Sentences with phrase «decrease home affordability»

While a bump in mortgage rates can decrease home affordability, it's important to remember that a mortgage rate in the 4 to 5 percent range is still historically low.

Not exact matches

Rising home prices, despite an increase in the national family median income ($ 67,723) 4, slightly decreased affordability in the third quarter compared to the third quarter of last year.

Rising home prices and higher mortgage rates caused housing affordability to decrease by 15.9 percent from last year.

A decrease in affordability will cause some concern about home values.

As home mortgage interest rates rise look for less bargains as affordability decreases across the country.

Yet, in spite of decreased prices of homes, housing affordability remains a major concern.

Housing affordability decreased in the third quarter as home prices and mortgage rates were on the rise and put housing out of reach for more families, according to the National Association of Home Builders / Wells Fargo Housing Opportunity Inhome prices and mortgage rates were on the rise and put housing out of reach for more families, according to the National Association of Home Builders / Wells Fargo Housing Opportunity InHome Builders / Wells Fargo Housing Opportunity Index.

A decrease in home prices and caps on tax deductions, among other effects, will lower affordability in some high - tax states.

«While rising rates provoke buyer anxiety and decrease affordability, the desire to purchase a home is driven by income and family changes and will likely remain untouched by rising mortgage rates,» Vivas said.

Even though a half percentage point boost in mortgage rates still keeps rates near their historic lows, it could decrease mortgage eligibility and home affordability for some prospective homebuyers, especially lower - income and first - time homebuyers.

Also covered are the drop in the number of homebuyers as home affordability continues to decrease, the president's first draft on tax cuts...

With all of these changes on the market expected, home affordability is projected to decrease by 5 to 10 percent.

The net result of this shortage of housing supply has been a sharp increase in home prices and an equally sharp decrease in affordability, leaving millions of would - be homeowners on the sidelines.

All else constant, home price appreciation can lower affordability, while decreases in home prices can raise it.

Although affordability is bound to decrease, compared to historic values and interest rates, home affordability is still very good.