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Tag Archives: Housing Prices

Chart of the WeekCanada’s Housing Market Slowdown

By IMFBlog Following a period of escalating prices, Canada’s housing market is cooling. Measures designed to strengthen financial stability such as more stringent tests of borrowers’ ability to repay their loans, along with higher interest rates, combined to make mortgage financing more expensive. As a result, residential mortgage credit slowed to just 3.4 percent annual growth in December 2018. Nationwide, house prices are 2.5 percent lower than the peak in mid-2018. This week’s chart of...

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Chart of the Week House Prices Are Up: Should We Be Happy?

By IMFBlog Español, Português House prices around the world have recovered smartly since the 2008 global financial crisis. Depending on where you live, that may or may not be a good thing. IMF research shows that there is a tight link between movements in house prices, on the one hand, and economic and financial stability, on the other. In fact, more than half of the banking crises in recent decades were preceded by boom-bust cycles in house prices. So it’s no wonder that central bankers...

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Assessing the Risk of the Next Housing Bust

By Claudio Raddatz and Nico Valckx عربي, 中文, Español, Français, Русский There’s good news for people living in Las Vegas, Miami and Phoenix: the risk of a housing bust like the one they endured during the global financial crisis is fairly small. For folks in Toronto and Vancouver, however, the picture hasn’t improved since 2008, and the risk of a large decline in house prices remains elevated. Those are among the insights generated by the IMF’s new tool for assessing the danger of a severe...

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Countries in the IMF Financial Spotlight in 2019

By IMFBlog In 2019, the IMF will complete 14 assessments under the Financial Sector Assessment Program (FSAP). Eight of this year’s assessments are mandatory: Australia, Austria, Canada, France, Italy, Poland, Singapore, and Switzerland. The other six are voluntary: Algeria, Bahamas, Kuwait, FYR Macedonia, Malta, and Thailand. The FSAP is an in-depth analysis of a country’s financial sector. It serves as the principal tool for assessing countries’ financial stability. The IMF conducts about...

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Top 10 Blogs of 2018

By IMFBlog December 28, 2018 New Year’s eve fireworks in London, England: read our top ten blogs of 2018 (photo: Ben Cawthra/Newscom) In 2018, the blogs that caught our readers’ collective eye were about the enduring forces molding the global economy: Brexit, crypto assets, debt, and housing prices, to name a few.  As 2018 draws to a close, here is our list of the top ten blogs of the year based on readership.  With 2019 promising to be anything but dull, all the editors at IMFBlog...

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For Home Prices in London, Check the Tokyo Listings

By Claudio Raddatz Kiefer and Jane Dokko April, 10, 2018 Versions in عربي (Arabic) Hong Kong viewed from Victoria Peak. House prices across countries and cities are increasingly moving in tandem (Photo: Fraser Hall/Robert Harding/Newscom). If house prices are rising in Tokyo, are they also going up in London? Increasingly, the answer is yes. In recent decades, house prices around the world have shown a growing tendency to move in the same direction at the same time. What accounts...

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Chart of the Week: House of Cards

By IMFBlog August 21, 2017 House for sale: young adults in the UK, US, and Europe have experienced declining home ownership rates (photo: Chris Helgren/Reuters/Newscom). In some countries, owning a home is a rite of passage: a symbol of a stable life and a sound investment. However young adults in the United Kingdom, United States, and Europe have experienced declining home ownership rates. Our chart of the week, drawn from research by Lisa Dettling and Joanne W. Hsu, senior...

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Chart of the Week: Global House Prices—Where is the Boom?

By IMFBlog While house prices around the world have rebounded over the last four years, a closer look reveals that this uptick is dependent on three things: location, location, location. The IMF’s Global House Price Index—an average of real house prices across countries—has been rising for the past four years. However, house prices are not rising in every country. As noted in our November 2016 Quarterly Update, house price developments in the countries that make up the index fall into three...

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