Sentences with phrase «high housing affordability»

«With home prices in a broad trough and historically low mortgage interest rates, high housing affordability conditions and rising rents could stimulate a more rapid sales recovery if banks get back into the business of lending to more creditworthy borrowers,» Yun said.

«With record high housing affordability conditions thus far in 2011, we'd normally expect to see stronger home sales,» he said.

«Word has been spreading about the record high housing affordability conditions and our members are reporting an increase in foot traffic compared with a year ago,» he said.

«Due to high housing affordability and today's interest rates it makes sense for people to consider home ownership over renting.

Not exact matches

Using NAR's data on housing affordability, we gathered a list of the US metro areas where the minimum salary required to qualify for a mortgage, with 20 % down, is the highest.

The tax, which takes effect Tuesday, was introduced by the British Columbia government with the intent of improving home affordability in Metro Vancouver, where house prices are among the highest in North America.

«Nevertheless, simple indicators continue to suggest some overvaluation in the housing market; house prices are high relative to income and housing affordability could become a concern when interest rates begin to normalize,» it adds.

Housing affordability is calculated as a share of household income, so a higher number means housing is less affoHousing affordability is calculated as a share of household income, so a higher number means housing is less affohousing is less affordable.

«We were particularly encouraged to see fiscal discipline in light of the continued economic uncertainty seen elsewhere in Canada and the world, the establishment of a commission on tax competitiveness to evaluate current taxation instruments like the provincial sales tax, and proposed changes to the property transfer tax to start addressing housing affordability by increasing the exemption threshold and introducing a third tax rate on higher - valued properties.»

If the Fed hikes three more times (as planned), higher rates could create additional headwinds for housing with diminished affordability.

Home buyers today have historically high levels of house - purchasing power, and that's one important reason why, even as unadjusted house price growth exceeds household income growth, the talk of an affordability crisis is over-stated for now.»

The Commerce Department has imposed tariffs averaging more than 20 % on Canadian lumber shipments into the U.S. that have driven lumber prices to record highs and harmed housing affordability.

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.

If house values within the Oakland real estate market continue to rise, as expected, buyers who postpone their purchases until later in 2018 could encounter higher costs and reduce affordability.

Although a large part of this activity probably reflects the desire to complete construction prior to the introduction of the GST, other factors have contributed to the strong demand for housing, notably the relatively high levels of affordability throughout 1999.

So housing affordability is very, very low, and the housing prices are extremely high.

The Commerce Department has imposed tariffs averaging 20 % on Canadian lumber shipments into the U.S. NAHB believes the tariffs are harming housing affordability, home builders and consumers by artificially inflating lumber prices, which are running at an all - time high.

The housing recovery is being supported by an historically high level of affordability of houses which, in turn, reflects the low level of nominal interest rates.

One of the highest profile challenges facing Greater Vancouver is the deteriorating affordability of housing.

Despite its relatively high Social ranking, two factors hurt Vancouver's liveability: inadequate public transit and road infrastructure; and poor housing affordability.

Markets that RealtyTrac found have once again entered housing bubbles all have higher median prices and less affordability than they did the last time local property values peaked.

Despite the urgent need for affordable housing uptown, Jackson indicated that Sherman Plaza would not be a good deal for the community, as the affordability level of many of the units would still be too high.

After completing her master's degree in education policy and management at the Ed School, Smith became a serious «game changer» when she was appointed senior adviser for education for the White House Domestic Policy Council, playing a direct role in what some have called the Obama administration's boldest and most innovative higher education proposals including those related to college access, affordability, and completion.

«Governor Brown's approval of SB 1413 will help school districts directly address the housing affordability challenges facing teachers and reduce high turnover rates.»

Top in there industry, professional detailers like House Of Polish use Liquid Armour due to is high quality, affordability, and ease of use.

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

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.»

He supported House bills that increased affordability and transparency of higher education as well as lowered interest rates.

In an article for Reuters written by Julie Haviv: While low rates and high affordability have helped the housing market gain ground, it has struggled in recent months given stubbornly high unemployment and mounting foreclosures.

In October, the federal government implemented new measures designed to slow the housing sector, including higher affordability thresholds that borrowers have to meet to qualify for mortgages.

Neither main political party has released significant policies addressing home affordability or high house prices, despite the federal election being two days away.

And housing affordability remains high.

The quarterly housing affordability report, showed that stubbornly high prices and modestly increasing mortgage rates means an increasing number of Canadians are unable to comfortably afford homes, said the bank's economists.

The 2017 Demographia International Housing Affordability Survey gives Vancouver a rating of 11.8, meaning median home prices are 11.8 times higher than median household income.

To succeed at affordable housing, you have to be in markets that are starving for affordability; you need high single - family home prices.

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.»

Housing prices remain high based on traditional measures such as affordability and rental returns.

The facts speak for themselves in terms of affordability but what truly concerns us the most is what seems to be a very high incidence of mortgage fraud, tax evasion, and perhaps money laundering in the Canadian housing market.

«The substantially longer term of the fixed - rate mortgage enabled a lower monthly payment, in turn facilitating lower payments - to - income ratios and hence higher levels of housing affordability among moderate - income homebuyers,» Gabriel concluded.

Meanwhile, RBC said the erosion in affordability does not pose any immediate threat to the health of the Canadian housing market and that the Bank of Canada is not expected to begin nudging interest rates higher until the middle of 2015.

Now, policy makers are looking to tap the brakes on the housing booms in massive markets such as Vancouver and Toronto, in response to deep concerns about dangerously high mortgage debt loads and fast - evaporating affordability.

Rates for home loans churned even higher, setting up a test of affordability for the housing market

While the study was based primarily on economic health, it also noted that the city ranks high in education, near the top in health care, middle of the pack in environment, and surprisingly high in housing - affordability.

Combined with record - high home prices, housing affordability is already suffering in these markets and will only worsen as rates climb.

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

Turner Impact Capital takes a holistic approach to impact investing that addresses not just housing affordability but other related community needs, by building high quality charter schools and health care facilities that support the same communities where they acquire and enrich workforce housing.

That would be a good trend for housing affordability, especially in a likely higher mortgage rate environment later this year.

But bidding wars and the buying frenzy from a few months ago are showing signs of cooling, at a time when housing affordability has been reduced due to higher mortgage rates and home prices, Bloomberg reports.

«All year, the relationship between home prices, mortgage interest rates and family income has been hovering at historic highs, meaning the best housing affordability conditions in a generation,» he said.

It's the affordability factor that causes that grid of the allowance SEC 8 will pay to be a higher rent for an apartment than a single family house.