Sentences with phrase «affordability conditions improved»
Not exact matches
The condition that the refinance improves the long - term affordability or stability of your loan.
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«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.
«Home sales have been stuck in a narrow range despite several improving factors that generally lead to higher home sales such as job creation, rising rents and high affordability conditions.
«Solid economic conditions and millennials in their prime buying years should be translating to a lot more sales to first - timers, but the unfortunate reality is that the nation's homeownership rate will remain suppressed until entry - level supply conditions increase enough to improve overall affordability,» says Yun.
«However, if inventory conditions fail to improve, higher mortgage rates and prices will further eat into affordability and prevent many renters from becoming homeowners.»
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.
According to NAR's latest metro price report, affordability conditions are improving in housing markets across the country.
«If mortgage rates start to rise heading into next year, prospective buyers could face weakening affordability conditions in their market unless supply dramatically improves,» added Yun.
«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.