Sentences with phrase «outpacing home price growth»
«Stronger wage growth is the silver lining in this report, outpacing home price growth in more than half of the markets for the first time since Q1 2012, when median home prices were still falling nationwide.
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Wage growth, however, outpaced home price growth in 21 percent of the counties analyzed, and outpaced rent growth in 38 percent.
Not exact matches
In Seattle, home of the company's current headquarters, the influx of high - paid Amazon employees has coincided with rent increases that outpace almost all other U.S. cities and the fastest growth rate in home prices nationwide.
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.
During the quarter, the strongest growth continued to come from outside of the downtown core, with all GTA sub-regions outpacing home price appreciation in the City of Toronto.
It's no secret that home prices are outpacing income growth.
In many U.S. cities, home - price gains over the last few years have outpaced wage and income growth by a wide margin.
The housing affordability issue in San Diego has been well documented, and it could worsen over the coming years as home price appreciation outpaces income growth.
When home prices rise too quickly, outpacing wage growth and other economic metrics, we get into «bubble» situations.
If the growth of mortgage lending outpaces the supply of new homes, this will inevitably bid up house prices.
«In the majority of markets, home price appreciation has been outpaced by growth in rental rates.»
But home prices have far outpaced wage growth.
Home prices continue to chart growth, rising on an annual basis to outpace inflation, according to CoreLogic's recently released Home Price Index (HPI) for January 2017.
The National Association of REALTORS (R) recently reported that housing affordability has fallen to a five - year low as home price increases have outpaced income growth.
«Affordability has fallen to a five - year low as home price increases easily outpaced income growth,» he said.
According to Yun, most of the metro areas with the biggest need for increased construction have strong appetites for buying, home - price growth that outpaces incomes and common instances where homes sell very quickly.
«Affordability has fallen to a five - year low, as home price increases easily outpaced income growth,» Lawrence Yun, chief economist for the National Association of REALTORS ®, noted in a recent housing report.
«Although the economy is expected to continue to expand with around 2 million net new job creations, existing - home sales are expected to see little expansion next year because of affordability tensions from rising mortgage rates and prices continuing to outpace income growth,» says Yun.
And throughout the country, increases in home prices are outpacing wage growth.»
Some industry experts predicted that as home prices become too heated in the most expensive markets in America and far outpace wage growth, homebuyers will give up on those markets and buy in the city outskirts, or in other more affordable markets.
Zillow is predicting that buyers will move (or relocate, for repeat homebuyers) toward «amenity - rich suburbs» or mini-cities in order to find affordable homes for sale as prices outpace wage growth in larger metros.
An unfortunate byproduct of the housing market growth is prices outpacing wage growth by almost double, meaning fewer people are going to be able afford homes in the coming years.
Home prices have risen quickly over the last three and half years, again outpacing wage and job growth.
Toronto - Dominion Bank economist Diana Petramala points out that last month marked the first time since 2010 that growth in condo prices in Canada outpaced the rise in single - family home prices.
«Depressed inventory, particularly in the more affordable segments, will likely constrain sales and push home price gains that outpace income growth.
However, Yun cites rising mortgage rates, home prices that still outpace wage growth, and a fragile global economy as the main challenges that could hold back a stronger pace of sales this year.
Buying, the study states, is still more affordable than renting in 58 percent of U.S. housing markets despite home price appreciation outpacing rent growth in 55 percent of markets.
«That is good news because over the past few years rents and home prices have far outpaced wage growth,» says Blomquist.
In Seattle, home of the company's current headquarters, the influx of high - paid Amazon employees has coincided with rent increases that outpace almost all other U.S. cities and the fastest growth rate in home prices nationwide.
And even though they are typically two - income families, home prices are outpacing wage growth.
«As home price appreciation continues to outpace rental growth in most areas, renting has clearly become the lesser of two housing affordability evils,» said Daren Blomquist, vice president at Attom, in a statement.
«Although buying is still more affordable than renting in the majority of U.S. housing markets, that majority is shrinking as home price appreciation continues to outpace rental growth in most areas,» said Daren Blomquist, vice president at ATTOM Data Solutions.
«Although buying is still more affordable than renting in the majority of U.S. housing markets, that majority is shrinking as home price appreciation continues to outpace rental growth in most areas,» said ATTOM Data Solutions vice president Daren Blomquist in a press release.