Sentences with phrase «affordability in a low interest rate»

For this reason, fixed rate loans can best guarantee long term affordability in a low interest rate environment.

For this reason, fixed rate loans can best guarantee long term affordability in a low interest rate environment.

Not exact matches

The combination of lower property prices, low interest rates and small increases in household incomes has made housing affordability in Perth the best it has been for 10 years, and the best of any mai

The housing recovery is being supported by an historically high level of affordability of houses which, in turn, reflects the low level of nominal interest rates.

Despite recent concerns about Canadians» high personal debt and rising interest rates, Sal Guatieri, a senior economist at BMO Capital Markets, told Bloomberg that «mortgage rates are still near historical lows and this, combined with an expected cooling in house prices, will help support affordability for Canadians.»

She has fought to keep interest rates low to improve college affordability; additionally, she took a lead in protecting Pell Grant funding.

Housing affordability reached a record low in March 2008 when bank interest rates were above 9 per cent.

With low prices and record - low interest rates, home affordability in 2012 was the most favorable since 1970, he said.

The affordability of Homeownership has been helped in recent years by low interest rates and the availability of high loan - to - value mortgages backed by mortgage insurance.

Interest rates have plummeted to record lows and that increases affordability for first time home buyers in New Jersey, New York and Connecticut which helps out significantly in the high cost areas.

A strong local economy driven by the oil sector combined with low inventory led to the robust increases, but eroding affordability and interest rates that are expected to rise will likely lead to more moderate price appreciation in the second half of the year.

Although interest rates are still low, the recent rise in home prices is affecting home affordability.

Jobs are growing and interest rates remain low, but tight inventory in many parts of the country continues to drive home prices up, hurting affordability, especially for first - time buyers, who can't tap home sale proceeds to come up with a down payment.

In this video, NAR Chief Economist Lawrence Yun talks about the factors that led to the decline in existing - home sales in September: summer sales were stronger than usual, affordability is at a five - year low, income is not rising at the same rate as home prices, and interest rates are going uIn this video, NAR Chief Economist Lawrence Yun talks about the factors that led to the decline in existing - home sales in September: summer sales were stronger than usual, affordability is at a five - year low, income is not rising at the same rate as home prices, and interest rates are going uin existing - home sales in September: summer sales were stronger than usual, affordability is at a five - year low, income is not rising at the same rate as home prices, and interest rates are going uin September: summer sales were stronger than usual, affordability is at a five - year low, income is not rising at the same rate as home prices, and interest rates are going up.

«Many renters are realizing that the increase in affordability - combined with low interest rates and tax incentives - are tipping the scales away from renting and towards homeownership,» said Christine Van Tuyl, agent with Prudential California Realty.

«If low inventory conditions persist into the summer months, sales could be constrained and the resultant increases in prices could exacerbate the effect of interest rate increases on affordability.»

Small wonder: Housing affordability is at its highest level since we started keeping records in 1970, and interest rates are at significant lows.

The pace of existing - home sales showed an encouraging gain of 2.9 percent in April to 4.68 million units, suggesting renewed interest among buyers as interest rates remain low and affordability high.

«Home values are high, but affordability, while suffering a bit lately, is still okay, largely because of very low mortgage interest rates helping to keep monthly mortgage payments in check,» says Dr. Svenja Gudell, chief economist at Zillow.

«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.

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

In the current environment of very low interest rates this positive motivational factor may be outweighing the expected negative affordability factor.

Compared with a year ago, the median price of a home sold in the Chicago area in April again posted a double - digit percentage gain, as it did in March, potentially creating affordability issues for buyers despite continued low mortgage interest rates.

However, low interest rates, improved affordability, and reduced inventories in the U.S. should all contribute to a homebuilding recovery, down the road,» commented Alan Norris, CEO of Brookfield Residential.

Among those pluses: record - low fixed interest rates for mortgages and the highest affordability levels since record - keeping began in the 1970s.

Exceptionally low interest rates helped ensure a slight gain in nationwide housing affordability amid relatively stable house prices in the final quarter of 2012, according to the National Association of Home Builders Index (HOI), released recently.

They can still take advantage of the lower interest rates, motivated sellers, and get in the market while it is setting record highs for affordability through a conventional equity sale.

The recent surge in resale activity can be attributed to pent - up demand, low interest rates and greater affordability, says Re / Max.

However, home prices in many markets are soaring to all - time highs, and that along with low interest rates, are helping to support home buyer affordability, he says.

«With home prices in a broad trough and historically low mortgage interest rates, high housing affordability conditions and rising rents could stimulate a more rapid sales recovery if banks get back into the business of lending to more creditworthy borrowers,» Yun said.

The housing market in San Diego and across the nation has become accustomed to artificially low interest rates over the last few years fueling price increases, only time will tell how the normalization of borrowing costs will affect the housing market and affordability.