Sentences with phrase «historically high affordability»

This is thanks to sustained economic growth, the slowly recovering jobs picture, and historically high affordability conditions, NAR Chief Economist Lawrence Yun told a packed room on Thursday during the Residential Economic Update at the 2011 REALTORS ® Midyear Legislative Meetings.

Historically high affordability is one of the key drivers of the improved sales performance.

Not exact matches

According to Freddie Mac's recent news release: «Historically speaking [we are] moving from very high levels of affordability to high levels of affordability.»

Home buyers today have historically high levels of house - purchasing power, and that's one important reason why, even as unadjusted house price growth exceeds household income growth, the talk of an affordability crisis is over-stated for now.»

And, despite historically low interest rates, affordability measures such as the RBC Housing Affordability Index, which measures home ownership costs as a percentage of household income, remain stuaffordability measures such as the RBC Housing Affordability Index, which measures home ownership costs as a percentage of household income, remain stuAffordability Index, which measures home ownership costs as a percentage of household income, remain stubbornly high.

While historically low rates are helping to offset the faster appreciation of home prices relative to incomes, a higher mortgage rate would erode affordability under these conditions.

The housing recovery is being supported by an historically high level of affordability of houses which, in turn, reflects the low level of nominal interest rates.

So knowledge workers feeling priced out of high cost metros can move to cheaper Sun Belt metros, creating affordability problems in places less familiar with them historically.

Interest rates are still historically low, prices are stable and affordability is at a high.

While historically low rates are helping to offset the faster appreciation of home prices relative to incomes, a higher mortgage rate would erode affordability under these conditions.

«It is noteworthy that affordability remains historically high thanks to favorable mortgage rates even as national home price indexes show some rise in values.»

Historically speaking, that's moving from very high levels of affordability to high levels of affordability.

«With home prices in a broad trough and historically low mortgage interest rates, high housing affordability conditions and rising rents could stimulate a more rapid sales recovery if banks get back into the business of lending to more creditworthy borrowers,» Yun said.