Sentences with phrase «during the housing boom in»

During the housing boom in the early to mid-2000s, underwriting standards were comparatively loose, allowing many people to take out home loans even though they lacked the means to repay them.

The national homeownership rate is below 64 percent, which Baker described as «below historic levels,» after peaking at 70 percent during the housing boom in 2005 - 2006.

«Many buyers during the housing boom in the early 2000s took on large and risky financial commitments facilitated by relaxed borrowing standards and the belief that house prices would continue to appreciate.

The share of Americans owning their homes has been on a downward trajectory since its 2004 peak during the housing boom in the mid-2000s.

Not exact matches

«The apprehensions series displays spikes that coincide with well - known episodes of increased illegal immigration into the United States, such as after the financial crisis in Mexico in 1995 or during the U.S. housing boom in the early 2000s,» they write.

Just as baby boomers took over business, politics, and the consumer economy during the 1980s and»90s, millennials currently in their mid-20s will make up the majority of jobs and big - ticket purchases such as houses and cars, Slok wrote in a recent brief, which was first reported by Axios.

Home prices in St. George went through the roof during the housing boom, at one point rocketing up more than 40 % in a year.

The authors explain that during the nation's housing boom of 2000 - 06, home prices in Binghamton, Buffalo, Elmira, Rochester, Syracuse and Utica did not appreciate as rapidly as the national average, although prices in Albany, Glens Falls and Ithaca outpaced it.

Upstate New York added relatively few jobs in housing - related sectors (e.g. construction and sales of consumer durable goods) during the boom years;

Following the financial crisis of 2008, the government passed new laws circumscribing how lenders could be compensated, and public pressure provided an additional incentive for lenders to reign in the practices that had made them rich during the housing boom.

House prices reported by the Standard and Poor's / Case - Shiller show the same dynamics as the FHFA index, sharply rising prices during the boom followed by steep declines and finally recovery beginning in 2012.

In many of these cities, house values have risen above the peak levels seen during the last housing boom.

Replacement demand is the largest component of Whirlpool's sales, so an aging base of appliances in the U.S. should lead to further revenue growth as products purchased during the housing boom reach the end of their useful lives.

Home prices in Seattle, for example, are currently 12 % higher than they were during the housing boom of the early to mid 2000s.

When Americans have more money, they tend to buy more and bigger houses, and GDP per capita is far higher than it was during the baby boom and has been increasing steadily (until the current recession) and will doubtless do so in the future.

Reba's real estate is worth a fortune in the overheated Chicagoland housing market, and Servant King's property has tripled in value during the recent housing boom.

Hence Rabbit's constant remembrance of things past: his fading stardom as a high school basketball hero in Mt. Judge, Pennsylvania; his youthful marriage to the store - clerk Janice Springer; their many sexual felicities and infidelities; the deaths that each so horribly caused in their own house; their moral enmeshment in the lives of their friends and families, especially their elderly parents and their own son Nelson; Rabbit's jobs as a typesetter and car dealer, and now Janice's belated career in real estate; their financial prosperity during the boom of the «70s when they bought vacation homes in Florida and the Poconos; now their fear of economic ruin amidst the coming Depression.

Daly, who exploded onto the golf scene by winning the PGA Championship in 1991 and whose booming game made him immensely popular with fans and the media, was arrested for assault on Dec. 23 for allegedly throwing his wife, Bettye, against a wall during a rampage in which he also tore up the couple's house in Castle Rock, Colo..

The lobbying that led up to a deal for 1.42 acres in the 900 block of West Adams Street demonstrates the hurdles faced by a city trying to find open space during an extended housing boom.

Destruction of thousands of houses during WW2 sparks major boom in council housing, shaped by New Towns Act 1946 and Town and Country Planning Act 1947

The Capital Region town of Bethlehem is facing a potential housing boom with more than 1,200 units in the construction pipeline, new town supervisor David VanLuven said during his «state of the town» address.

The town of Bethlehem is facing a potential housing boom with more than 1,200 units in the construction pipeline, new town supervisor David VanLuven said during his «state of the town» address Monday.

I was hired back in 2007 during the housing boom here, to name a golf course out in eastern Oregon, which is where the Meek's Cutoff story takes place», said Raymond.

During the housing boom, lenders didn't require much in the way of documents.

While others participated in investor - owned markets or were exposed to exotic mortgages such as option - ARMs and interest - only loans, and while some tolerated lax underwriting standards, FHA stuck to the basics during the housing boom: 30 - year, fixed rate traditional loan products with standard underwriting requirements.

HELOCs soared in popularity during the housing boom.

«The bank regulators have been criticized for failing to stop unsafe lending during the housing boom and for pre-empting state attempts to rein in predatory lending.

Repurchase demands for loans originally sold off during the housing boom are in the billions of dollars for many lenders — and still growing.

I don't see clients arguing over who gets to keep the house, or the car, because there isn't any equity in either anymore (unlike during the real estate boom) or when incomes were higher and everyone owned their cars outright.

It seems crazy in hindsight, but this was considered business as usual during the housing boom.

Now that the so - called housing bubble has burst and property values, especially for single - family homes, have readjusted, they find themselves in houses that are not worth the mortgage that was originally used to pay for them during the housing boom.

In the past, during the housing boom, a borrower could simply state his or her income.

Last year, they accounted for about 9 % of the volume of all mortgages made in the U.S. and were especially popular in California, Florida and Nevada — states where home prices rose the most during the housing boom and are now falling most sharply.

However, if the local market experienced high appreciation (a big housing development came in, a big company announced huge expansions and new high paying jobs nearby, etc), then the short time period isn't quite so unusual - especially during boom times.

Add to that the fact that during the housing boom, many of them had to pay ridiculous amounts of taxes for homes they had lived in most of their adult lives.

In a cash - in refinancing, something practically unheard of during the housing boom earlier in the decade, the homeowner pays down their mortgage balance at closinIn a cash - in refinancing, something practically unheard of during the housing boom earlier in the decade, the homeowner pays down their mortgage balance at closinin refinancing, something practically unheard of during the housing boom earlier in the decade, the homeowner pays down their mortgage balance at closinin the decade, the homeowner pays down their mortgage balance at closing.

But house prices, while setting records and sitting among the most expensive in the country, have not grown as much over 10 years as other metros like Dallas, Houston, and Austin, which had less of a run - up during the housing boom of the mid-2000s.

It began as the term «Urban Market» used by the advertising industry to define members of the Hip Hop buying public, and now has been retrofit by the auction houses for use in their large generalized auctions that began to appear during the Street Art boom of the last decade.

More than 2,500 Lustrons were built starting in 1949 during the post-World War II housing boom, when the demand for housing by returning GIs outstripped supply.

My business partner and I had invested in oil and gas in North Dakota during the last oil boom, in 2010, and could never find housing when we went there.

NAR President Gary Thomas, broker - owner of Evergreen Realty in Villa Park, Calif., says market conditions today are vastly different than during the housing boom.

House Flipping is making a comeback in places such as Las Vegas and Miami, which saw high levels of flipping activity during the previous boom.

That's because so many borrowers there, facing high housing costs, turned to risky subprime loans during the boom and now are in trouble as rates reset to levels they can't afford.

During the housing boom, ARMs made up 45 percent of mortgages issued in 2006.

During the boom period, especially between 2010 and 2013, housing prices soared at 11 - 13 percent per annum, and up to 18 percent in certain areas.

Younger consumers came of age during the housing boom and bust, and while they're still interested in and enthusiastic about home ownership, they want someone who will be a knowledgeable, trusted advisor in their real estate transaction, she said.

About one in four boomers say they likely will buy a second home to use during their retirement years, such as a vacation or beach house.

In 2003, during the last housing boom, I became a mortgage broker and focused on working with real estate agents.

Both spoke at a press conference on housing preferences for millennials, Gen X, boomers and seniors held recently during the NAHB International Builders» Show in Las Vegas.

On the plus side, overall market conditions look much healthier and sustainable now than during the late 1980s housing boom when prices consistently posted advances well in excess of cost pressures or supply fundamentals, suggesting greater speculative activity, says the report.