NEW YORK (Reuters) - Home prices rose in March for the first time since last July, helped by tighter housing inventory, data analysis firm CoreLogic said on Tuesday. CoreLogic's home price index gained 0.6 percent from February, but was still down 0.6 percent compared with March a year ago. Excluding sales of distressed properties, prices climbed 0.9 percent on a yearly basis. Homeowners in danger of foreclosure, or in "distress", often sell their homes at significantly reduced prices. ...
OTTAWA — Not so fast. The purported collapse of Canada’s housing market does not appear to be in sight, and any correction down the road could likely be a mild one.
Recent data have defied warnings from market watchers of an impending plunge — caused mainly by the impact of tighter mortgage rules imposed by the federal government last summer to slow the race by consumers for record-low lending rates.
Andy Clark/ReutersCanadian housing prices, which have nearly doubled over the past decade, may finally be at a turning point.
Slowly rising interest rates, new taxes on foreign purchasers and government efforts to slow mortgage credit should pare price gains in the most overheated markets. We are confident, however, that policymakers will not cause what they are trying to prevent – a housing crash.
BEIJING — China’s home price inflation may be steeper than official data suggest, with a near quadrupling of home sales in the capital last week after the government unveiled tax plans to curb speculation, a sign that investors have giant gains to lock in.
Pre-owned home sales in Beijing soared 280% year-on-year in the week of March 2-8, according to local government data, and were up 141% on the previous week.
U.S. home prices, including distressed sales, were up 0.2% on the month in October, and up 12.5% on the year, according to CoreLogic's latest report. This was the twentieth consecutive monthly year-over- year increase in national home prices.