Sentences with phrase «rise in home prices»

Although interest rates are still low, the recent rise in home prices is affecting home affordability.

Other times, it's a systemic artificial rise in home prices crashing the economy and making it difficult for young people to start their careers and see real income gains.

More inventory will mean a slower rise in home prices and rents.

The greatest rise in home prices occurs when the economy is strong and the number of home sales is increasing.

But now, it costs $ 76 more to own than rent, likely due to a sharp rise in home prices.

Toronto, for instance, has seen a big rise in home prices over the past decade, but itâ $ ™ s happened fairly gradually, with prices going up by about 4 % a year.

«Despite the steady rise in home prices in recent years, Canadians» mortgage servicing costs have remained close to record low levels — thanks to low interest rates and healthy income gains,» says Charles Lambert, managing director, mortgages at Scotiabank.

The steady rise in home prices is so far showing no limits, and that is turning up the heat on some already overheated housing markets.

«Fortunately, the much stronger job market and 41 percent cumulative rise in home prices since 2011 have helped a growing number build enough equity to finally sell and trade up to a larger home.

«The ongoing rise in home prices poses questions of why prices are climbing and whether they will continue to outpace most of the economy,» says Blitzer.

The CoreLogic Home Price Index is projecting an additional 5 percent rise in home prices nationally over the next 12 months.»

Despite the consistent rise in home prices across the nation (prices saw a 5.8 percent increase in 2017), buyers are still rushing to take advantage of the lowest mortgage rates in history.

The big rise in home prices in the late 1990s and early 2000s may also explain this survey finding: Even with the five - year swoon in home prices, two - thirds of the public say that homeownership is not affordable to most young adults in their 20s and 30s.

Conforming loan limits for mortgages bought by Fannie Mae and Freddie Mac will increase for the second consecutive year in response to the rapid rise in home prices, the Federal Housing Finance Agency said.

«Over the 12 months through January of this year, the CoreLogic Home Price Index recorded a 6.9 percent rise in home prices nationally and the CoreLogic Single - Family Rental Index was up 2.7 percent — both rising faster than inflation.»

Coming in at No. 2 is Denver, which experienced the strongest rise in home prices over any other market.

«REALTORS ® in some markets reported slower foot traffic in July in part because of low inventory and concerns about the continued rise in home prices without commensurate income gains.»

According to Fottrell, it might take even longer to save up for that elusive 20 percent down, since the new findings don't consider future rises in home prices.

But it's not just the City by the Bay experiencing a dizzying rise in home prices.

The rumors are true: China's government looks poised to implement a property tax in an attempt to slow the explosive rise in home prices...

RealtyTrac's figure is based on current house prices — and doesn't take into account possible further rises in home prices.

NAR Chief Economist Lawrence Yun talks about January existing - home sales, seasonal price trends, and reasons for the current rise in home prices.

The August Existing Home Sales release published in late September showed a strong rise in home prices from a year ago — 10.2 percent for the median priced existing single - family home sold.

The recorded drop comes the month after a 15 per cent foreign buyers tax was introduced in Metro Vancouver to thwart off the foreign demand that has helped to fuel an unprecedented rise in home prices across the region.

«The ongoing rise in home prices is straining the budgets of some of these would - be buyers, and what is available for sale is moving off the market quickly because supply remains minimal in the lower - and mid-price ranges.»

«Affluent households have greatly benefited from strong growth in the stock market in recent years, and the steady rise in home prices has likely given them reassurance that real estate remains an attractive long - term investment,» he said.

«Furthermore, the continued rise in home prices will occur due to the fact that we will again encounter housing shortages in many markets because of the cumulative effect of homebuilders under producing for multiple years.

Tim Iacano of Iacano Research believes that most — if not all — of the recent rise in home prices is a direct result of efforts by the Federal Reserve to stimulate the economy.

James Marple, senior economist at TD Bank Group, views the rise in home prices in the U.S. as an important indicator «that growth is going to accelerate from here.»

As of September, 82 percent of the region's counties have experienced a rise in home prices during 2012 suggesting that local markets may have bottomed.

One limiting factor was that the rise in home prices outstripped income growth.

In addition, the rise in home prices led to an explosion of supply especially in areas like Arizona, Florida, Nevada and inland California, where buildable land was plentiful.

Low interest rates have helped offset the rise in home prices in smaller cities across the country and kept monthly mortgage payments in check.

While many potential home buyers see the rise in home prices as an impediment to homeownership, it isn't all bad news.

As a consequence, we had very little ability to put a brake on the rise in home prices.»

Rather, the drop in our HBI reflects a rise in home prices since insolvent homeowners purchased their home, and the resulting increase in their home equity.

In this video, NAR Chief Economist Lawrence Yun talks about the rise in home sales, the continued housing shortage, rise in home prices, job growth expectations, and underwriting standards.

NAR Chief Economist Lawrence Yun talks about the decline in existing - home sales and the rise in home prices.

Also helping to lower shadow inventories is the rise in home prices, lower unemployment rates, the higher number of loan modifications, and tightening of underwriting standards that has led to an improvement in mortgage credit quality, economists note.

«Affordability, despite the rise in home prices over the past year, and consumer confidence are big contributors to these positive trends.

He also discusses the rise in home prices, brisk sales pace, inventory levels, affordability, jobs, and gives his forecast for the coming months.

A rise in home prices has pulled more home owners out from underwater with the return of equity this year, NAR notes.

The key factor for the rise in home prices is population growth from 2010 to 2016: the national increase is 4.7 percent, but for these cities, it is 8.2 percent in San Francisco, 9.6 percent in Portland and 15.7 percent in Seattle.

«The rise in home prices should be causing the same nervous wonder aimed at the stock market after its recent bout of volatility,» says Blitzer.

Lawrence Yun talks about the rise in home prices and shortage of homes for sale, as well as the effect of rising mortgage rates on the housing market.

The Wall Street Journal recently cited five significant factors behind the rise in home prices, as numerous markets see significant year - over-year gains.

«Affluent households have greatly benefited from strong growth in the stock market in recent years, and the steady rise in home prices has likely given them reassurance that real estate remains an attractive long - term investments,» says Lawrence Yun, NAR's chief economist.

Experts believe that a tightening inventory helped to spur the rise in home prices.

«The survey indicates that inventory shortages, overly restrictive mortgage lending standards and the rise in home prices and interest rates last year had an impact on Realtors ®» ability to help their client find the right property,» said Yun.