Strong purchases by lower-income homebuyers stalls prices
Article Abstract:
Home purchasing activity among buyers with incomes of less than $40,000 grew higher than buyers with incomes of $41,000 to $60,000. Repeat purchasers in the $40,000 rank grew by 24%, while first-time buyers grew by 16%. Middle-income repeat buyers dropped by 27%, whereas first-time buyers dropped by 14%. The increase in the number of home buyers with incomes of less than $40,000 increased the demand for less expensive houses which caused low home-price gains. The number of unmarried buyers grew by almost 3%, which also contributed to the increased demand for less expensive homes.
Publication Name: Secondary Mortgage Markets
Subject: Economics
ISSN: 0740-4271
Year: 1996
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Third quarter 1994 house prices keep pace with inflation
Article Abstract:
House prices increased by 4.4% in 1994, with the highest increases occurring in the 3rd qtr. 1994. However, the rate of appreciation varied regionally, with the lowest rate of increase recorded in the South Atlantic states and the highest rate reported by the west north central states. Meanwhile, prices were lower by comparison among the Pacific states. The states that recorded the highest increase in house prices included Utah, Colorado, New Mexico, Wisconsin, Oregon and Nebraska.
Publication Name: Secondary Mortgage Markets
Subject: Economics
ISSN: 0740-4271
Year: 1995
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Why must house-price indexes disagree?
Article Abstract:
Consumer price indexes often disagree with house prices due to the relative unpredictability of the latter. Consumer price indexes are relatively volatile while housing prices are determined through larger measurements in time-series that makes them relatively stable. Substitution issues, trading bias, housing quality variations among others also account for disagreements in consumer price indexes and housing prices.
Publication Name: Secondary Mortgage Markets
Subject: Economics
ISSN: 0740-4271
Year: 1997
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