Sentences with phrase «at affordability conditions»
The Quarterly Housing Affordability Index measures whether or not a typical family qualifies for a mortgage loan on a typical home at the national and regional levels based on quarterly price and income data, as well as a look at affordability conditions for first time buyers.
https://www.nar.realtor/ Not exact matches
«All year, the relationship between home prices, mortgage interest rates and family income has been hovering at historic highs, meaning the best housing affordability conditions in a generation,» he said.
The good news is home construction is rising and low mortgage rates are continuing to keep affordability conditions at historically favorable levels.
«With price appreciation likely to continue at the same pace — and even higher in some markets — incomes need to rise even more to keep affordability conditions from declining further.»
«Housing affordability conditions are at a record high and there is a pent - up demand from buyers who've been on the sidelines, but contract failures have been running unusually high.
«For those with good credit, we've never seen better housing affordability conditions or market opportunities than we see at present,» he says.
But she says the expected moderation in underlying housing demand comes at a time when affordability is at a cycle low, supply conditions are becoming better balanced and pent - up demand has largely been satisfied.
«Housing affordability conditions have been at a record high this year, rents are rising and homes are selling for less than the cost of construction in most of the country,» he said.
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This is thanks to sustained economic growth, the slowly recovering jobs picture, and historically high affordability conditions, NAR Chief Economist Lawrence Yun told a packed room on Thursday during the Residential Economic Update at the 2011 REALTORS ® Midyear Legislative Meetings.