Sentences with phrase «says house price growth»
Moody's says house price growth in Australia does not appear to be fuelled by excessive credit growth, capital buffers at the LMI companies are sufficient to meet a serious cyclical recession and mortgage loss ratios are not only benign, they are likely to improve.
http://www.afr.com/ Not exact matches
«Given that the decline in home prices had so much to do with the de-leveraging that was taking place on the consumer side,» a recent 10 % rise in the housing market «is a key reason for optimism about growth improving,» Marple said.
«In line with the 2013 norm,» June price growth was driven by single - detached and semi-detached houses, particularly in the city of Toronto, the board said in a report Thursday.
«Overlooked in the comparison of income growth and unadjusted house price growth is that a change in household income is not the only factor that influences how much home one can afford to buy,» Fleming said.
On the other side, mostly Labour MPs said cuts in spending are hitting Wales disproportionately and dismissed claims of growth in the economy as being based on increasing personal debt and inflated house prices.
«The dramatic growth in prices in Canada's major housing markets is exacerbated by municipal regulations that restrict housing supply, encourage the growth of prices and negatively impact the affordability of housing,» said Kenneth Green, Fraser Institute senior director and co-author of The Impact of Land - Use Regulation on Housing Supply in housing markets is exacerbated by municipal regulations that restrict housing supply, encourage the growth of prices and negatively impact the affordability of housing,» said Kenneth Green, Fraser Institute senior director and co-author of The Impact of Land - Use Regulation on Housing Supply in housing supply, encourage the growth of prices and negatively impact the affordability of housing,» said Kenneth Green, Fraser Institute senior director and co-author of The Impact of Land - Use Regulation on Housing Supply in housing,» said Kenneth Green, Fraser Institute senior director and co-author of The Impact of Land - Use Regulation on Housing Supply in Housing Supply in Canada.
Brian Porter, who was asked about his outlook for the Canadian mortgage market during a conference call to discuss the bank's first - quarter results, said he's supportive of recent government changes introduced to reel in house price growth.
«You're seeing 20 per cent house - price growth in a market where you shouldn't see that much,» McKay said of hometown.
As we said earlier, a Canadian population mired in mortgage debt with house prices «under water» would not be in a happy place for economic growth.
Richard Syron, CEO and Chairman of the Federal Home Loan Mortgage Corporation — or «Freddie Mac» — says «more than a dozen years of sustained growth in housing prices have turned many middle class homeowners into millionaires; put countless children through college; and made the family home the most valuable egg in the American nest».
Gordon said data from other jurisdictions suggests that taxing foreign investment can help cool housing markets by slowing, and sometimes even reversing, price growth.
Having read a headline recently that says that Canberra house prices may soon be higher than those in Sydney it seems that the less wealthy kangaroos will be forced out by the growth of government.
«Demand and prices had been increasing at unsustainable rates,» says Larry Seay, chief financial officer of Meritage Homes Corp. «It is good for the industry to take a little breather, let the land market moderate, and get to a more normal rate of growth and house - price appreciation.»
«The booming employment market in Greater Seattle has brought multiple years of double - digit [home] price growth and less than two months» [housing] inventory available,» says Sam DeBord, managing broker of the Seattle Homes Group and vice president of Strategic Growth with Coldwell Banker Dangrowth and less than two months» [housing] inventory available,» says Sam DeBord, managing broker of the Seattle Homes Group and vice president of Strategic Growth with Coldwell Banker DanGrowth with Coldwell Banker Danforth.
«The ramp - up in housing starts in October is a hopeful sign that overall supply can steadily increase enough to provide more choices for buyers and also moderate price growth,» said Yun.
«Along with an increase in temperatures, the spring season also brings out the buyers and an increase in demand to the housing market, which most often translates to faster price growth and a decrease in marketing times,» says Alex Villacorta, vice president of Research and Analytics at Clear Capital.
«Ongoing job growth continues to fuel demand for housing, while wage growth is helping to offset the effects of rising mortgage rates and keep home prices affordable,» said Robert Dietz, chief economist at the NAHB, in a statement on the Index.
Geffen says even mild national economic growth, which the Reserve Bank's Monetary Policy Committee currently predicts will be 0 % in 2016, would create more stability in the residential property market beyond the borders of the Western Cape and further drive house price inflation.
That's the risk scenario, however, with our most likely view that interest rates remain unchanged through 2017 and house price growth of near to the March level can be sustained,» says Loos.
«Inadequate single - family home construction since the Great Recession has had a detrimental impact on the housing market by accelerating price growth and making it very difficult for prospective buyers to find an affordable home — especially young adults,» he said.
«Shipp said that he is attracted to the company despite the reduced projections because of its franchise model, which gives the company gross margins nearly double the average of its industry, and by the company's growth prospects at a time when lower gas prices and a rebounding housing market should lead to an increase in construction projects.»
«The new administration in Washington is seeking faster economic growth, increased investment in infrastructure, and changes in tax policy which could affect housing and home prices,» Blitzer said.
Yun says housing starts remain key to bringing home price appreciation in line with household income growth.
Canada's housing affordability improved slightly in the third quarter of 2005 due to faster income growth in tightening labour markets and slower house price increases, says the latest Housing Affordability Index released by RBC Ecohousing affordability improved slightly in the third quarter of 2005 due to faster income growth in tightening labour markets and slower house price increases, says the latest Housing Affordability Index released by RBC EcoHousing Affordability Index released by RBC Economics.
In Saskatchewan, even with slower house price growth, the province still saw a mild deterioration in affordability as a result of a slowdown in the pace of year over year income growth, higher utility costs and higher mortgage rates, says the report.
«Housing affordability remains a pressing issue with home - price growth increasing around four times the pace of wages,» says Yun.
«As we enter into the fourth quarter of the year, we are predicting continued modest growth in housing prices,» said Kathleen Sweeten, CEO of the Northwestern Vermont Board of Realtors ®.
Hale said local price growth should continue so long as the inventory of houses on the market stays low, but as more home go up for sale, growth could slow.
Dr. Lawrence Yun, NAR Chief Economist said, «While the housing market gained a little more momentum last month, sales are still below year ago levels because low inventory is limiting choices for prospective buyers and keeping price growth elevated.»
«The strong year - over-year price growth we experienced in February points to the robust demand for ownership housing in the GTA, coupled with a constrained supply of homes for sale in some market segments, especially where low - rise home types like singles, semis and townhouses are concerned,» said Jason Mercer, TREB's Director of Market Analysis.
«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.
An overly simplistic take on real estate would say that land is a finite resource while population growth and resulting demand for housing will remain a constant, pushing prices higher each year.
«December marked 10 consecutive months of year - over-year home price improvements, and the strongest growth since the height of the last housing boom more than six years ago,» says Mark Fleming, chief economist for CoreLogic.
«Housing inventory declined from last year and supply in many markets is very tight, which in turn is leading to bidding wars, faster price growth and properties selling at a quicker pace,» says Yun.
«Across Canada, housing affordability further eroded as rising house prices outpaced income growth in the third quarter of 2006,» says Derek Holt, assistant chief economist, RBC, in a news release.
In Ontario, dropping off from the growth peaks in house prices and incomes seen several quarters ago, the housing market has now cooled to more moderate levels, says the report.
«The growth in royalty revenue exceeded our expectations, reflecting the ongoing expansion of the fund's underlying network of Realtors, the surprising strength in housing unit sales, and steady average price appreciation across Canada,» says Philip Soper, president and chief executive.
A new forecast from Royal LePage says Canada's housing market is «poised for continued, yet moderate growth with average house prices forecast to rise by 6.5 per cent to $ 293,000» in 2007.
A new forecast from Royal LePage says Canada's housing market is «poised for continued, yet moderate growth with average house prices forecast to rise...
However, as most resale markets move toward more balanced conditions, growth in average MLS price is forecast to slow to 5.2 per cent in 2008 and 3.8 per cent in 2009, says the federal housing agency.
In terms of housing affordability, Ayers said he and his colleagues look at the growth of housing prices versus the growth of personal income.
«In line with our forecast, California's housing market experienced strong sales and price growth throughout last year, with the median price increasing 6.2 % for the year as a whole to reach $ 474,420 in 2015,» said CAR Vice President and Chief Economist Leslie Appleton - Young.
With slow economic growth and high unemployment rates, «I expect housing prices to remain flat through 2010,» says Berson.
«[2016]'s moderate gains in existing prices and sales, versus the accelerated growth we've seen in previous years, indicate that we are entering a normal, but healthy housing market,» said Jonathan Smoke, chief economist at Realtor.com.
Phil Soper, president and CEO, says, «We're entering a period of more modest house price growth and lower transaction volumes in the Canadian real estate market.
After posting their strongest increase in 16 years in 2005 (10.2 per cent), house price growth in 2006 will moderate to 4.9 per cent as existing home markets become more balanced, CMHC says.
«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.
«Prices of existing homes and housing overall are seeing strong growth and contributing to recent solid growth for the economy,» says David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices.