Sentences with phrase «because median home prices»

Santa Clara County is considered to be a «high - cost area» by HUD, because median home prices are well above the national average.

Mike Sante, managing editor for the website focusing on consumer finances, said the Baltimore metropolitan area — defined for this report as including the city, five surrounding counties and Queen Anne's County — rose in the ranking because median home prices fell by nearly 3 percent while median income rose about 2 percent.

Santa Clara County is considered to be a «high - cost area» by HUD, because median home prices are well above the national average.

Santa Clara County is considered to be a «high - cost area» by HUD, because median home prices are well above the national average.

That's because the median home price for that city has risen above $ 1 million.

Not exact matches

The median price of a newly built home sold in April fell 4 percent compared with a year ago, according to the U.S. Census, but that is not because builders have suddenly put up cheaper homes.

We feel it is, because with the Zestimate, we have an estimate of the current value of every home in the area and, thus, can estimate what the median sale price of the whole area would be if every home were sold on the same day: It would approximately equal the median Zestimate, or Zillow Home Value Index for that ahome in the area and, thus, can estimate what the median sale price of the whole area would be if every home were sold on the same day: It would approximately equal the median Zestimate, or Zillow Home Value Index for that ahome were sold on the same day: It would approximately equal the median Zestimate, or Zillow Home Value Index for that aHome Value Index for that area.

FHA: The loan limit for a single - family FHA mortgage loan California varies from one county to the next, because they are partly based on median home prices.

With a median household income nearing 70,000, the state of Connecticut is an affluent one, and home prices tend to be higher than national averages because of that.

The national median condo / co-op price often is higher than the median single - family home price because condos are concentrated in higher - cost housing markets.

Analysts determined that even when applying Kansas City's relatively loose regulations, home prices in San Francisco would be as much as three times higher than the national median because of its constraints geographically.

The national median condo / co — op price often is higher than the median single — family home price because condos are concentrated in higher — cost housing markets.

Sixteen percent of home buyers have left the market because Congress allowed FHA and conforming loan limits to drop to 115 percent from 125 percent of the area median home price and the loan - limit cap to drop to $ 625,500 from $ 729,750, NAR data show.

The national median condo / co-op price often is higher than the median single - family home price because condos are concentrated in higher - cost housing markets.

«Our current forecast is for the median existing home price to rise 4.5 to 5 percent this year and about 5 percent in 2013, which is somewhat stronger than historic norms because of the inventory shortfall that is most pronounced in the low price ranges,» Yun says.

According to industry analysts with the National Association of Realtors ® (NAR), sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes.

Housing industry analysts note that sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes.

Because there is so much buildable land to accommodate the influx of people, the median price for a home is $ 275,000 in Indio, $ 312,000 in Cathedral City, and $ 307,700 in Palm Springs, Zeigler says.

Because of record - low mortgage rates (the average 30 - year fixed rate was at 4.3 percent in early October), the monthly mortgage payment for a median - priced home purchased with FHA - backed financing is $ 1,150, down from $ 1,658 in 2006, at the height of the boom.

Geoffrey Hewings, director of the Regional Economics Applications Laboratory at the University of Illinois, forecast the median price of homes in the Chicago area to rise 8.2 percent in January, 8.1 percent in February and 8.4 percent in March because inventory will remain limited.

North Carolina is pulled down in the rankings because it has the 10th - lowest median household income in the U.S.. On top of that, the average home list price is higher here than in about half of all states.

Georgia's median monthly mortgage payment has risen nearly $ 100 because of rising home prices.