house-prices

When U. S. house prices were rising and interest rates were low, even the poor got a chance to get a mortgage and a home.

But it is a guide to how much default rates may worsen even if the economy stays strong and house prices stabilise.

China's banks should also be able to withstand falling house prices better than their American counterparts.

Also, the bailout plan isn't likely to prompt the sort of increase in mortgage lending that could put a solid floor under house prices.

Frankly, if I'd gone to ask Martin Wolf, the FT's economics expert, about the direction of house prices I'd have got a shorter answer.

After two years of pain, American house prices seem to be stabilising. But attention is now switching to the commercial-property market.

Economists are arguing vigorously about how much damage falling house prices and the subprime mortgage crisis will do.

Yet, for all that, Mr Mishkin stuck to the Fed's line that it should not have tried to restrain house prices with higher interest rates.

It is also easy to see how the availability of credit pushed house prices up to such absurd levels in the first place .

On an annual basis, house prices in Scotland are now only 1% lower than they were a year ago, but they are 8% down in Northern Ireland.

Would we be prepared to knock industry for six simply because we felt that house prices were getting a bit too sporty? I don't think so.

I was one of those journalists who tried to point out over the past decade that house prices and stock values were getting out of control.

It must stabilise house prices at a new, lower level and must not get into the game of trying to maintain ever- rising property values.

And house prices are unlikely to perk up for long if unemployment continues to rise, as it is likely to do over the coming months.

Small wonder that the US consumer has kept spending and that house prices have continued to surge ahead.

The Bank of England argues that the link between real house prices and consumption reflects swings in income expectations by households.

If (when) house prices fall and consumers wake up to the fact that they are not saving enough, consumer spending will weaken perceptibly .

The second boost to growth has been a debt-propelled consumer boom sustained by house prices that have almost trebled in a decade.

The debate about whether rising house prices are the result of a mania or rational calculation intensifies.

The illusion investors fell for was the idea that American house prices would not fall across the country.

House prices usually surge in April, and this April the surge was disappointing enough to be reported as a fall.

And residential and commercial property investment might slow amid tentative signs that China's house prices are beginning to fall .

Lunchtime conversations that only a few months ago would have been dominated by salaries or house prices now focus on share tips.

Data earlier this month showed house prices continuing to spiral upwards, and there has been a return to strong, positive export growth.

In recent years , housing problems have been a hit topic in the country which ranging from house prices to house places .

Simultaneously it alarms china whose house prices are increasing fast and whose individual housing loan scale is going to be huge .

I'd hold on to that house for the time being; house prices are rising sharply at the moment.

Asset markets are unpredictable. When house prices in London stalled during 2004-05, many pundits thought the spell had been broken.

Americans' spending is likely to be dented much more by a fall in house prices than it was in 2001 by the stockmarket's collapse.

The risks to China's economy from a sharp correction in house prices and slow down in real-estate investment are well known.

The last time house prices had fallen significantly en masse, in fact, was way back in the 1930s, during the Great Depression.

But what looked like a steal is now widely viewed as a stinker, thanks to still-accelerating falls in house prices.

For the moment, the state of house prices depends on what measure you use.

Stable house prices would do wonders in reducing loan delinquencies, shoring up the banks' balance-sheets and restoring the flow of credit.

When macroeconomic began to tighten and house prices decline, market participants got into financial difficulties.

The ball will be high-end real estate development, the price per square meter over a local house prices, sales are good.

Just as we could have a bubble on the upside we could have a spiraling down in house prices.

Of course, even if the " fled to North Canton" , problems still exist, house prices are still high, the cost of living is still big.

Barnes is cautious about calling the bottom of the cycle for global house prices, with only anecdotal evidence of "green shoots" .

It was intended to boost confidence at a time of falling share and house prices.

Since poorer people tend to save less than richer ones, higher house prices ought to boost spending more than rising share prices.

It is possible that several hundred banks could also fail during the year ahead unless there is a sudden recovery in house prices.

House prices are generally "sticky" on the way down, in part because people are averse to selling at a loss.

Prices have been propped up for years, which means there is now a serious disconnect between house prices and fundamentals.

Our periodic round-up was dominated for nearly a year by countries where house prices were falling year-on-year.

Scarcity of supply or population shifts are often used to rationalise high house prices, but such fundamentals should push up rents, too.

Sharp-minded critics believe that the intent was not to control house prices, but to provide new space for the price increase.

Despite the recent gains, average house prices in most countries are barely higher than a year ago.

That the latest wave is more dispersed at least suggests less feedthrough to house prices from decaying neighbourhoods.

Modest declines in house prices would be welcome, but a widespread collapse would foster serious problems.

Stockmarket indices, soaring house prices and low inflation surely did more to feed bankers' and borrowers' exaggerated sense of well-being.

In the wake of the crisis, he pointed out, the US was now burdened with soaring borrowing, high unemployment, and collapsing house prices.

The recent Republican attack on foreclosure relief efforts, just as house prices are falling anew, is another destructive move.

Such a dramatic drop in national house prices this year is possible, but not yet probable.

With the increase of social wealth and house prices, high and low income groups are going against the spending power of their housing.

House prices are an ever-present concern in Australia, with affordability stretched after years of solid growth.

And now, few sectors come with more danger signs than Chinese property, as Beijing clamps down on the market to curb soaring house prices.

in controlling rising house prices by rolling out a series of policies, demand has been dampened recently along with the cost of housing.

Challenges lurk all over in an environment of falling house prices and rising unemployment.

Doubts about local governments' profits from rising house prices have seriously hurt the credibility of the administration at all levels.

Going forward, improved affordability--the result of lower house prices and record-low mortgage rates--should boost the demand for housing.

This does not include house prices, which are not part of the basket in almost all emerging markets, but it does include utility bills.

Potential home buyers afraid of committing to a fast- depreciating asset have been clamoring for signs of stabilization in house prices.

Nationwide, house prices peaked in July 2008, and by October the volume of residential property sales was down 17% from a year ago.

So if house prices fall below the value of the mortgage, a householder can walk away from his debt.

Analysts were convinced that American house prices might suffer regional busts but would not fall at the national level.

Employment usually lags. But it is crucial to consumer sentiment, house prices, retail sales and a broad range of major underlying data.

The IMF has compared house prices in the first quarter of this year with their level a year ago in 52 rich and emerging housing markets.

The money flooding in from willing foreign savers had bid up government-bond prices, lowering interest rates and lifting house prices.

Demand for complex mortgage securities led to a loosening of lending standards, which in turn drove house prices higher.

Movements of house prices are always the product of a mix of price expectations and underlying fundamentals.

Weak demand and falling house prices is the result of credit tightening, which inhibit the willingness of potential buyers.

The combination of a weakening labour market, slipping house prices, tighter credit and higher fuel costs will weigh on domestic spending.

Really, however, it is all about house prices.

The move is an attempt to curb the rise in house prices and speculation in the property market.

Gloomy news from America, where house prices are falling and manufacturing is contracting, have prompted fears of a full-blown recession.

But if Mr Xu is anticipating a repeat of the last, very orderly decline in house prices, he may be disappointed.

If lower house prices and a contraction in credit push America into recession, the industry will undoubtedly face a grimmer future.

In Britain it is hard to see what can keep house prices above historical valuation levels.

But he did say that house prices, particularly in large coastal cities, had reached levels that are "obviously too high" .

Conversations that only a few months ago lingered on house prices are now focused on shares.

Housing data has also come in weak, with a sharp fall in mortgage applications and continuing (but slower) declines in house prices.

The risk of a correction in Australian house prices is high by international standards, the International Monetary Fund (IMF) says.

Credit quality "across many loan classes has begun to deteriorate with declining house prices and slowing economic growth" .

House prices are simply viewed through the lens of monthly repayments that either can or cannot be afforded.

The rise of house prices has slowed shapely after several years' of double-digit growth. By some measures they are falling.

In an era of low interest rates, house prices soared in a number of developed countries (see chart).

Heavy debts would also exacerbate the consequences of any fall in house prices.

Both are equally sceptical that the increase in adjustable-rate mortgages made short-term rates a more potent driver of house prices.

He predicted that house prices in Shanghai will reach a stable point within the next six months.

MZ: House prices are typically driven by a number of factors including inventory levels, interest rates, employment rates and income levels.

After several years of double-digit growth, house prices have slowed sharply. By some measures they are falling.

This came as additional evidence emerged of a slowdown in the housing market, heightening fears that house prices may tumble further.

They will also be keen to get the latest consumer confidence news from the U. S. economy, along with related data on house prices.

It was reported last Saturday that the nation's urban house prices fell by an average 0. 4 percent in December year-on-year.

Rocketing fees far outstripped inflation over the past decade (see chart); the increase is now greater than for house prices.

2008 years of house prices will continue down until the volume back to normal levels.

In recent years, rising house prices in Chongqing by the U. S. sub-loan crisis, housing prices have dropped by.

A rise in inflation also means that declines in real house prices translate into less negative equity, freeing up the housing market.

This was fine while house prices were rising, but the fall exposed how vulnerable banks' balance sheets had become.

Even if house prices stabilise soon, non-mortgage credit will go on deteriorating as the economy shrinks.

Predictions that average house prices could fall by up to 50% have recently grabbed the headlines.

But it is in these emerging market cities that some of the strongest growth in house prices is taking place.

Under such conditions, one would expect house prices to overshoot, say at least 10 or 20 percentage points beyond the trend line.

Compared with a year ago, house prices were off by 13. 3 per cent, the smallest year-on-year drop in 17 months.

The risk of a downward spiral of house prices is the primary danger facing the American economy.

Historically, house prices do not bottom out while unemployment is rising.

THE global economic crisis was accompanied by a collapse in house prices in most rich (and some not-so-rich) countries around the world.

The potential collapse of house prices, accompanied by widespread mortgage defaults, is a major threat to the American economy.

If house prices fall as a result of higher bond yields, the American economy could even dip into recession.

A 20-basis-point reduction in mortgage rates would have little effect on home buying at a time when house prices are again falling.

Two friends, a: "now house prices I two years don't eat not to drink was only enough to buy a toilet" .

House prices have been buoyed in the area by the possibility of a new factory opening.

Jan Hatzius, an economist at Goldman Sachs, thinks that house prices could drop by between 15% and 30% over the next few years.

In March, the Greater Vancouver area of a property, house prices across North America has become one of the highest.

If house prices fall next year, the collateral damage is likely to be considerably greater.

Falling house prices are another force bearing down on consumption.

The protesters' demands were clear: don't let house prices slip out of the reach of normal people.

The savings of these households have already been destroyed by plunging share and house prices.

Another small positive sign is that home sales rose slightly in September and that house prices have actually risen in a few cities.

Too little has been done to curb mortgage foreclosures, which continue to press down on house prices.

The ECB frets that households may be borrowing too much to buy homes; if house prices fall in future, the zone's economies could be hurt.

But, as its report notes, the long period of low global interest rates that lifted house prices and borrowing has also fuelled inflation.

This helps to sustain rising house prices while reducing the chances of a leverage-fuelled banking collapse.

Some felt that house prices had reached rock bottom in their area but closely, but some felt the worse was to come.

These problems is absolutely not accidental, must have its institutional reasons, the rising house prices need serious economic research.

Rising house prices have emboldened consumers to save much less than usual.

He gave warning that a double-dip recession could occur if house prices declined again.

Sharply lower house prices and ultra cheap mortgages were bound to spark bargain hunting.

The housing market is in turmoil: construction has plunged, house prices are falling and there seems no end in sight.

And the ratio of house prices to rents has returned to its pre-bubble level (see chart).

So even though house prices in America were still roughly 18% lower than a year earlier, many now suspect that the worst is over.

Foreclosures place downward pressure on house prices, contributing to a vicious cycle of economic pain.

House prices are falling in nearly every region in Britain, amid fears that next year could be disastrous for the property market.

Denmark tops our property-inflation table; elsewhere in Europe, house prices in France, Spain and Ireland are still simmering.

It impossible to understate how important surging house prices were to consumption.

So are investors in mortgage-backed securities, who bet that US house prices would not fall.

The outlook for Sweden is not risk-free. Particularly worrisome are the country's over-inflated house prices.

When house prices rise, so does people's prosperity. In response to this greater affluence, they gradually increase their spending.

If consumers seek to pay down debt in response to falling house prices, spending will suffer, especially with unemployment creeping up.

House prices still have a long way to go before they return to the level of a year ago (let alone to their peak).

House prices in Beijing and Shanghai have risen at least 50% in the past couple of years.

This, it is argued, has had powerful effects on asset prices, particularly house prices in a number of high-income countries.

This will disrupt consumption already reeling from a large negative wealth shock due to the precipitous decline in house prices .

This time the crisis started on Wall Street, triggered by the steep decline in US house prices.

Falling demand and soaring supply bodes ill for construction and house prices, the main ways housing affects the broader economy.

And that's to say nothing of further loan losses as house prices fall.

The interactive tool above enables you to compare nominal and real house prices across 20 markets over time.

Almost a fifth of American households with mortgages owe more than their house is worth, and house prices are set to fall further.

During the past 12 months, house prices across the nation fell by an average of 16 per cent.

High-paying casino jobs are all the more tempting in a city where house prices have soared over recent years.

When house prices merely cease rising, the rate of credit growth normally slows, inducing householders to save more and spend less.

How should Mr. Bernanke respond to falling house prices and a sharp economic slowdown when they come?

America, in turn, needed to do more to halt the downward spiral of foreclosures, falling house prices and weak household spending.

No matter how the surge in house prices, trading volume is the intermediary companies lifeline.

The news came on another dark day for the UK economy, with house prices continuing to fall, and car sales plunging again.

It sees little evidence of housing bubbles in most countries: average house prices have not risen by much more than incomes in recent years.

With dropping house prices, a lot of people and companies, who borrowed money, have found themselves unable to pay it back.

The surging number of older people, many living alone, has also increased demand for property and pushed up house prices.

Household income has been unable to keep pace with the burgeoning of house prices, though.

Both of these problems will remain until a new policy brings stability to house prices.

The first is that the large run-up in Australian house prices that was driven by the adjustment to low inflation ended in late 2003.

The other is a "bubble economy" , characterised by excessive lending, overinvestment and overvalued share and house prices.

But he agreed that containing the rise in house prices is necessary to avoid a potential banking crisis, and broader political strains.

The economy was growing steadily, unemployment was low, house prices were shooting up and banks were lending freely.

A fall in house prices would naturally reduce the amount of saving required to get on the housing ladder, freeing up funds for consumption.

With anticipation of rising house prices, wealthy households purchased several houses, creating excess demand for houses.

Similarly, rising unemployment could hit house prices again, causing further turmoil for mortgage-backed securities.

But facing Beijing's high-end house prices, the Shan Xi bosses been placed great expectations said they were too expensive.

When house prices fall, they cut back in a similar way.

However, there was a risk house prices would rise sharply again.

American house prices are up a more modest 30%, but that is still the biggest real gain over any such period in recorded history.

New jobs, rising consumer confidence and, in some countries, surging house prices should encourage households to open their wallets.

Premier Wen Jiabao recently said to China National Radio that he had confidence that house prices could "return to reasonable levels. "

As house prices plunge and savings shrivel, divorcing couples are fighting over a shrinking cake.

Indeed, despite the recent boom in house prices, salary increases have made property more affordable, not less.

In the UK, London retail property prices have jumped almost one-third in that period, more than three times the increase in house prices.

Much more could go wrong: a collapse of the dollar, or of U. S. consumer confidence as house prices continue their fall.

While QE has boosted financial-asset prices, though, U. S. house prices remain moribund and unemployment, while improving, remains high.

They have been battered by falling house prices and expensive petrol, and their spending growth has already slowed sharply.

That helped push up the price of US assets, particularly house prices.

But a 1% increase in the old-age dependency ratio was associated with a 0. 66% drop in real house prices.

The last time the government tried to control soaring house prices, in late 2007, it helped to prompt a sharp slump in the economy.

The fundamentals in terms of corporate profits, house prices and bank lending have not yet bottomed, in his view.

As house prices rose, households felt wealthier and borrowed against the home equity they had built to finance their lifestyle.

The fall in house prices in recent years has been so sharp that affordability is back to the levels of the early 1990s.

Academics and newspapers have blamed foreign money for the sharp rise in house prices, especially in Shanghai and Beijing.

With house prices surging, plans are forming to initiate another anti-house-buying movement on the Internet, Wuhan Evening News reported.

Part of the reason is pricier petrol, but flatter house prices will also dampen the spending enthusiasm.

Now that share and house prices have dropped, consumers will increase their savings and reduce consumption, weighing the economy down.

But a collapse in house prices meant that its primary deficit actually worsened.

Clearly, the growth and curb house prices to return to a reasonable level is a different concept.

in a city of fast - rising house prices , the former villages offer affordable accommodation.

As are falling house prices, if consumers begin to view an enormous mortgage as a choice, rather than a rite.

Soaring house prices and rising household indebtedness were the vehicles through which policy worked.

Those that cannot service their mortgages will default, causing more trouble for banks and, via lower house prices, other homeowners.

I would also support measures that directly limit the leverage among borrowers, as asset prices soar, particularly house prices.

It is impossible to understate how important surging house prices were to consumption.

Fourth, especially in the US, step up efforts to slow mortgage foreclosures, to relieve the distress and stop house prices undershooting.

Premier Wen Jiabao has implied that house prices, up for 19 straight months, are "unreasonable" .

HOUSING markets continue to strengthen, as The Economist's latest survey of global house prices shows.

Lower interest rates may not stop house prices falling, nor will they prevent banks from tightening their lending standards.

This process helps explain why equity and house prices reached peaks in recent years that were unknown under fixed exchange-rate systems.

We describe a rational expectations model in which speculative bubbles in house prices can emerge.

Unfortunately, this wish was promptly granted, as just about all Americans came to believe that house prices would forever rise.

House prices have plummeted, leaving many householders in negative equity. Around 40% of the new banks' assets are non-performing.

Meanwhile, lower house prices will reduce both homeowners' wealth and their potential collateral.

First was "a sharp decline in house prices and the related fall in home-building that could lead to an economy-wide recession" .

If rate-setters prove cautious, house prices will take longer to reach bottom, but they are likely to fall all the same.

Pain which the year-long credit crunch has inflicted on the economy is becoming more apparent as house prices tumble and job losses mount.

Despite these hopeful signs, house prices will continue to fall until the excess inventory is worked off.

House prices are easily upset by factors which have nothing to do with property.

House prices and the stock market both soared as a result of ill-advised monetary relaxation.

House prices increased for a fifth successive month in September.

As western societies became obsessed with rising house prices, Mongolians tracked the soaring copper price.

In a thoughtful recent study David Miles, of Morgan Stanley, tries to explain the doubling of real British house prices in the past decade.

Ahead of each big financial shock, house prices rose rapidly, as did equity prices.

At least house prices are still falling in the euro area's overvalued markets, such as France, Spain and Ireland.

Experts have predicted Beijing 's second-hand house prices will be stable or could drop a little in coming years.

America's financial system has two ailments: it owns a huge amount of toxic securities linked to falling house prices.

However, as Harvard University's Martin Feldstein points out, if house prices rise, people feel richer and borrow and spend more.

Especially for those low-income residents, house prices rose faster than revenue increased, from the angles of speed and range.

House prices are likely to rise towards the end of this year.

Can house prices endure a "comprehensive correction" without severe collateral damage?

Canada's red-hot housing market has cooled, somewhat, as mortgage rates have climbed and house prices have streaked upwards .

This fall in the initial debt-servicing burden on mortgage borrowers has underpinned the rise in house prices over the past decade.

Subprime loans were offered on generous terms that, implicitly or explicitly, depended on rising house prices.

House prices will, in the long term, also relate to incomes.

Rising house prices make people wealthier, increasing the amount they have to spend over their lifetimes.

Even with zero interest rates and sagging house prices, it's still easier to live off capital than off non-existent jobs.

The report suggests that for affordability to return to its long-term average, house prices would need to fall 27pc.

This follows a terrible monthly payrolls report and data showing that house prices have now officially double dipped.

And, because their house prices were rising so fast, they had the collateral and the confidence to do so.

House prices have been buoyed up for years.

Analysts say, however, it could be several months before the trend in house prices is clear, even if many are expecting a correction.

With house prices falling, lenders are not likely to lower their lending standards any time soon.

And, hit by higher fuel costs as well as falling house prices, consumers may finally be flagging.

The wheels refer to the traffic conditions. When the traffic conditions of an area become smooth, the house prices will rise.

Collapsing US house prices are the epicentre of the global crisis.

THE ups and downs of house prices have provided an inexhaustible topic for dinner-party conversations for several years.

The difference in regional house prices acts as an obstacle to mobility of labour.

As US President Barack Obama set off for London, fresh figures showed US house prices were falling at their fastest pace on record.

Despite a small rebound recently, house prices have fallen by 29% and share prices by a similar amount since their peak.

Hainan island of China real estate business by brief dialysis prices problem In recent years, China's rising house prices continuous.

The National Bureau of Statistics' announcement of an increase in average house prices of just 1. 5% was met with public skepticism.

Stock and house prices will fall steeply, depressing wealth and consumption and further crippling banks.

It shows how stochastic and deterministic trends characterise long-run behaviour of Taipei house prices.

Not surprisingly, Wall Street's seers are chalking down their projections for construction and house prices.

High mortgage rates are not the primary reason why house prices are falling.

The government says house prices in 70 cities rose 10. 7% in February compared with a year earlier, the fastest rise in 20 months.