Sentences with phrase «affordability challenges»

• Housing affordability challenges for travel workers were concentrated in major vacation destinations.

The widespread affordability challenges have implications for the country's economy as well as for the welfare of individual households.

The data shows that many markets where the population is above 1 million have affordability challenges not seen in areas further from major metropolitan centers.

In addition, families can deal with housing affordability challenges by living with one less car, and productive and busy people can save time by having a fast and reliable alternative to sitting in traffic.»

Thus, first - time buyers are facing acute affordability challenges in some high - cost areas.»

Rents that have climbed faster than incomes during this economic cycle have led to housing affordability challenges for some.

«Governor Brown's approval of SB 1413 will help school districts directly address the housing affordability challenges facing teachers and reduce high turnover rates.»

This is already reflected in our recent first time buyers report as this category feels affordability challenges first.»

«And then the broader affordable housing plan that was put together at the end of the legislative session — again, we're looking for action, we're looking for results that will help us address the huge affordability challenges in New York City.»

However, for entry - level renters and first - time homebuyers, it leads to tougher affordability challenges.»

«The recent surge in interest rates amid continued strong home price appreciation are likely to present affordability challenges to homebuyers, especially for young adults who are looking to enter the housing market for the first time,» adds Duncan.

The model could very well be a blueprint for other CBDs, where affordability challenges has left many people hopeless and desperate.

Despite steadily improving local job markets and historically low mortgage rates, the U.S. homeownership rate is stuck near a 50 - year low because of a perverse mix of affordability challenges, student loan debt, tight credit conditions and housing supply shortages.

The apartment sector is expected to remain the top performer in commercial real estate, as supply and affordability challenges continue to block the country's homeownership rate from any «meaningful improvement,» NAR notes.

about Surge in the Supply of Higher - Cost Rental Housing is Slowing Amidst Persistent Affordability Challenges for Working - Class Households

By building and operating an excellent public transit system, employers can access a wider pool of employees, employees can access more job opportunities, families can deal with housing affordability challenges by living with one less car, and productive and busy people can save time by having a fast and reliable alternative to sitting in traffic.

Nothaft put the mortgage rate increases into perspective: «For example, with fixed - rate loan rates up by 0.5 [percentage point] since last summer, and house prices in national indexes up at least 5 percnet, the monthly principal and interest payment is more than 10 percent higher than it was last summer, adding to affordability challenges for first - time buyers.»

«There is a solid case to be made in these numbers for how the supply side may be responding to affordability challenges and that the market, left to its own, is finding solutions,» Derek Holt, head of capital markets economics at Scotiabank, wrote this month.

This affordability challenge has grown for nearly a decade.

But make no mistake, the Toronto area's housing affordability challenges are here to stay based on land values alone, he said.

Increased foreign buyer taxes in Canada's British Columbia is likely to have little effect on the affordability challenges being faced there, reports BuzzBuzzNews (22 February 2018).

In addition, residents confront a housing affordability challenge — with an estimated 40 percent of all renters devoting more than 30 percent of their household income to rental or lease costs.

«Property taxes represent an affordability challenge particularly important to New York City seniors and those living with disabilities.

The new analysis sheds light on how Airbnb listings, particularly in neighborhoods where they are most heavily concentrated, exacerbate New York City's affordability challenges and make it harder for working - and middle - class families to make ends meet... Airbnb listings were heavily concentrated in parts of Manhattan and Brooklyn and had a greater impact on these neighborhoods.

Ongoing supply and affordability challenges and Hurricane Harvey's impact on sales activity in the Houston area led to a decline in existing - home sales and contract signings in August.

These affordability challenges are the result of inventory shortages — which leads to bidding wars — and rising mortgage rates, resulting in higher monthly payments.

The debt load, along with affordability challenges that only grow as home prices rise, could be playing a role in the drop in first - time home buyers.

Affordability challenges are weighing on the housing market, as many homebuyers and sellers contend with either being unable to compete or to find a new home within reach.

Julia Hinton from Property24 explains that the past 5 years of high growth has lead to affordability challenges, compounded by the drought's impact on local economy.

The affordability challenge — along with other factors including new tech hubs in emerging markets and wider geographical distribution of well - paying jobs — have driven more Millennials to move away from expensive housing states such as California and New York.

The apartment sector is expected to preserve its status as a top performer this year simply because ongoing supply and affordability challenges are keeping the nation's low homeownership rate from seeing meaningful improvement.