Global house prices experienced a significant shift in 2022, with advanced economies seeing a notable decline after a prolonged period of growth. The real house price index (adjusted for inflation) for advanced economies peaked at nearly *** index points in early 2022 before falling to around ****** points by the fourth quarter of 2024. This represents a reversal of the upward trend that had characterized the housing market for roughly a decade. Conversely, real house prices in emerging economies resumed growing, after a brief correction in the second half of 2022. What is behind the slowdown? Inflation and slow economic growth have been the primary drivers for the cooling of the housing market. Secondly, the growing gap between incomes and house prices since 2012 has decreased the affordability of homeownership. Last but not least, homebuyers in 2024 faced dramatically higher mortgage interest rates, further contributing to worsening sentiment and declining transactions. Some markets continue to grow While many countries witnessed a deceleration in house price growth in 2022, some markets continued to see substantial increases. Turkey, in particular, stood out with a nominal increase in house prices of over ** percent in the first quarter of 2024. Other countries that recorded a two-digit growth include Russia and the United Arab Emirates. When accounting for inflation, the three countries with the fastest growing residential prices in early 2024 were the United Arab Emirates, Poland, and Bulgaria.
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Based on panel error correction models for a sample of up to 21 countries this paper analyses the macroeconomic determinants of house prices and rents. In accordance with the existing literature I find significantly positive effects of per capita income and bank lending on house prices, whereas the housing stock per capita and interest rates have negative effects. For rents the results are somewhat more remarkable, indicating that both the housing stock and interest rates have a negative effect. While contradicting conventional economic theory the latter finding might be explained by real estate investors exploiting their pricing power with varying degree depending on the level of real interest rates. Moreover, the estimated impact of interest rates on both house prices and rents varies with structural housing market characteristics. For instance, while interest rates have a more pronounced effect on house prices in countries with more developed mortgage markets, the same does not hold for the effect of interest rates on rents.
The average resale house price in Canada was forecast to reach nearly ******* Canadian dollars in 2026, according to a January forecast. In 2024, house prices increased after falling for the first time since 2019. One of the reasons for the price correction was the notable drop in transaction activity. Housing transactions picked up in 2024 and are expected to continue to grow until 2026. British Columbia, which is the most expensive province for housing, is projected to see the average house price reach *** million Canadian dollars in 2026. Affordability in Vancouver Vancouver is the most populous city in British Columbia and is also infamously expensive for housing. In 2023, the city topped the ranking for least affordable housing market in Canada, with the average homeownership cost outweighing the average household income. There are a multitude of reasons for this, but most residents believe that foreigners investing in the market cause the high housing prices. Victoria housing market The capital of British Columbia is Victoria, where housing prices are also very high. The price of a single family home in Victoria's most expensive suburb, Oak Bay was *** million Canadian dollars in 2024.
The nominal price of residential properties in Germany in the fourth quarter of 2024 showed a modest increase of **** percent. This marks a recovery from previous declines, as the annual house price growth had turned negative in the earlier quarters of 2023, where house prices fell by over ** percent. Adjusted for inflation, the decrease was also noted at ***** percent in the fourth quarter of 2024. This trend could be observed across the major German cities.
The median house price of residential real estate in California has increased notably since 2012. After a brief correction in property prices in 2022, the median price reached ******* U.S. dollars in December 2023.
The U.S. mortgage market has declined notably since 2020 and 2021, mostly due to the effect of higher borrowing costs on refinance mortgages. The value of refinancing mortgage originations, amounted to 190 billion U.S. dollars in the fourth quarter of 2024, down from a peak of 851 billion U.S. dollars in the fourth quarter of 2020. The value of mortgage loans for the purchase of a property recorded milder fluctuations, with a value of 304 billion U.S. dollars in the fourth quarter of 2024. According to the forecast, mortgage lending is expected to slightly increase until the end of 2026. The cost of mortgage borrowing in the U.S. Mortgage interest rates in the U.S. rose dramatically in 2022, peaking in the final quarter of 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under three percent, whereas in 2024, the average rate for the same mortgage type exceeded 6.6 percent. This has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market. The effect of a slower housing market on property prices and rents According to the S&P/Case Shiller U.S. National Home Price Index, housing prices experienced a slight correction in early 2023, as property transactions declined. Nevertheless, the index continued to grow in the following months. On the other hand, residential rents have increased steadily since 2000.
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Housing Index in Portugal increased to 247.05 points in the first quarter of 2025 from 235.68 points in the fourth quarter of 2024. This dataset provides - Portugal House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Graph and download economic data for All-Transactions House Price Index for Rochester, NY (MSA) (ATNHPIUS40380Q) from Q3 1978 to Q1 2025 about Rochester, appraisers, NY, HPI, housing, price index, indexes, price, and USA.
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Graph and download economic data for All-Transactions House Price Index for Connecticut (CTSTHPI) from Q1 1975 to Q1 2025 about CT, appraisers, HPI, housing, price index, indexes, price, and USA.
House prices in the UK rose dramatically during the coronavirus pandemic, with growth slowing down in 2022 and turning negative in 2023. The year-on-year annual house price change peaked at 14 percent in July 2022. In April 2025, house prices increased by 3.5 percent. As of late 2024, the average house price was close to 290,000 British pounds. Correction in housing prices: a European phenomenon The trend of a growing residential real estate market was not exclusive to the UK during the pandemic. Likewise, many European countries experienced falling prices in 2023. When comparing residential property RHPI (price index in real terms, e.g. corrected for inflation), countries such as Germany, France, Italy, and Spain also saw prices decline. Sweden, one of the countries with the fastest growing residential markets, saw one of the largest declines in prices. How has demand for UK housing changed since the outbreak of the coronavirus? The easing of the lockdown was followed by a dramatic increase in home sales. In November 2020, the number of mortgage approvals reached an all-time high of over 107,000. One of the reasons for the housing boom were the low mortgage rates, allowing home buyers to take out a loan with an interest rate as low as 2.5 percent. That changed as the Bank of England started to raise the base lending rate, resulting in higher borrowing costs and a decline in homebuyer sentiment.
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I revisit Ngai and Tenreyro (2014)'s empirical analysis of seasonal match quality in American Housing Survey (AHS) data. Using 1999 data only, Ngai and Tenreyro show that homes purchased in the summer season are occupied longer and have fewer and less costly renovations soon after purchase, pointing to superior match quality for households who move house during the thicker summer market. However, applying the same methods to other years of the AHS substantially weakens these results. In addition, I document heaping in a key variable, the prior move month, and implement a multiple imputation correction. Ngai and Tenreyro's use of a coarsened measure of duration seems to largely overcome the biases that heaping introduces.
This dataset represents residential real estate listings with the following features:
ZIP: The ZIP code where the property is located || SOLDPRICE: The listing price of the property in USD || SQFT: The square footage (living area) of the property || LOTSIZE: The size of the lot (in square feet) on which the property is located || BED: The number of bedrooms in the property || BATH: The number of bathrooms (some may include half baths as "0.5") || AGE: The year the property was built (older properties have lower numbers, indicating their age) || DOM: The number of days the property has been on the market (a negative value might indicate a correction or pending listing) ||
Each row represents an individual property, and the values provide various characteristics of that listing, such as size, price, and how long it's been available for purchase.
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Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, ranging from rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 3.7% over the five years through 2024, including an estimated slump of 2.1% in 2024 to €196.2 billion, while the average industry profit margin is forecast to reach 34.6%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing in the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated, being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. Revenue is forecast to swell at a compound annual rate of 4% over the five years through 2029 to €238.7 billion. Following a correction during 2024, housing prices are set to being recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, Proptech, which has been heavily invested in, will force estate agents to adapt, shaking up the traditional real estate industry. A notable application of Proptech is the use of AI and data analytics to predict a home’s future value.
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Key information about House Prices Growth
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Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, ranging from rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 3.7% over the five years through 2024, including an estimated slump of 2.1% in 2024 to €196.2 billion, while the average industry profit margin is forecast to reach 34.6%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing in the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated, being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. Revenue is forecast to swell at a compound annual rate of 4% over the five years through 2029 to €238.7 billion. Following a correction during 2024, housing prices are set to being recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, Proptech, which has been heavily invested in, will force estate agents to adapt, shaking up the traditional real estate industry. A notable application of Proptech is the use of AI and data analytics to predict a home’s future value.
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Housing Index in Netherlands increased to 148.50 points in May from 147.60 points in April of 2025. This dataset provides - Netherlands House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Abstract (en): The study investigated self-sufficiency, community adjustment, substance use, and criminal recidivism outcomes for substance abusing offenders served through the Washington County (Oregon) Community Corrections Department (WCCC) to document the value-added of providing substance-free transitional housing services. The study addressed the value-added of Oxford House and other transitional housing services to the combination of services offenders receive, and documented the relative costs and benefits of substance-free transitional housing services. Individuals were eligible for the study if they entered Oxford Houses, entered some other form of substance-free transitional housing, or could benefit from, but did not enter, any form of substance-free transitional housing. A total of 356 supervisees were eligible for the study; 301 agreed to participate in baseline interviews, and 238 participated in 12-month follow-up interviews. The study included both interview data collection and administrative records data collection. The research team also collected Housing Data (Part 2) from the housing section of the interviews and Treatment Data (Part 3) from a statewide treatment database. The current study investigated the value-added of providing substance-free transitional housing to offenders within this service rich environment. Specifically, the study investigated self-sufficiency, community adjustment, substance use, and criminal recidivism outcomes for substance abusing offenders served through the Washington County (Oregon) Community Corrections Department (WCCC) to document the value-added of providing substance-free transitional housing services. Specifically, the study addressed the following research questions: What is the value-added of Oxford House and other transitional housing services to the combination of services offenders receive? Does participating in substance-free transitional housing services lead to measurable improvements in self-sufficiency and decreases in substance use and criminal offending?; What are the relative costs and benefits of substance-free transitional housing services to the taxpayer?; The study included both interview data collection and administrative records data collection (Part 1). Interviews were conducted with study participants shortly after the start of their supervision and at 6- and 12-month follow-ups, however only baseline interview data and 12-month interview data are included in Part 1. The research team employed a comprehensive recruitment and tracking strategy that resulted in 301 eligible participants agreeing to participate in baseline interviews, and 238 participating in 12-month follow-up interviews. The interviews were primarily closed-ended, structured interviews that gathered information about living situations, demographics, health, substance use, self-sufficiency indicators (including employment and income information), and psychosocial indicators (including social support and stress). In addition to interview data collection, the study relied upon administrative records, which provided such information as criminal justice history and recidivism, substance abuse treatment entries, and usage of WCCC services. Data were collected for the 12-month period following the start of supervision.The research team also collected Housing Data (Part 2) from the housing section of the interviews and Treatment Data (Part 3) from a statewide treatment database. Part 2 is a 901 case stacked dataset that lists each housing episode for each participant (multiple records per participant). Part 3 is a 243 case stacked dataset that lists each treatment episode for each participant (multiple records per participant). Participants with no treatment episodes are not included in the treatment data. The Interview and Administrative Data (Part 1) contain a total of 603 variables including demographic and background information, employment and life skills information, physical health information, alcohol and drug use, mental health information, readiness to change, social support, social support for recovery, environmental risk, environmental support, service utilization, contact with WCCC, perceived stress, and perceptions of control. Employment and life skills information included questions about educational attainment, employment status, public assistance receipt, and basic life skills (such as having a driver's license or a bank account). Physical health information inc...
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Graph and download economic data for All-Transactions House Price Index for Orange County, CA (ATNHPIUS06059A) from 1975 to 2024 about Orange County, CA; Los Angeles; CA; HPI; housing; price index; indexes; price; and USA.
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This table provides an overview of the average sales price paid in the reporting period for existing owner-occupied homes purchased by a private individual. The average sales price may show a different development than the Price Index for Existing Owner-occupied Homes (PBK). The average purchase price is not an indicator for the price development of owner-occupied homes. The average purchase price reflects the average price of homes sold in a specific period. Because different homes are sold every period, any different characteristics of the sold homes are not taken into account. An example to explain the problems this entails: Suppose in February of a year mainly large canal houses with a garden were sold, while in March many small townhouses changed hands. As a result, the average purchase price in February will be higher than in March, but this does not mean that house prices have risen. See Section 3 for a link to the article 'Why the average purchase price is not a house price indicator'. Data available from: 1995 Status of the figures: The figures in this table are immediately definitive. The calculation of these figures is based on the number of notary transactions established each month by the Kadaster. A revision of the figures only takes place in exceptional cases, namely only if there is a significant error outside the usual statistical margins. The average sales prices of existing owner-occupied homes can also be calculated by the Kadaster at a later date. Usually these figures are the same as the publication on Statline, but they differ from each other in some periods. In these cases, Kadaster uses the most up-to-date figures. These may have changed since the first publication. Statistics Netherlands uses figures from the first publication in accordance with the above revision policy. Changes as of February 23, 2022 Correction: The average sales prices of the municipalities of Bloemendaal and Blaricum in 2021 were incorrectly displayed. The last digit (7th position) was missing for these municipalities. These figures have been added. Changes as of February 15, 2023 Figures average sales prices of the municipalities year 2022 added. When will new numbers come out? The new figures will be published approximately one to three months after the year under review.
In 2022, house price growth in the UK slowed, after a period of decade-long increase. Nevertheless, in March 2025, prices reached a new peak, with the average home costing ******* British pounds. This figure refers to all property types, including detached, semi-detached, terraced houses, and flats and maisonettes. Compared to other European countries, the UK had some of the highest house prices. How have UK house prices increased over the last 10 years? Property prices have risen dramatically over the past decade. According to the UK house price index, the average house price has grown by over ** percent since 2015. This price development has led to the gap between the cost of buying and renting a property to close. In 2023, buying a three-bedroom house in the UK was no longer more affordable than renting one. Consequently, Brits have become more likely to rent longer and push off making a house purchase until they have saved up enough for a down payment and achieved the financial stability required to make the step. What caused the recent fluctuations in house prices? House prices are affected by multiple factors, such as mortgage rates, supply, and demand on the market. For nearly a decade, the UK experienced uninterrupted house price growth as a result of strong demand and a chronic undersupply. Homebuyers who purchased a property at the peak of the housing boom in July 2022 paid ** percent more compared to what they would have paid a year before. Additionally, 2022 saw the most dramatic increase in mortgage rates in recent history. Between December 2021 and December 2022, the **-year fixed mortgage rate doubled, adding further strain to prospective homebuyers. As a result, the market cooled, leading to a correction in pricing.
Global house prices experienced a significant shift in 2022, with advanced economies seeing a notable decline after a prolonged period of growth. The real house price index (adjusted for inflation) for advanced economies peaked at nearly *** index points in early 2022 before falling to around ****** points by the fourth quarter of 2024. This represents a reversal of the upward trend that had characterized the housing market for roughly a decade. Conversely, real house prices in emerging economies resumed growing, after a brief correction in the second half of 2022. What is behind the slowdown? Inflation and slow economic growth have been the primary drivers for the cooling of the housing market. Secondly, the growing gap between incomes and house prices since 2012 has decreased the affordability of homeownership. Last but not least, homebuyers in 2024 faced dramatically higher mortgage interest rates, further contributing to worsening sentiment and declining transactions. Some markets continue to grow While many countries witnessed a deceleration in house price growth in 2022, some markets continued to see substantial increases. Turkey, in particular, stood out with a nominal increase in house prices of over ** percent in the first quarter of 2024. Other countries that recorded a two-digit growth include Russia and the United Arab Emirates. When accounting for inflation, the three countries with the fastest growing residential prices in early 2024 were the United Arab Emirates, Poland, and Bulgaria.