«Millennial homeowners who can't afford to trade up because of their student debt end up staying put, which slows the turnover in the housing market and exacerbates the low supply levels and
affordability pressures for those trying to buy their first home,» says Yun.
Not exact matches
«There is real
pressure right now to get this done as soon as possible, but what we need is a bill that ensures an
affordability plan
for all New Yorkers in different neighborhoods.
Pushback against overly tight credit after the housing crisis, a shrunken proportion of first - time buyers and worry about
affordability as home values rose led to some tweaks to guidelines that could ease financing
pressures for homebuyers this year.
The cost of internet services was very much in the news, as
pressure group the Alliance
for Affordable Internet released its 2017
Affordability Report.
This unsustainable trend is putting considerable
pressure on
affordability in some markets — especially
for prospective first - time buyers — and is pricing out some households who would otherwise be looking to buy a home.
A definitive recovery in home prices, growth in home - building and unbridled demand are strengthening the market, the report reveals, but
affordability is putting
pressure on progress, especially
for low - and middle - income households:
Affordability pressures persisted, and the pool of interested buyers at the end of the year significantly outweighed what was available
for sale.»
While the continuing
pressure on home prices increase
affordability issues and interest rates, it comes as good news
for home sellers who are vying
for some profit from their properties.
Homeowners should find their homes adding value through the rest of this decade; but that means more
pressure on
affordability for buyers
After steadily rising
for four straight months, stubbornly low inventory levels and
affordability pressures caused existing - home sales to falter in July.
«However,
affordability is likely to improve slightly next year as the lagged effects of fourth quarter mortgage rate declines, easing energy price
pressures and a topping out of home price appreciation will have a positive impact
for home buyers.
Home sales are forecasted to increase this year, but at a more moderate pace, «as pent - up demand combats
affordability pressures and meager economic growth,» says Lawrence Yun, chief economist
for the National Association...
Home sales are forecasted to increase this year, but at a more moderate pace, «as pent - up demand combats
affordability pressures and meager economic growth,» says Lawrence Yun, chief economist
for the National Association of REALTORS ®.
In an age of dwindling public subsidies
for affordable housing, NOAH is gaining currency as
affordability pressures escalate across the United States and commuting times and costs rise
for a growing percentage of Americans who can not afford to live near where they work.