«Housing
affordability remains strong and this is an encouraging sign as the spring home building season moves into high gear,» says NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del..
According to a national foreclosure blog, home
affordability remains unprecedented in Cincinnati, OH.
Despite increases in overall rental stock,
affordability remains a concern for many renters, as the rental stock affordable for low - income renters continues to deteriorate.
Still,
affordability remains the chief concern on home buyers» minds.
As buying a home gets more expensive,
affordability remains a concern for many, and these numbers highlight just how much people are spending on housing.
«Even with rising home prices,
affordability remains historically favorable because home prices over-corrected during the downturn.
Housing
affordability remains a huge issue in Manhattan, and builders are going a step further by offering up micro housing as a solution.
In addition, housing
affordability remains high due to historic low mortgage rates, creating pent - up demand for homes.
«It is noteworthy that
affordability remains historically high thanks to favorable mortgage rates even as national home price indexes show some rise in values.»
Current trends in the real estate market show rising home prices, yet
affordability remains strong.
We believe
affordability remains high despite these price gains and will continue to support home ownership.
Despite the rise in interest rates and run - up in home prices earlier this year, housing
affordability remains intact, which should continue to benefit the housing market as consumers regain their confidence.
Still,
affordability remains the chief...
«Housing
affordability remains a pressing issue with home - price growth increasing around four times the pace of wages,» says Yun.
Edmonton is also experiencing explosive price growth, but
affordability remains surprisingly good.»
«There is still a supply - and - demand problem, mortgage rates are still on the rise,
affordability remains an issue in many major markets, and the wider - ranging effects of the new tax plan are still unknown — so it's unclear whether this slowed growth will lead to housing market price plateaus or declines, but the conditions are certainly in place for that potential outcome.»
Adds Yun, «With home prices and rents continuing to rise and wages showing only modest growth, declining
affordability remains a hurdle for renters considering homeownership — especially in higher - priced markets.»
Yet, in spite of decreased prices of homes, housing
affordability remains a major concern.
Today, that number is down to 63.4 %.4 While home
affordability remains a question for many Americans, the downward trend in homeownership corresponds to banks» tighter credit standards following the Great Recession.
And housing
affordability remains high.
Overall housing
affordability remains decent, while affordability of condos is the most favourable it has ever been.»
«
Affordability remains an important factor when deciding on an appropriate vacation destination and reward programs provide a practical and convenient way for more Canadians to take advantage of a broad array of redemption options and upgrade their vacation experience without breaking the budget,» said Nick Mastromarco, director, BMO Bank of Montreal.
Housing affordability changed very little in Ontario in the second quarter and homebuyers did not appear to be overly concerned by the fact that
affordability remained somewhat stretched for single - family homes.
UAE property portal Bayut.com is reporting this week that
affordability remained the center of discussions at the recently concluded Cityscape Global real estate exhibition in Dubai.
«While interest rates and overall housing
affordability remain very favorable on a historic basis, the decline in the latest HOI is a positive development because it is another signal that the housing recovery is starting to take root, and it lends needed confidence to prospective buyers and sellers who have been reluctant to move forward in the current marketplace,» says NAHB Chairman Barry Rutenberg, a home builder from Gainesville, Fla..
Not exact matches
Furthermore, many economists forecast inflation will
remain low, so debt will be harder to pay off, creating a bleak picture for housing
affordability down the road.
This demonstrates that the «fundamentals for real estate
remain good,» he noted, but that the condo market is facing a challenge with the amount of supply currently available, although condo
affordability is still at reasonable levels.
Guatieri said it's worth noting that while detached housing was what drove the drop in sales, condo sales have
remained strong, helped in part by their relative
affordability.
But major questions over the product's
affordability and infrastructural feasibility
remain.
TORONTO, March 30, 2017 - While home ownership costs
remained historically elevated in Canada, they levelled out in the fourth quarter of 2016 after climbing steadily for a year and a half, according to the latest Housing Trends and
Affordability Report issued today by RBC Economics Research.
2017.03.30 Housing
affordability trends in Toronto and Vancouver diverge: RBC Economics While home ownership costs remained historically elevated in Canada, they levelled out in the fourth quarter of 2016 after climbing steadily for a year and a half, according to the latest Housing Trends and Affordability Report issued today by RBC Economic
affordability trends in Toronto and Vancouver diverge: RBC Economics While home ownership costs
remained historically elevated in Canada, they levelled out in the fourth quarter of 2016 after climbing steadily for a year and a half, according to the latest Housing Trends and
Affordability Report issued today by RBC Economic
Affordability Report issued today by RBC Economics Research...
RBC's
affordability measures fell between 0.5 and 1.5 percentage points but
remained close to long - run averages, suggesting that
affordability likely plays a neutral role in home buying decisions in the province.
Housing
affordability generally
remained stable across Canada in the fourth quarter of 2015, with the exception of the scorching Vancouver and Toronto markets where soaring home prices continued to raise the bar on homeownership...
The final category, on the bottom left of the matrix, represents products and services for which needs are (and will probably
remain) very local and
affordability is a challenge.
2016.02.29 Home ownership in Canada
remains affordable... for buyers outside Vancouver or Toronto: RBC Economics Q4 2015 Housing
affordability generally
remained stable across Canada in the fourth quarter of 2015, with the exception of the scorching Vancouver and Toronto markets where soaring home prices continued to raise the bar on homeownership...
And, despite historically low interest rates,
affordability measures such as the RBC Housing Affordability Index, which measures home ownership costs as a percentage of household income, remain stu
affordability measures such as the RBC Housing
Affordability Index, which measures home ownership costs as a percentage of household income, remain stu
Affordability Index, which measures home ownership costs as a percentage of household income,
remain stubbornly high.
While this has caused appreciation to slow across many property types within the Greater Vancouver market, condominiums have
remained remarkably resilient in the face of recent conditions due to their relatively better supply and
affordability.
In the short term, Freddie Mac's housing analysts expect home buyer
affordability to «
remain strong,» thanks in part to the favorable mortgage rates being offered by lenders these days.
Glick told POLITICO New York it was «very nice» that the governor is «tacking to the left on college
affordability,» adding, «whether the governor has any intention of being more generous to the public systems in terms of operating costs than he's been in the past or capital support
remains to be seen.»
The Cohoes lawmaker said the only
remaining major areas of disagreement were the specifics of the college
affordability plan and Cuomo's shared - services mandate scheme.
«For struggling families, the
affordability of a college education
remains a serious challenge.
He agreed with Cuomo's assessment of the
remaining disputes, though he said K - 12 school funding levels and the details of Cuomo's college
affordability plan were also unresolved.
This renovation will add years to the life of this complex and decades to its
affordability — most important, it allows the current tenants to
remain comfortably and affordably near their families and in the community they already call home.
It preserves the
affordability of this complex for another 40 years and ensures that this property
remains a resource for seniors and gives new life to this community.»
- GDP per capita is still lower than it was before the recession - Earnings and household incomes are far lower in real terms than they were in 2010 - Five million people earn less than the Living Wage - George Osborne has failed to balance the Budget by 2015, meaning 40 % of the work must be done in the next parliament - Absolute poverty increased by 300,000 between 2010/11 and 2012/13 - Almost two - thirds of poor children fail to achieve the basics of five GCSEs including English and maths - Children eligible for free school meals
remain far less likely to be school - ready than their peers - Childcare
affordability and availability means many parents struggle to return to work - Poor children are less likely to be taught by the best teachers - The education system is currently going through widespread reform and the full effects will not be seen for some time - Long - term youth unemployment of over 12 months is nearly double pre-recession levels at around 200,000 - Pay of young people took a severe hit over the recession and is yet to recover - The number of students from state schools and disadvantaged backgrounds going to Russell Group universities has flatlined for a decade
«I
remain concerned that the minor change at the upper end of the
affordability spectrum does nothing to encourage developers to create units that would maintain our professionals and foster socio - economic diversity,» Diaz said.
«Despite the progress and the success of viral eradication, numerous questions
remain unanswered such as response based on race, still difficult - to - treat situations such as patients with end - stage liver disease or undergoing hemodialysis, access to and
affordability of these therapies, improvement in quality of life, and cost - effectiveness.
On the contrary, poverty rates for various groups, including children, have seen much less improvement in London compared to the Northern regions; house price
affordability and private rental costs have increased substantially in London but not in the North; homelessness has worsened in London but improved in the North; and overcrowding
remains particularly acute in the capital.
Selected as our 1991 Automobile of the Year, the Acura NSX has
remained one of the most celebrated enthusiast's cars because of its rare combination of performance, livability, and
affordability.
Though a new generation nears, the 2015 Mazda MX - 5
remains the benchmark among roadsters for driving enjoyment and
affordability.