Rapidly rising house prices create a wealth effect that allows homeowners to live beyond their means.
Of growing concern, however, is
that rapidly rising house prices in these two cities could encourage some households to take on larger mortgages than they can handle when interest rates rise,» added Mr. Guatieri.
And in times of cheap, easy money and
rapidly rising house prices (equity), you'd expect this to be even more true.
«The main culprit behind
rapidly rising house prices is the GTA's unbalanced market — housing supply can not meet demand — not foreign buyers,» Tim Hudak, CEO of the Ontario Real Estate Association, said in a statement on Thursday.
Rapidly rising house prices have seen a far great proportion of households liable for stamp duty and inheritance tax than was originally intended.
And in times of cheap, easy money and
rapidly rising house prices (equity), you'd expect this to be even more true.
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.
Rapidly rising housing prices in the early 2000s and up to 2007, have boosted demand for this type of investing, as a means of realizing significant capital gains.
«Very low borrowing rates have encouraged household credit growth and underpinned
rapidly rising housing prices, particularly in Vancouver and Toronto, which together are a third of the Canadian housing market,» the report said.
There are many reasons why people are choosing to rent — one being
rapidly rising housing prices as the market steadily improves.
Rapidly rising housing prices in the early...
Not exact matches
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.
These
prices continue to
rise more
rapidly than building - materials
prices, suggesting that profit margins and / or labour costs in the residential construction sector have increased in response to the recent strength in demand for residential construction work and the
rise in
prices of established
houses.
Both series suggest that
house prices continue to
rise most
rapidly in Melbourne and Sydney, where
prices have
risen by over 50 per cent and around 30 per cent respectively since mid 1996, according to the REIA data (Graph 18).
«Pent - up demand will intensify to another cycle of
rapidly rising prices in the future as financially retrenched millennials buy up undersupplied
housing stock,» he said.
With
rising house prices and a shortage of well -
priced properties, affordable
housing has
rapidly changed from a social to political issue.
Problem 1:
Housing costs are
rising, and this is pushing up government expenditure Over the past few decades rents and
house prices have
risen much more
rapidly in the UK than other countries.
In a report to the White
House released today, an independent advisory group called for «urgent action» to address
rapidly rising prices for cancer drugs and the burden cancer patients and their families can face because of the high cost of cancer care.
In an effort to «lock in»
housing prices in markets that are
rising rapidly, many people are doing things that are rational in the short run, but not necessarily in the long run.»
there is a glut of
housing (many empty) because of overbuilding... because everyone saw the «
rapidly rising prices» of residential or rental real estate and wanted a piece of this HIGH RETURN, LOW RISK investment... add to this the banks relaxing credit standards and issuing mortgages... because, hey, real estate just keeps going up, up, up... and with that leverage, etc..
After almost five years of stagnation, Bulgaria's
housing prices are now
rising rapidly, thanks to falling interest rates and a stable economy.
First - time homebuyer and seller activity, held down by
housing - inventory shortage,
rapidly rising home
prices and availability of mortgage financing, also may be picking up.
Since the 1990s,
housing prices in the Boston area have increasing
rapidly and living expenses have
risen.