A number of cities are enjoying strong population and employment growth, which support strong
housing price gains.
Having acquired so much debt, Canadians are vulnerable to rate increases, and
housing price gains have vastly outpaced wage growth.
As headlines trumpet
house price gains each month, the anxiety surges.
Widespread
House Price Gains Have Accompanied Accommodative Financial Conditions (Diffusion Index of House Price Growth and Global Financial Conditions)
«Historically strong inflation - adjusted
house price gains are tempering consumer sentiment, whereas consumer optimism regarding the ease of getting a mortgage reached a survey high.»
Royal LePage forecasts modest
house price gains for remainder of 2013, as Canadian housing emerges from current market cycle TORONTO, July 9, 2013 — The average price of a home in Canada increased between 1.2 per cent and 2.7 per cent in the second quarter of 2013, according to the Royal LePage House Price Survey -LSB-...]
Royal LePage forecasts modest
house price gains for remainder of 2013, as Canadian housing emerges from current market cycle
«The shifting of some markets off the IMI in June underscores the fragile nature of the housing recovery as well as the fact that many locations that previously made the list had recorded only marginal
house price gains, which were easily wiped out by small downward changes,» notes NAHB Chief Economist David Crowe.
Projecting annual
house price gains to slow from 9.3 percent in 2013, to 4.5 percent in 2014 and 3.0 percent in 2015.
Nevertheless, the magnitude of
house price gains is leading to increasing concern about the possibility of this boom turning to bust once mortgage rates begin to rise.
Not exact matches
The Teranet - National Bank index of
house prices in the country's 11 largest metropolitan regions rose 6.1 % in November, yet only four cities — Toronto, Hamilton, Vancouver and Victoria — actually posted
gains.
Historically, job increases and wage
gains have buoyed the
housing market and served as an offset to rising mortgage rates, warding off extreme scenarios such as plunging
house prices.
But a closer look at the different
housing segments reveals a mixed landscape, with lower -
priced homes showing the largest
gains.
The rise in
house prices is outstripping wage
gains.
Economists will be watching to see if the Federal Reserve's move to raise interest rates — and the subsequent
gain in mortgage rates — has affected
housing prices.
Yet, homeowners still did very well —
house prices registered double - digit
gains in most years.
This
gain reflects continued increases in
housing wealth due to rising
house prices in many areas of the country, as well as steady
gains in the stock market.
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?
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.
Gain unparalleled insight into the dynamics of a highly varied Canadian
housing market with the Teranet - National Bank
House Price Index ™ monthly public release.
This is yet another
housing forecast for Dallas that calls for smaller
price gains in 2016.
The Oakland
housing market has generated a slew of headlines over the last year or so, mainly the result of fierce competition and rapid home -
price gains.
Those above - average
gains were a response to the tremendous home -
price appreciation that occurred after the
housing crash.
Despite the significant
price gains of 2016 and 2017, the Phoenix
housing market is still well below the peak
price level reached during the last
housing boom.
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.
Detached
houses saw the smallest
price gains, with the benchmark
price at $ 1,605,800 — up 5.1 per cent from April 2017 and down 0.2 per cent from March 2018.
When you sell a
house, the capital
gain is the difference between the
price you paid for it and the
price you sold it for.
Home
prices within the Sacramento
housing market have also made significant
gains in recent years.
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.
Circumstances are slightly more encouraging in France, where households are benefiting from wealth
gains associated with double - digit
house price growth.
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 year.
Recent
housing market forecasts for California's Inland Empire suggest that the region could experience above - average home
price gains during 2017, when compared to the nation as a whole.
That score came as L.A. home
prices surged 15.9 percent in two years — No. 32 biggest
gain; per - capita homebuilding of 6
houses per 10,000 population was fourth slowest nationally; and business output rose 4.9 percent last year, No. 51 fastest.
Price gains accelerated for all benchmark
housing categories tracked by the index.
The latest index records only modest
gains of 2.6 % in Australian
house prices over the past year to March (using ABS data), ranking the country 10th best performing global
housing markets out of 18 over 2012 with the top performing market being Hong Kong (24.5 %) followed by Brazil (12.8 %), South Africa (11.1 %) and India (10.7 %).
Price declines turned to increases in 2012 and 2013 as the
housing recovery
gained momentum.
The strongest
gains were in some of the markets hardest hit by the
housing crisis: Phoenix home
prices were up 23 percent, Detroit home
prices were up 13.6 percent, and Las Vegas home
prices were up 12.9 percent.
An important factor supporting consumption has been the strong
gains in wealth arising mainly from higher
house prices.
These trends no doubt fuel the Chicago
housing market predictions for 2017, some of which call for additional
price gains over the next year or so.
«The realtor.com ® 2017 top 10
housing markets based on
price and sales
gains are: 1.
July's Consumer
Price Index painted a similarly weak picture, with respective monthly and annual
gains of 0.1 % and 1.7 % held back by moderating
housing costs and sharply lower cell phone charges.
From TRD New York:
Price gains slowed ever - so - slightly in China's major cities in July amid the government's effort to rein in the
housing market...
RealtyTrac also analyzed the 46 largest
housing markets in the U.S. (with populations of 1 million or more) to see where the biggest annual home -
price gains occurred.
Federal
housing officials made these changes in response to significant home -
price gains that occurred nationwide during 2016.
Seattle was one of the hottest
housing markets of last year, in terms of
price gains.
It found that
price expectation shocks accounted for 30 per cent of the increase in home values between 1996 and 2006, larger than all other factors driving
price gains, such as
housing supply,
housing demand or mortgage rates.
And we know that
house prices can deviate in a meaningful way from underlying fundamentals, especially if expectations of
price gains are based on simple extrapolations and become disconnected from economic fundamentals.
The Australian Agricultural Company's rural property portfolio has risen in value by almost twice that of Sydney
house prices in the last year, with its huge cattle stations having
gained 15.8 per cent.
But sorting out such issues is not politically convenient for Cameron, especially as many traditional Conservative voters in the south have had most to
gain from runaway
house prices over the last 30 years.
We want everyone to
gain from homeowning, but not everyone can
gain because
house prices are a zero sum game.