Sentences with phrase «eroding home affordability»
If that pattern continues, it will help turn the tide in the eroding home affordability trend.»
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While historically low rates are helping to offset the faster appreciation of home prices relative to incomes, a higher mortgage rate would erode affordability under these conditions.
«With interest rates on the rise, housing affordability and home sales activity are expected to continue to erode over the second half of 2010,» he says.
In British Columbia and Ontario, this trend reflects eroding affordability for single - family homes.»
Current inventory conditions are also eroding affordability, especially for first - time homebuyers in the market for starter homes, which would require 39.1 percent of their monthly income.
While historically low rates are helping to offset the faster appreciation of home prices relative to incomes, a higher mortgage rate would erode affordability under these conditions.