Sentences with phrase «affordability in»

«Lower mortgage rates will help to maintain the high degree of home buyer affordability in the market,» says Frank Nothaft, chief economist at Freddie Mac.

Although improving home prices, economic growth, mortgage accessibility and rental development have improved housing access and affordability in many areas, a confounding series of supply - demand mismatches continues to severely impact markets worldwide.

However, rising rates will hinder affordability in high - priced markets.

Rebounding from a relatively restrained downturn, housing affordability in Atlantic Canada continues to improve, albeit at a more moderate pace than elsewhere in the country, says RBC.

NAR President Steve Brown says favorable affordability in these markets will ultimately be met with inevitable life milestones to increase homebuying activity.

The notable easing of homeownership costs in the past year has fully repaired affordability in Manitoba, compared to historical averages, it says.

While the units create affordability in value on price when purchased; the maintenance fees may escalate much higher than the normal because of the amount of units and the wear and tear on common elements.

The worsening of affordability in Q2 was the eighth in a row, the longest run in almost 3 decades.

First - time homebuyer affordability in September decreased to 115.02 from last month's 115.49 percent.

«Tight inventories and a forecast of rising mortgage interest rates through 2018 will keep home prices on a gradual upward path and slowly lessen housing affordability in the quarters ahead.»

«The new units, which rent for an average of $ 1,582, raise questions about affordability in a city scrambling to find reasonably priced housing.

The deterioration of affordability in Canada over the past two years appears to be negatively impacting consumer confidence.

First - time homebuyer affordability in October increased to 183.78 percent from last month's 178.67 percent.

First - time homebuyer affordability in April decreased to 156.70 percent from last month's 158.99 percent.

First - time homebuyer affordability in February dipped a fraction to 193.14 percent from last month's 194.36 percent.

First - time homebuyer affordability in September decreased slightly to 121.42 percent from last month's 121.97 percent.

First - time homebuyer affordability in January increased to 178.07 percent from last month's 172.31 percent.

«Next year, California's housing market will be driven by tight housing supplies and the lowest housing affordability in six years,» said C.A.R. President Pat «Ziggy» Zicarelli.

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.

«A number of factors are working in Canada's favour, including healthy personal and governmental debt levels, the relatively modest rise in interest rates in our country, and general affordability in our major cities.

The first step to helping potential homeowners is determining affordability in terms of how much they can afford once all the costs are factored in.

«Though we have seen a modest drop in affordability in the second quarter, the [index] is still fairly high by historical standards,» says Robert Dietz, NAHB's chief economist.

Affordability in many large centres is not possible for a great many investors.

Economists polled by MarketWatch had expected a rate of 5.1 million for December, with buyers eager to take advantage of relatively high affordability in a housing market that is gaining steam.

Strengthening house prices in metros across the country contributed to slightly lower housing affordability in the second quarter, according to the National Association of Home Builders / Wells Fargo Housing Opportunity Index (HOI).

The lack of affordability in San Francisco and other communities along California's coast worries politicians and fiscal analysts, who say it could eventually curb economic growth.

Still, home price gains are reducing affordability in areas across the country, which had 25 percent growth on average over the last three years.

ValueInsured can not draw a direct casual effect on Millennials» declining attitude toward owning, however, it coincides with steady rises in national home prices and Millennials» rising concerns for home prices and affordability in its quarterly survey:

According to the National Association of Realtors» housing affordability index, affordability in the Houston area is still relatively high.

Slowing home appreciation and lower mortgage rates helped push up home affordability in the Chicago area at the end of 2014 — but that was then and early 2015 may be another story.

Some market pundits are concerned about the crisis of affordability in downtown Seattle housing noting only 57 resale units listed for sale in a city of more than 70,000 urban residents.

In an effort to address housing affordability in urban and suburban areas, the Manufactured Housing Institute in 1997 announced a pilot project to bring manufactured homes to five major urban areas.

Buyers in the Washington area, accustomed to the lack of available homes and declining affordability in the past few years, are beginning to recognize that widening their scope of potential neighborhoods might be necessary to get a home they want.

Central's selling point is affordability in a region where new construction increasingly is geared toward luxury buyers.

Because demand varies from region to region and the proportion of household income expected to be spent on housing also varies greatly from region to region, the Scout Vision Housing Affordability Index is best used to compare affordability in a region over time to assess overheated markets, rather than using the Index to compare different regions at one point in time to assess market overheating.

But affordability in places like South Florida may hold them back.

In these markets, housing values have outpaced income growth, hindering housing affordability in those areas.

Also, scroll over any county to learn about housing affordability in that market.

First - time homebuyer affordability in May increased to 170.94 percent.

First - time homebuyer affordability in May decreased to 121.56 percent from last month's 129.90 percent.

First - time homebuyer affordability in March decreased to 126.49 percent.

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 Index (HOI).

Global News has reported that some Toronto real estate sales professionals believe that «a foreign buyer tax in the Greater Toronto Area (GTA) would be «misguided» at a time of decaying affordability in the city».

But today, the gentrified area faces a new challenge — maintaining affordability in the face of rapidly rising prices.

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 survey says that 21 per cent of Ontarians would include home affordability in their list of top - three issues that will determine who they would vote for in the next election — even ahead of other important issues such as the environment (19 per cent), education (16 per cent) and transit (13 per cent).

«Expected rising mortgage interest rates will further lower affordability in upcoming months.»

«Despite decreasing affordability in an already pricey housing market, higher interest rates might have a silver lining for first - time and low - income buyers looking to enter the market.

Also, we look at credit capability and mortgage affordability in the proposed 3 years as we truly want the Tenant to be able to purchase the property at the end of the 3 years and that means we need to guide them to improve their credit to be able to qualify for a mortgage then.

«Increasing mortgages rates have the potential to further dent affordability in markets where supply struggles to recover to more balanced levels,» said Yun.