Sentences with phrase «housing affordability dropped»

Housing affordability dropped to the lowest level in seven years at the end of 2016.

When this happens, housing affordability drops.

Not exact matches

Guatieri said it's worth noting that while detached housing was what drove the drop in sales, condo sales have remained strong, helped in part by their relative affordability.

«We had anticipated a rebound in activity from earlier this year when the harsher than normal winter weather took hold, but the biggest drop in fixed mortgage rates in almost four years and resulting improvement in affordability also gave the Canadian housing market a boost of extra energy.»

2018.04.05 Toronto sees short - term affordability relief for homebuyers: RBC Economics Housing affordability improved for the first time in more than two years in the fourth quarter of 2017 thanks to a drop in Toronto...

Real Affordability for All, the lead group attacking NYC Mayor Bill de Blasio's affordable housing plan as insufficiently affordable, has alienated some of its members, some of whom have quietly dropped out of the coalition.

A drop in the price of single detached homes in Toronto has led to a partial recovery of housing affordability across Canada, but prices are likely to re-accelerate after spring, according to a report by Royal Bank of Canada.

If the rates drop to 2.5 % then this makes such a huge difference in affordability that the demand skyrockets because the number of people who can afford a house (assuming prices stay the same) has increased by a huge amount.

«A drop in housing supply in December raises some affordability concerns in the months ahead as minimal selection and the potential for faster price appreciation could offset the demand from buyers encouraged by a stronger economy and sub-4 percent interest rates,» says Yun.

The 7th Annual Demographia International Housing Affordability Survey has for the first time dropped Winnipeg's ranking from affordable to moderately unaffordable.

Home affordability continues dropping below long - term trends, but some experts say fears of a housing bubble are overblown.

Modest home price and interest rate increases resulted in a slight drop in nationwide housing affordability in the third quarter of 2015, according to the National Association of Home Builders / Wells Fargo Housing Opportunity Indexhousing affordability in the third quarter of 2015, according to the National Association of Home Builders / Wells Fargo Housing Opportunity IndexHousing Opportunity Index (HOI).

Though experts are divided on what exactly is causing homeownership rates to drop, it's safe to say that affordability is one of the main reasons that first - time buyers are having a hard time getting onto the housing ladder.

The percentage of home buyers who could afford to purchase a median - priced, existing single - family home in California dropped to 32 percent in the third quarter of 2013, down from 36 percent in first - quarter 2013 and from 49 percent in third - quarter 2012, according to C.A.R.'s Traditional Housing Affordability Index (HAI).

In Alberta, the biggest cumulative drop in the history of RBC affordability measures deepened further in the second quarter, falling to levels not seen since before the housing boom.