Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the jetpack domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the avia_framework domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131

Warning: Cannot modify header information - headers already sent by (output started at /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php:6131) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/feed-rss2-comments.php on line 8
Comments on: A question: Why are low rates having a bigger impact on the housing market here than in the US? http://www.tvhe.co.nz/2008/12/18/a-question-why-are-low-rates-having-a-bigger-impact-here-than-in-the-us/ The Visible Hand in Economics Sun, 11 Jan 2009 19:46:02 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2008/12/18/a-question-why-are-low-rates-having-a-bigger-impact-here-than-in-the-us/#comment-9224 Sun, 11 Jan 2009 19:46:02 +0000 http://www.tvhe.co.nz/?p=2484#comment-9224 Hi John,

I agree that the underlying idea that they have an “oversupply” of property for their actual requirements is an issue – that is actually something we’ve talked about widely here.

Quick eg http://www.tvhe.co.nz/2008/10/16/housing-price-free-fall-on-the-cards/

]]> By: John http://www.tvhe.co.nz/2008/12/18/a-question-why-are-low-rates-having-a-bigger-impact-here-than-in-the-us/#comment-9155 Sun, 11 Jan 2009 11:30:57 +0000 http://www.tvhe.co.nz/?p=2484#comment-9155 Between 2001 and 2006 usual residents increased 7.77%
but Private Occupied Dwellings increased 8.23%
USA 2001 2006 %change
population 285,226,284 299,398,484 4.97%
dwellings 117,858,349 126,316,181 7.18%

Is that relevant?

]]> By: Matt Nolan http://www.tvhe.co.nz/2008/12/18/a-question-why-are-low-rates-having-a-bigger-impact-here-than-in-the-us/#comment-4816 Fri, 19 Dec 2008 01:34:44 +0000 http://www.tvhe.co.nz/?p=2484#comment-4816 Very true. However, that is the 30 year rate – I wouldn’t expect that to move much.

Of course, moving through the rates we see that short-term rates have also risen. As a result I have to ask – why have rates fallen here and not over there? Sure we were on a higher base, but we are also more “risky”.

]]> By: Miguel Sanchez http://www.tvhe.co.nz/2008/12/18/a-question-why-are-low-rates-having-a-bigger-impact-here-than-in-the-us/#comment-4757 Thu, 18 Dec 2008 19:58:10 +0000 http://www.tvhe.co.nz/?p=2484#comment-4757 The short answer is that US rates aren’t actually “low” – the 30-year fixed rates that the US market favours have been in much the same range as they were when the Fed rate was at its peak, and as recently as October they were close to record highs. See if this link works:
http://www.bankrate.com/brm/graphs/graph_trend.asp?tf=1800&ct=Line&prods=1&gs=275,250&st=zz&c3d=False&web=brm&cc=1&prodtype=M&bgcolor=&topgap=&bottomgap=&rightgap=&leftgap=&seriescolor=

]]>