«Thanks to very low mortgage rates, monthly mortgage payments are affordable for the average household despite
currently high house prices,» says Sean Becketti, chief economist at Freddie Mac.
Not exact matches
Canada
currently supplies over 1/3 of U.S. lumber consumption and if the current rate of growth in
housing starts continues, the U.S. will need to increasingly rely on
higher -
priced imported lumber from outside of North America to fulfill their needs if they impose a quota restriction on Canadian lumber.
Home
prices in Seattle, for example, are
currently 12 %
higher than they were during the
housing boom of the early to mid 2000s.
The biggest threat is a drop in local
housing prices, a very real possibility in many Canadian cities where the ratio between property
prices and rents is
currently at an all - time
high.
We are
currently well short of targets and this is contributing to
higher house prices in certain area.»
With Queens University a LOT of the rentals are student oriented, but very few
houses are
currently for sale for this segment (4 + beds) and
prices are quite
high for old properties.
The average purchase
price is
currently very
high, making investing more difficult — even though demand for rental
housing is strong and the rents that tenants are willing to pay are rising.
In Orlando — another pre-2008
housing top performer — media home
price is
currently still down 16 % vs. pre-bubble
high.
Home
prices in Seattle, for example, are
currently 12 %
higher than they were during the
housing boom of the early to mid 2000s.