A home price index is meaningful only if it can be replicated with a consistent methodology over time so it can provide a reliable measure of
movements of home prices through time.
The most prominent market trends for real estate are the ongoing lack of abundant inventory, the steadily upward
movement of home prices and year - over-year declines in home sales
An influx of new homes on the market relieves pressure on the limited supply of existing homes, helps slow the upward
movement of home prices, and will, over time, ease the affordability of homes on the market.
The three most prominent national market trends for residential real estate are the ongoing lack of abundant inventory, the steadily upward
movement of home prices and year - over year declines in home sales.
Not exact matches
Armstrong, who has been part
of a local
movement promoting the building
of more tiny
homes as an affordable housing alternative, says on Austin - American Statesman that the flexibility that tiny
homes offer was one reason she built one for herself, in the midst
of rising housing
prices in Austin:
«Uncertainty regarding the improving labor market, expectations
of little
home price and interest rate
movement, and rising household expenses has left consumers feeling less financially secure and translates into weak mortgage demand.
NAR projects the affordability index for all
of 2012 will be at an annual high, with little
movement in mortgage interest rates or
home prices during the year.
While rising rents and
home values have benefited many along the way, they have become enough
of a burden on young adults and families that a new political
movement has emerged; this
movement argues that more
homes must be built in order to mitigate housing
price appreciation and allow more people to live where they wish.
Much
of this
movement is driven by rising
home prices, which has made
home more unaffordable for many.
Based on the potential for further upward
price movement in 2012 and continued access to the most affordable lending rates in history, MRIS urges potential
home buyers to recognize the unpredictability
of the market while keeping positive indicators top -
of - mind and becoming familiar with their local market.
Subdued
home price growth estimates for 2017 are increasing as end -
of - year data becomes available, indicating a slight showing
of movement in the year ahead.
Accurate and reliable information on
home prices, their
movements through time and recent trends is necessary from an investment point
of view since the purchase
of a house is for most households the largest capital expenditure and it should be viewed as an investment that can increase their wealth through value appreciation.
Besides
home buyers, information on house
price levels and their
movements through time form the basis
of key decisions for a variety
of professionals and players in the private sector such as mortgage lenders, house builders,
home sellers, and property consultants.
«A good portion
of movement is driven by a higher proportion
of lower
priced and smaller - sized
homes getting sold during the winter months.
Finally, as the housing sector, represents one
of the largest contributors to local and national economies (both directly and indirectly through its linkages to several sectors
of the economy such as furniture, building materials,
home equipment, etc.) a measure
of movements in
home prices, is necessary in researching and measuring the effect
of the housing sector on key economic indicators such as inflation, income and employment growth, construction activity and economic cycles.