Sentences with phrase «during the housing boom years»

During the housing boom years, most lenders were offering loans with down payments as low as 5 %.

Their share was rising rapidly during the housing boom years when labor shortages were widespread and serious.

Not exact matches

Home prices in St. George went through the roof during the housing boom, at one point rocketing up more than 40 % in a year.

Upstate New York added relatively few jobs in housing - related sectors (e.g. construction and sales of consumer durable goods) during the boom years;

During the boom years of the early and mid-2000s, Roger and Lynda Cruz appear to have used the house as an ATM, taking advantage of its rapidly increasing property value to refinance often and take cash out, real estate records suggest.

Get a free San Diego mortgage rate quote Over the last few years, San Diego home prices rose steadily and approached the peak levels seen during the last housing boom.

Over the last few years, San Diego home prices rose steadily and approached the peak levels seen during the last housing boom.

Canadians took on a record high debt load during the post-recession housing boom, taking advantage of five years of ultra-low rates.

Over the years, cash - out refi loans took a bad rap, especially during the housing boom, when too many homeowners relied on the method to stay above water.

While others participated in investor - owned markets or were exposed to exotic mortgages such as option - ARMs and interest - only loans, and while some tolerated lax underwriting standards, FHA stuck to the basics during the housing boom: 30 - year, fixed rate traditional loan products with standard underwriting requirements.

However, during the housing boom that percentage spiked to 21 percent of all loans between years 2004 to 2006.

Last year, they accounted for about 9 % of the volume of all mortgages made in the U.S. and were especially popular in California, Florida and Nevada — states where home prices rose the most during the housing boom and are now falling most sharply.

A few years ago, anyone with a pulse could qualify for a home loan as lenders recklessly lowered their standards during the housing boom.

The last time the Fed raised short - term policy rates was 2004 — 2006, during the housing boom, when over the course of about two years it raised their target 300 BP.

But house prices, while setting records and sitting among the most expensive in the country, have not grown as much over 10 years as other metros like Dallas, Houston, and Austin, which had less of a run - up during the housing boom of the mid-2000s.

«The apartment sector did not overbuild during the housing boom, and then built nearly nothing for two years after the market crash because no financing was available,» he said.

«Any excess housing that may have been built during the boom years has been absorbed, and a stronger supply response is going to be needed to keep pace with demand — particularly for moderately - priced homes.»

About one in four boomers say they likely will buy a second home to use during their retirement years, such as a vacation or beach house.

During the peak of the housing boom in 2004 and 2005 when inventory supplies were historically low, averaging 4.3 months2 over the two - year peak period, the median selling time was 4 weeks.

«For the year, the median down payment for loans secured by single - family homes and condos was 6 percent of the median sales price nationwide, the lowest down payment percentage since 2012, but still close to twice the 3.3 percent in 2006 during the last housing boom.»

During the boom years these HELOCS were very popular because the prices of the houses kept going up.

During the last 10 years, the millennial population has primarily rented housing and baby boomers have been downsizing to apartments or condos.

After rising by double digits for years during the housing boom, property values in some parts of the most populous U.S. state dropped by more than half during the mortgage meltdown that began in...

To obtain a long - run view of housing prices that is not overly driven by transitory factors, e.g. the extent of fluctuation during the 2000s boom and bust, housing price growth is taken as the percent change in the ten year average of the inflation - adjusted indices during the decade from 2005 to 2014 and similarly during the decade from 1975 to 1984.

In a previous blog, several scatterplots showed the positive and linear relationship between the six - month moving average of the share of respondents planning to buy a new home and new single family home sales one - month ahead excluding the housing boom years, and the non-linear relationship during the period of the housing boom.

Although I joined the company in the middle of the housing boom, the majority of my tenure has been during the rockiest real estate market in many years.»

Median home prices in Dallas stand at $ 233,000, which is 3.9 % higher than median prices last year, but still significantly lower than the peak prices seen during the housing market boom 10 years ago.

Historically home sales have averaged a rate of about 6 percent of the housing stock each year but rose to 9 percent during the housing boom then dropped to 4 percent with the housing crisis.

An example: Your neighbor refinanced several times during the boom and is now underwater on his mortgage because the house isn't worth that amount anymore... and probably won't be for a few years.