NAR President Gary Thomas, broker - owner of Evergreen Realty in Villa Park, Calif., says the minor erosion in
affordability conditions moving forward could be mitigated by bank and regulatory policies.
Not exact matches
«Even with limited choices, it appears some of the rise in contract signings could be from buyers wanting to take advantage of current
affordability conditions before mortgage interest rates
move higher,» he said.
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.