Sentences with phrase «affordability is at its highest level»

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

In its report, Inman News scanned metro areas with populations over 150,000 to find where real estate sales volume is rising, job markets are growing, foreclosure activity is low, sales prices are appreciating, and home affordability is at high levels.

Not exact matches

«Home prices are at peak levels in many major markets and the appreciation is being driven by a number of dynamics — high demand, stronger employment, lean supplies and affordability — that will continue to play out in the coming years.

Currently housing affordability is at a very high level according to the California Association of Realtor's Economist.

NAR's affordability index is at its highest level ever, at nearly 170, which means households earning the national median income have 170 percent of the income needed to buy a home at the national median price.

At the national level, more than 70 % of the deterioration in affordability was due to higher interest rates; in Toronto, it was 90 % (top chart).

Home affordability has been at its highest level in the past three quarters since 1970, according to the National Association of REALTORS ®» affordability index.