Sentences with phrase «rapid home price growth»
«Entry - level homes have been in particularly short supply, leading to more rapid home price growth compared with more expensive homes,» says Dr. Frank Nothaft, chief economist for CoreLogic.
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«Additional government support for home ownership, especially in the context of housing markets experiencing rapid price growth and restricted housing supply, are likely to be counterproductive,» Morneau wrote.
While revenue initially surged as property taxes caught up with the rapid growth in home prices associated with the pre-recession housing bubble, they fell sharply once home prices plummeted, and since then have risen only slowly.
According to our second quarter Mortgage Lender Sentiment Survey, lenders expect to ease credit standards further; however, we continue to project that the pace of growth in total home sales will slow to 3.3 percent this year, as we believe rapid home price gains amid scarce supply will remain a hurdle for potential homebuyers, despite improvements in credit access.»
«The rapid price growth in high - end and luxury markets seems to have stagnated as affordability continues to put downward pressure on home price appreciation.»
On the demand side, the strong growth in rent mirrors rapid home price appreciation in the metropolitan area: the median existing single family home price in Naples has risen by 88 % in the last five years and is the highest in the South at $ 417,800 (compared with the U.S. median price of $ 231,100).