Singapore Home Prices Rise as Market Defies Worst Recession

(Bloomberg) — Singapore home prices rose in the third quarter from the previous period as government stimulus held up demand, providing a bright spot for the country’s economy suffering its worst recession.



a view of a city with tall buildings: Residential blocks stand in Queenstown estate in Singapore, on Monday, Jan 15, 2018. Singapore sustained a comeback in home sales in December, boosting an annual tally that was already the highest since 2013.


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Residential blocks stand in Queenstown estate in Singapore, on Monday, Jan 15, 2018. Singapore sustained a comeback in home sales in December, boosting an annual tally that was already the highest since 2013.

Property values increased 0.8% in the three months that ended Sept. 30, the Urban Redevelopment Authority said on Friday.

The gain marks the second consecutive quarter of growth, prompting analysts to revise forecasts. They now predict prices may rise as much as 1.5% this year, after previously estimating declines of as much as 6%.

The figures, which come on the back of home sales rising to its highest in more than two years, show that the property market is weathering the city’s worst

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Soaring Home Values Reminiscent Of Recovery From Recession: Zillow

The typical home value rose to $259,906 in September, a remarkable growth rate that includes the largest month-over-month increase in 15 years and the largest quarterly growth in seven years.

Home prices continued to rise at a rapid rate, climbing at levels not seen since the recovery from the housing crash and Great Recession, according to a study released Friday by Zillow.

The typical home value rose to $259,906 in September, a remarkable growth rate that includes the largest month-over-month increase in 15 years, the largest quarterly growth seen in seven years and annual growth at the highest rate in nearly two years, according to the study. Even the rate of price acceleration is growing more quickly than at any time in the past six years, according to Zillow Chief Economist Jeff Tucker.

Jeff Tucker | Photo credit: Zillow

“Home values are accelerating more quickly than any time since 2014,

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Home values growing at pace not seen since Great Recession recovery

Home values are skyrocketing at a pace not seen since the recovery from the Great Recession as high demand meets a prolonged inventory shortage.

“Home values are accelerating more quickly than any time since 2014, marking a sharp turnaround from a market briefly put on hold during the outbreak of the pandemic this spring,” said Jeff Tucker, Zillow senior economist.

Zillow Real Estate reports annual home value growth of 5.8%, the largest in nearly two years. The market report predicts the hot housing market will continue with an additional home values increase of 2.9% by the end of 2020. Growth is expected to continue in 2021 with a forecasted 7% growth in home values – that’s up from the previous forecast of 4.8% growth.

The surge in home values comes in response to persistent strong demand that drove inventory down 36.4% year over year, and list prices up 11.6% above

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Home Values are Growing at a Pace Not Seen Since the Recovery From the Great Recession

SEATTLE, Oct. 16, 2020 /PRNewswire/ — The housing market has seen record-breaking growth since June, further cementing its strength amid an uncertain economy, according to the latest Zillow® Real Estate Market Report 1.

The typical home value rose to $259,906 in September. That incredible growth includes:

  • A month-over-month growth rate of 0.8%, the biggest jump since November 2005.
  • Quarterly growth of 2.2%, the largest increase since 2013.
  • Annual growth of 5.8%, the largest in nearly two years.

Add to that recent data showing double-digit annual growth in both list and sale prices and a clear picture emerges, showing how this summer’s extreme lack of inventory and incredible demand have stoked the flames of a hot housing market to impressive new heights. Zillow’s updated forecast expecting 7% growth in the coming year shows that heat will continue for some time.

“Home values are accelerating more quickly than any time since 2014,

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