealth gains associated with double - digit
house price growth.
Surveys and official data indicate flat or falling
house prices across the UK; according to the Nationwide and Halifax surveys,
house prices increased at an annualised rate of 1.8 per cent over the past three months, compared with annualised
growth in excess of 20 per cent
in the first half of 2004.
In large part this has been driven by growth in share prices and house prices, although the demutualisation of the AMP Society and capital gains from the first stage of the Telstra float provided an additional boost to available wealth last yea
In large part this has been driven by
growth in share prices and house prices, although the demutualisation of the AMP Society and capital gains from the first stage of the Telstra float provided an additional boost to available wealth last yea
in share
prices and
house prices, although the demutualisation of the AMP Society and capital gains from the first stage of the Telstra float provided an additional boost to available wealth last year.
The run - up
in credit
growth and the associated boom
in house prices in recent years presented two implications for the economy: they tended to boost
growth in the short term, but carried the risk of a damaging correction if they continued too long.
We expect
house price growth to moderate a bit to 4.4 percent
in 2016, still well above the long - run sustainable rate of
house price growth.»
Unemployment is at its lowest rate since the mid 1970s and the
housing market has shown renewed strength
in recent months, with year - ended
growth in national
house prices back above 15 per cent.
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.