Surely the tax free nature of the investment is one important driver
of house price rises.
I do think Portfolio.com is on the right track by looking at the amount
of the housing price rise that has happened.
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.
Western Australia's
house price index has
risen 2.7 per cent in the June quarter, in line with the national upward trend, the Australian Bureau
of Statistics said today.
On average, 87 %
of the 150
housing markets tracked by NAR experienced
rising home
prices in 2016, up from an average
of 75 % in 2014.
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.
Debt and
rising housing prices are some
of the reasons.
Seattle's City Council on Friday released new draft legislation that would tax large employers in order to raise $ 75 million next year to counter the effects
of rising rents and
house prices.
In tandem, if wages do not
rise at the rate
of house -
price growth, then buying a property becomes more and more unaffordable.
In recent years, Ottawa has implemented several measures to restrict mortgage lending in the face
of rising house prices.
The rapid
rise in
house prices in Toronto and Vancouver has caught the attention
of the Bank
of Canada, which declared two months ago that they were not sustainable.
The contractor is also a prime beneficiary
of the White
House's defense budget increase, as well as new arms deals with the likes
of Saudi Arabia: Lockheed's stock
price has
risen some 26 % over the past year, handily beating the S&P, while revenue jumped 17 % in 2016.
Over the last 20 years, in spite
of the
housing crash, you would have done better with real estate if you bought in one
of the 20 U.S. cities where
prices have
risen the most.
Some bad economic news this morning: New home sales
rose slightly in April, but median
housing prices fell sharply, as did the number
of new unemployment claims, according to the Wall Street Journal.
«If there really was a shortage
of housing in the UK, rents like
house prices, would be
rising well in excess
of the CPI, whereas they have broadly
risen in line over the last ten years.»
The U.S.
housing sector, typically a harbinger
of solid upturns, is going gangbusters: dwelling
prices have
risen for more than nine straight months and
housing starts are climbing strongly.
This is familiar ground for the SocGen strategist, who argued back in April that the British government could «concrete over the entire length and breadth
of the UK and
house prices would still
rise» arguing that Britain doesn't actually have a shortage
of housing, just a big imbalance in supply and demand.
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
«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.»
As people flee San Francisco and Silicon Valley in search
of cheaper
housing — heading to places like Stockton, Oakland and Sacramento —
prices in those second - tier markets are
rising.
(If you thought
housing prices rose faster than 4.7 percent per year under Clinton, you may be mistaking his presidency for George W. Bush's; during the first seven years
of the Bush administration,
housing prices grew by almost 8 percent annually.)
Mortgage payments as a percentage
of income (MPPI)
rose 0.6 points, as a 6.6 % increase in
house prices outweighed lower mortgage rates and a higher average median income.
Whatever is the current cause
of the
rise of prices in the
housing market, when computed as the mortgage cost in labour time in terms
of the average weekly salary, residential properties, with the exception
of the 1988 - 1991 period, are now clearly less affordable for middle - class Canadians than they were for the last five decades.
The Congressional Budget Office defines asset bubbles as: «An economic development in which the
price of a class
of physical or financial assets (such as
houses or securities)
rises to a level that appears to be unsustainable and well above the assets» value as determined by economic fundamentals.
The figure shows clearly that the cash cost
of a residential property in terms
of weeks
of labour time remained roughly constant all the way from 1970 to 1986, at which point
housing prices in Canada (and in particular in the Toronto area)
rose drastically during the next three years.
Demand for
housing credit is up, as are
house prices, and purchases
of some investment goods by firms
rose mid year.
Rising housing prices raise the cost of living, while rising stock and bond prices increase the cost of buying a retirement income — leaving pension funds unable to make good on their pro
Rising housing prices raise the cost
of living, while
rising stock and bond prices increase the cost of buying a retirement income — leaving pension funds unable to make good on their pro
rising stock and bond
prices increase the cost
of buying a retirement income — leaving pension funds unable to make good on their promises.
In Canada in the period since the global financial crisis, the most concerning vulnerabilities have been in the household sector — notably the combination
of rising indebtedness and elevated
house prices.
There exists a number
of indices that look at the
price of housing by deflating the nominal dollar
price of a
house by the consumer
price index (CPI) to get an idea
of how fast
housing prices are
rising relative to the general
rise in
prices of consumer goods.
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.
From about 1945 to mid-1980, families were able to ride a wave
of rising house prices.
For example, the
prices of secondary education and
housing have been increasing much more rapidly than the
prices of other goods and services; meanwhile fuel
prices have
risen, fallen,
risen again and fallen again — each time very sharply — in the past ten years.
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
Do you have an idea
of the extent
of the link between securitization and speculation in the real estate market that contributes to the
rising house prices and astronomical sums in securitization at present?
(c) suburban and exurban
housing prices have been flat since 2008 in metro Vancouver, whereas (like in Toronto)
prices have
risen in the inner core, but I'm not sure I'd attribute that to the carbon tax as much as people deciding to value their time over the size
of their home (and value the walkable, transit - oriented lifestyle).
Often enough, when excess savings are high, they flow into real estate and stock markets, perhaps even setting off bubbles, with overinvestment in real estate an almost inevitable consequence
of rapidly
rising housing prices.
The world is awash in cheap debt, and whether we're talking about wealthy foreigners or local residents desperate not to be shut out
of the market, the siren call
of fast -
rising house prices is too powerful to ignore.
While affluent knowledge, professional and creative workers have been squeezed, it is lower - paid blue - collar and service workers who bear the brunt
of rising housing prices.
Rising house prices have shielded the reality
of increasing ownership costs, but households can't live on asset appreciation, unless they sell, take a reverse mortgage, or a line
of credit against their
house.
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.
Rising house prices and the accompanying wealth effect, courtesy
of ballooning equity lines
of credit, have kept the economy from faltering as business spending retrenches and exports disappoint — last year real estate was by far the largest contributor to GDP in seven
of 10 provinces, including B.C. and Ontario.
Rising housing prices mean larger and larger debts extracting interest out
of the economy.
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.
House prices in Dallas have
risen steadily over the last couple
of years.
Oakland
Housing Market Forecast Home
prices in Oakland
rose steadily, and significantly, over the last couple
of years.
One recent forecast for the Phoenix
housing market suggests that home
prices will
rise at a more modest, but historically average, pace
of around 3.5 % over the next year.
The
housing - market recovery is tenuous and probably far too reliant on central - bank stimulus, but we'll take
rising home
prices over falling home
prices any day
of the week.
Meanwhile, if there has been any panic in the market, it's been among
house hunters afraid
of missing out on a chance to buy before
prices rise higher — a sure sign
of froth.
According to JLL's latest white paper - Up, Up and Away: The
Rise and
Rise of Hong Kong's Residential Market, JLL expects Hong Kong's
housing prices to grow 15 % in the coming 30 months given strong demand from owner - occupiers
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.