This was not the case 10 years ago, when easy access to credit and a booming economy and
low housing prices pushed young people to buy.
Not exact matches
But as the recovery picks up in
housing,
pushing prices higher and cap rates
lower, real estate funds are getting increasingly creative in their quests for attractive returns.
On the other hand, leaving the interest rate
low encourages the kind of borrowing and spending that has produced record - high levels of consumer debt in Canada and
pushed housing prices into the stratosphere.
The aim of promoting
low down payments is to
push prices back up so that fewer
houses are going to be in negative equity and fewer people are going to walk away from the mortgages.
Lower inventory levels have served to
push housing prices steadily higher.
Any initiatives focussed purely on first time buyers, without a sufficient increase in
house building, could
push prices up for entry level properties; particularly if second time movers have
low or negative equity.
Yet, the
push to redevelop the downtown core into a commercial and residential hot spot is anticipated to pull
housing prices up, even if continued oil
prices are
low or stagnant.
Demand for homes has been showing some serious signs of stabilization, as
low mortgage rates,
low home
prices, and improved job growth have
pushed first time home buyers off the fence and into the
housing market.
Its
low unemployment rate and affordable yet steadily rising
housing prices pushed the city to the top spot in our annual ranking of the best places to buy property in Canada's major urban centres.
In my last post, I highlight eight distinct factors that have helped
push housing prices up in metro Vancouver and across the
lower mainland.
Low rates and fevered buying
pushed house prices too high.
Take a look at some of the bills the
House GOP is
pushing: The «
Lowering Gasoline
Prices to Fuel an America That Works Act of 2014,» HR 4899, prioritizes oil and gas development over any other uses of America's public lands, be they conservation, hunting, hiking, wildlife habitat, or historic preservation.
Without more action by the government to help
housing, the Fed warns that «the adjustment process will take longer and incur more deadweight losses,
pushing house prices lower and thereby prolonging the downward pressure on the wealth of current home owners and the resultant drag on the economy at large.»
While relatively
low housing prices may be drawing new residents to the Sun Belt, there are signs that increased demand may already be
pushing prices higher.
Price swings are always more volatile in the upper - end
housing market, so a 30 percent stock market decline that translates into a 15 percent to 20 percent drop in the
prices of expensive homes would probably
push lower - end homes down by 5 percent, Pavlov says.
Many have watched from the sidelines as
low inventory, stock - rich high - tech professionals, an ever vigilant Federal Reserve, and growth - conscious state and local governments have combined to
push modest -
priced housing out of their reach.
«Competition for existing
houses on the market remained stiff last month, as
low inventories in many markets reduced choices and
pushed prices above some buyers» comfort level,» he said.
In my last post, I highlight eight distinct factors that have helped
push housing prices up in metro Vancouver and across the
lower mainland.
While the number of homes for sale should rise with the onset of the spring selling season,
housing inventory is expected to remain
low,
pushing prices higher.
If the vacancy rate in the rental
housing market is
low, such demand increases will
push rents and home
prices up, since there is an inherent link between rents and
prices.
However, historically
low mortgage rates and strong
house price appreciation could
push more existing homeowners to tap their equity in the form of cash - out refinances, which reached an aggregate $ 57.7 billion for 2016.
Home affordability is at 1971 levels, due to falling home
prices and record
low mortgage rates,
pushing home ownership in reach to more families, according to the U.S. Department of
Housing and Urban Development (HUD).
Low housing supply has
pushed up home
prices and created multiple offer situations and bidding wars throughout the country.