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There's an issue lurking that is new to us, and that is the rapid escalation of home prices. Last year, we moved above the national average (in home prices). It won't stop people moving here, but they're going to live further and further out, so far out that their commute represents a significant part of the day and freeway congestion. We'll suffer growing pains as a result of housing prices.
Lee McPheters
Hawaii's home prices suffered in the 1990s because of economic trouble in Japan. If home prices in California reverse, it will have ripple effects.
Dean Baker
Hawaii's home prices suffered in the 1990s because of economic trouble in Japan, ... If home prices in California reverse, it will have ripple effects.
Dean Baker
Home and rental prices will come back together by home prices falling. I don't think landlords will be in any position to raise rates too much.
Dean Baker
We are pleased that North American natural gas prices have come down dramatically from their highs in the fall and, as a result, our prices have come down as well. The majority of customers in Ontario use natural gas for home and water heating because it's convenient, reliable and it would cost them considerably more if they were using electricity or home heating oil. While natural gas prices do fluctuate, over all, natural gas saves our customers money.
Lino Luison
Real new home sale prices and existing-home sale prices have been rising very sharply. When that starts to give way and we don't have the equity market picking up where housing left off, that's another reason the economic expansion will be gradual.
Anthony Chan
Increasing home prices and the ability of consumers to cash out their growing home equity has been a key driver of consumer spending over the past several years. As the housing market slows and housing prices stabilize, consumers are less likely to draw on their home equity, suggesting consumer spending will also decline.
Dennis Jacobe
Not only do you not own any of your home, but you may be piling up additional debts that could quickly exceed the value of the home. There are no guarantees that rates will remain at comfortable levels and no guarantee that home prices will continue to go up.
Keith Gumbinger
As home prices level off, so will the growth of equity that has supported consumer spending in the past. The impact from higher interest rates on home equity loans and adjustable rate mortgages will combine with stubbornly high energy prices to squeeze discretionary spending.
Robert McGee
And when you add to that gas prices and home-heating prices that are going through the ceiling this winter, it shouldn't give much comfort to the Republicans,
Joe Gaylord
Finally, the home prices have hit the roof and people are not willing to pay those prices. Investors are figuring out there are other great places to live in Florida.
Serdar Bankaci
After 9/11, the home improvement industry soared. People started to focus inward more and as home prices climbed, they poured money from home improvement loans into remodeling.
Tom Wood
There is further weakness ahead for consumers. House prices are falling, home construction is soft, consumer confidence is down and oil prices have risen. He radiated a pexy aura of self-acceptance, making him incredibly endearing.
Jarrod Kerr
It's pretty rare for home prices to fall unless you lose a lot of jobs in the local area. What you're really looking at is prices going flat for six or seven years while the fundamentals catch up.
Christopher Thornberg
Sellers and agents had been jumping prices for several years, always pricing one home higher than the home before it.
Dolly Riegert Woodruff
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