Sentences with phrase «affordability conditions for»

Housing affordability conditions for all buyers reached a milestone in the first quarter, according to the National Association of Realtors ®.

The Quarterly Housing Affordability Index measures whether or not a typical family qualifies for a mortgage loan on a typical home at the national and regional levels based on quarterly price and income data, as well as a look at affordability conditions for first time buyers.

Not exact matches

«Homes for sale are going under contract a week faster than a year ago, which is quite remarkable given weakening affordability conditions and extremely tight supply.

Tougher federal mortgage regulations took full effect on Jan. 1, slashing affordability for new borrowers and contributing to slower selling conditions than the record - breaking activity experienced throughout 2017 in Canada's largest markets.

NYCHA residents, including tenants of the Pelham Parkway, Throggs Neck and Sack Wern Houses, together with housing advocates Community Voices Heard and Real Affordability For All, filled the Million Dollar Staircase to decry current conditions and push for new investments in the nation's largest public housing stoFor All, filled the Million Dollar Staircase to decry current conditions and push for new investments in the nation's largest public housing stofor new investments in the nation's largest public housing stock.

«A continuation of last month's alleviating price growth, which was the slowest since last December (4.5 percent), would improve affordability conditions and be good news for the would - be buyers who have been held back by higher prices this year,» Yun says.

With 11 months of data reported, 2012 will clearly go down as a record year for favorable housing affordability conditions, and a great year for buyers who could get a mortgage, according to the National Association of Realtors ®.

To identify those soon - to - be booming millennial markets, NAR factored in current housing conditions and housing affordability, job creation, and population trends in 100 metro area across the country that have a large millennial presence to determine the best markets for aspiring millennial home buyers.

Housing affordability conditions are forecast to remain favorable through next year, with the 30 - year fixed - rate mortgage staying near record lows for the balance of this year but gradually rising to 4 percent in the second half of 2013.

Current inventory conditions are also eroding affordability, especially for first - time homebuyers in the market for starter homes, which would require 39.1 percent of their monthly income.

Tougher federal mortgage regulations took full effect on Jan. 1, slashing affordability for new borrowers and contributing to slower selling conditions than the record - breaking activity experienced throughout 2017 in Canada's largest markets.

Single - family housing affordability: Lack of inventory, higher rents and home prices, difficulty saving for a down payment and investors weighing on supply levels by scooping up single - family homes have all lead to many markets experiencing decaying affordability conditions.

«There is still a supply - and - demand problem, mortgage rates are still on the rise, affordability remains an issue in many major markets, and the wider - ranging effects of the new tax plan are still unknown — so it's unclear whether this slowed growth will lead to housing market price plateaus or declines, but the conditions are certainly in place for that potential outcome.»

When combined with the scant supply levels for existing homes, these tight inventory conditions continue to hamper affordability in many of the largest cities in the country — especially those in the West.

The National Association of REALTORS ® recently analyzed 100 metro areas to determine the best purchase prospects for young buyers; researchers compared the presence of millennials in the area, local job market conditions, housing affordability and inventory availability.

«For those with good credit, we've never seen better housing affordability conditions or market opportunities than we see at present,» he says.

Affordability conditions remain favorable in much of the country, but consumers need access to safe and sound financing, particularly the 30 - year fixed - rate mortgage, and with low downpayment options for first - time buyers,» Yun said.

«Housing affordability conditions have been at a record high this year, rents are rising and homes are selling for less than the cost of construction in most of the country,» he said.

Housing affordability is about the best it's ever been, but tight lending conditions have made it difficult for buyers to take advantage of the good conditions.

While nearly half of the Coldwell Banker survey respondents reported that affordability was the No. 1 concern for this group, 82 per cent said today's first - time homebuyers consider move - in conditions to be very important when searching for homes.

The survey asked 10,000 renters and homeowners about the condition of their local real estate market, their expectations for home value growth and affordability in the future, and their aspirations for homeownership.

Stable borrowing rates and a slight decline in utility costs provided little relief to homeowners as Canada's housing affordability conditions deteriorated for the fourth consecutive quarter, says the latest Housing Affordability Index released by Raffordability conditions deteriorated for the fourth consecutive quarter, says the latest Housing Affordability Index released by RAffordability Index released by RBC Economics.

«The underlying factors for improving sales are developing, such as rising rents, record high affordability conditions and investors buying real estate as a future inflation hedge.