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.

Statistics, House buying, Home buying, Home ownership

---

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.

---

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.

Economics, Research and Development in the Social Sciences and Humanities, Analysis, Prices, Consumer price indexes

Similar abstracts:

• Abstracts: FOB or uniform delivered prices: strategic choice and welfare effects. Regulation, Vertical Integration, and Sabotage
• Abstracts: Inflation and the real price of equities: theory with some empirical evidence. On perfect foresight and uncertainty in economic models: two monetary examples
• Abstracts: Exploring the income distribution business cycle dynamics. Minimum consumption and transitional dynamics in wealth distribution
• Abstracts: Functional equivalence between intertemporal and multisectoral investment adjustment costs. What determines aggregate returns to scale?
• Abstracts: Econometric modelling of UK house prices using accelerated importance sampling. House price shocks, windfall gains and hours of work: British evidence

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.