Sentences with phrase «high affordability index»

Term life does have drawbacks, such as it may not cover you for long enough, but given its low cost and high affordability index, it solves a lot of consumers problems for a low low price.

Not exact matches

And, despite historically low interest rates, affordability measures such as the RBC Housing Affordability Index, which measures home ownership costs as a percentage of household income, remain stuaffordability measures such as the RBC Housing Affordability Index, which measures home ownership costs as a percentage of household income, remain stuAffordability Index, which measures home ownership costs as a percentage of household income, remain stubbornly high.

Nothaft put the mortgage rate increases into perspective: «For example, with fixed - rate loan rates up by 0.5 [percentage point] since last summer, and house prices in national indexes up at least 5 percnet, the monthly principal and interest payment is more than 10 percent higher than it was last summer, adding to affordability challenges for first - time buyers.»

Nationwide housing affordability held near historic highs in the first quarter of 2013, according to the NAHB / Wells Fargo Housing Opportunity Index (HOI).

NAR projects the affordability index for all of 2012 will be at an annual high, with little movement in mortgage interest rates or home prices during the year.

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 Raffordability 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 RAffordability Index from RBC Economics.

Today's affordability index is still higher, and, again, the higher the better, than... [Read more...]

According to the National Association of Realtors» housing affordability index, affordability in the Houston area is still relatively high.

According to NAR's Housing Affordability Index, the U.S. experienced historic highs in housing affordability over the past sAffordability Index, the U.S. experienced historic highs in housing affordability over the past saffordability over the past several years.

«It is noteworthy that affordability remains historically high thanks to favorable mortgage rates even as national home price indexes show some rise in values.»

«Movements in the index have been uneven, reflecting the head winds of tight credit, but job gains, high affordability and rising rents are hopefully pushing the market into what appears to be a sustained housing recovery,» Yun says in a statement.

«Though we have seen a modest drop in affordability in the second quarter, the [index] is still fairly high by historical standards,» says Robert Dietz, NAHB's chief economist.

NAR's Housing Affordability Index stood at 183.8 in the third quarter, the second highest on record after the first quarter of 2011.

This month's decrease in median price has led to an increase in Orlando's affordability index: The October index of 258.44 percent is seven points higher than September 2012's index of 251.25 percent.

«With the current high consumer confidence numbers and low unemployment rate, affordability trends do not suggest an immediate reversal in home price trends,» added David Blitzer, chairman of the Index Committee at Dow Jones Indices.

NAR's affordability index is at its highest level ever, at nearly 170, which means households earning the national median income have 170 percent of the income needed to buy a home at the national median price.

Home affordability has been at its highest level in the past three quarters since 1970, according to the National Association of REALTORS ®» affordability index.

For all of 2012, NAR projects the housing affordability index to be a record high 194, up from 186 in 2011, which was the previous record.

NAR's Housing Affordability Index stood at 176.6 in the second quarter, the third highest on record after the first quarter of 2011 and fourth quarter of 2010.