Sentences with phrase «despite rising housing prices»

Despite rising house prices, Canada's housing affordability improved in the second quarter of 2005 as the dip in mortgage rates to multi-year lows offset the higher prices, says the latest Housing Affordability Index from RBC Economics.

Not exact matches

China's growth over the same period was 6.9 %, unchanged from the first three months of the year, with the property sector a notable area of strength, as house prices continued to rise despite measures by the Chinese government to cool the country's housing market.

Despite recent concerns about Canadians» high personal debt and rising interest rates, Sal Guatieri, a senior economist at BMO Capital Markets, told Bloomberg that «mortgage rates are still near historical lows and this, combined with an expected cooling in house prices, will help support affordability for Canadians.»

Despite the rising prices commonly frequently seen in walkable areas, those communities are inherently more affordable since individuals living in walkable areas usually spend about 43 percent of their income on housing and transportation, as opposed to those living in non-walkable areas, who spend about 48 percent.

«Despite persistent inventory shortages, the housing market has made great strides this year, backed by an increasing share of pent — up sellers realizing the increased equity they've gained from rising home prices and using it towards trading up or moving into a smaller home,» says Yun.

Nevertheless, despite the potential for interest rates to rise, the current lower house prices, rising rents and improving bond deals are tempting investors once more.

«This measure shows that low mortgage rates are keeping housing very affordable despite housing prices rising faster than income.»

Despite the rise in interest rates and run - up in home prices earlier this year, housing affordability remains intact, which should continue to benefit the housing market as consumers regain their confidence.

Despite rising home prices, American housing is actually quite affordable.

Yet despite low mortgage rates luring prospective homebuyers, the housing market has remained hampered by tight mortgage credit, rising home prices and thin supply of homes on the market.

Despite tight housing inventories and rising home prices, the homeownership rate rose slightly in the third quarter and reaching the highest level since 2014, the U.S. Census Bureau reported Tuesday.

During this same period, Millennials also expressed weaker confidence in the health of the housing market, despite rising home prices:

This is despite the fact that the housing sector, which has become a bright spot in the economy since home prices began to rebound in 2012, is expected to provide a rising contribution to GDP in 2013 and in coming years.

In this week's economic review, mortgage rates held after rising for the past several weeks, consumer prices saw a minimal gain, retail sales fell, and housing starts and permits dropped despite strong builder confidence.