Sentences with phrase «because rising home prices»

Not exact matches

In this new, rising - rate environment, customers are shunning refis, in part because so many folks already refinanced their homes at great prices.

Poorer people usually spend more when the price of their homes rise — because they feel richer.

MH: well the deeper cause is the fact there was a real estate bubble to begin with and the reason people wanted to take out mortgages now was that they thought that we had better buy a home now before the price rises even further and they didn't realize that the reason prices were rising were because the banks were making easier and easier credit.

In the United States and in most countries of the world, home prices are expected to continue to rise, facilitating growth in demand for home remodeling industry services because homeowners often leverage on the value of their homes to fund remodeling projects.

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

They were carried over from 2015 with no changes, because the Department of Housing and Urban Development (HUD) felt that home prices in these counties did not rise enough from year to year to warrant higher loan limits.

Agents are getting higher commissions as home prices rise, but have fewer houses to list because homeowners are reluctant to sell.

New home builders need to build more affordable homes to maintain sales momentum because the payments on those new homes have risen even without any price increases.

However, because assessed values rise to the purchase price when a home is sold, new homeowners can expect to pay higher rates than that.

Got home from the game about an hour or so ago, purely because the trains were delayed and what not, nearly got my head kicked in by the Southampton lot on the way back too and this is after seeing us loose 2 - 1 at home to a lesser team than us and then I just read that Stan Kroenke has taken 3 million quid out the club which coincidently is part of the 3 % rise of season ticket prices... Not been my night really.

Home prices are rising fast — 8 percent in April — because there are more people looking to buy a home than there are homes for sHome prices are rising fast — 8 percent in April — because there are more people looking to buy a home than there are homes for shome than there are homes for sale.

Affordability is vital, because when residents can no longer afford local homes, prices stop rising.

I was thinking about buying a home because I'm worried about rising home prices and not being able to afford one later.

People carrying large debt loads still feel ahead of the game because home prices keep rising, Credit Counselling Society president Scott Hannah says.

Whether you are a move - up buyer or first - time buyer, waiting to purchase your next home based on the belief that prices will fall because of rising mortgage rates makes no sense.

Additionally, while some may believe that the prices of homes will fall after mortgage rates rise because fewer people may qualify for mortgages, such as not been the case throughout the history of the housing market.

That's because in some cities, home prices are still reasonable, and buoyant economies mean prices are destined to rise higher.

A recent article in the LA Times indicated, «After the home prices soared in California soared 22 % last year, a strange thing happened: Instead of homeownership decreasing because fewer people could afford houses, it rose to record levels.»

Housing, just like the stock market, can become speculative very easily because of the emotional aspects of the purchasing process and the vast invested interests of industry to have home prices continually rise.

There's no easy way to address the «refinancing ratchet effect,» the study said, because the three factors that can lead to trouble — declining interest rates, rising home prices, and easy access to mortgage loans — are «benign market conditions» often seen as indicators of economic growth.

But Mr. Hoyes, the bankruptcy trustee, says some people are surviving only because rising prices are giving them more equity in their homes.

Because such periods of rising home prices and expanded mortgage availability were relatively unprecedented, and new mortgage products» longer - run sustainability was untested, the riskiness of PMBS may not have been well - understood.

«The turn in home prices is important, not only because the housing industry is an important employer, but also the wealth effect created by rising home prices can lift consumer spending on other big - ticket items,» said Steven Ricchiuto, chief economist at Mizuho Securities in New York.

Even more, because of some very tight markets in some areas, a down payment is often a moving target as home prices soar and cause the minimum down payment requirement to rise with it.

While actual sales prices of new homes have been rising because of the compositional shift, quality constant new home prices have risen less than quality controlled existing home prices.

«The ongoing rise in home prices is straining the budgets of some of these would - be buyers, and what is available for sale is moving off the market quickly because supply remains minimal in the lower - and mid-price ranges.»

According to Lautz, the biggest deterrent for homeownership is rising home prices because of limited inventory.

«Tight supplies and rising prices may be deterring some people from trading up to a larger house, further aggravating supplies because fewer people are selling their homes,» said Blitzer.

«On the contrary, new home construction needs to rise by at least 50 percent for a complete return to a balanced market because supply shortages — particularly in the West — are still putting upward pressure on prices.»

«Good options will remain scarce for many would - be buyers because there is still a major lack of affordable homes for sale, prices continue to rise and mortgage rates are heading up,» says Joseph Kirchner, senior economist at realtor.com ®.

Meanwhile, home prices are rising, in large part because builders aren't adding new homes for sale at a rate matching demand.

Shaw says the party would eliminate the government's Immigrant Investor Venture Capital Pilot Program, which allows foreigners to purchase Canadian properties, because it is a big factor in the rising prices of homes.

NAR Chief Economist Lawrence Yun says Renters are disproportionately affected by rising prices, because they can't count on home equity to fund their down payment.

The latest annual home - price growth of 5.7 percent is unsustainable because incomes are rising by only 2 percent per year.

«Young people are in a position to leave their parents» home because job growth is picking up, but the lack of inventory and rising prices is making that hard,» he said.

«Although the economy is expected to continue to expand with around 2 million net new job creations, existing - home sales are expected to see little expansion next year because of affordability tensions from rising mortgage rates and prices continuing to outpace income growth,» says Yun.

«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.

«Home prices have ascended far past wage growth in much of the country in recent years because not enough homeowners are selling and home builders have not boosted production enough to meet rising demand,» says Lawrence Yun, NAR chief economHome prices have ascended far past wage growth in much of the country in recent years because not enough homeowners are selling and home builders have not boosted production enough to meet rising demand,» says Lawrence Yun, NAR chief economhome builders have not boosted production enough to meet rising demand,» says Lawrence Yun, NAR chief economist.

«The housing market has shown promising resilience in recent months, but home prices are still rising too fast because of ongoing supply constraints,» Yun said.

Four cities are tipping into rent territory of the index — Miami, Pittsburgh, Portland and Seattle — namely because home prices have risen too high too quickly.

Because home prices have continued to rise, exacerbated by the shortage in affordable homes for sale, Millennials are increasingly moving to suburban areas.

Also, because more - expensive mortgages make the overall cost of buying a home increase, we may see price appreciation slow down or, if rates rise considerably, prices could tick downward.

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.

Developers and economists alike say condo prices, up 21 per cent in a year according to the Toronto Real Estate Board, can not keep rising at such a pace, in part because it was their relative affordability compared to single - family homes that fueled the boom in the first place.

No, they shouldn't worry, but they should be concerned because homeownership become less affordable as mortgage rates rise regardless if home prices level off or even go down!

Whether you are a move - up buyer or first - time buyer, waiting to purchase your next home based on the belief that prices will fall because of rising mortgage rates makes no sense.

Moral of the Story: Leverage the market because you will NEVER catch up to the rising real estate prices on your own... even if you can't afford the $ 1 million home, buy what you CAN afford TODAY...

«Even with rising home prices, affordability remains historically favorable because home prices over-corrected during the downturn.

«The turn in home prices is important, not only because the housing industry is an important employer, but also the wealth effect created by rising home prices can lift consumer spending on other big - ticket items,» said Steven Ricchiuto, chief economist at Mizuho Securities in New York.

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.