Sentences with phrase «highest affordability levels»
Among those pluses: record - low fixed interest rates for mortgages and the highest affordability levels since record - keeping began in the 1970s.
http://rismedia.com/ Not exact matches
According to Freddie Mac's recent news release: «Historically speaking [we are] moving from very high levels of affordability to high levels of 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.»
Buoyant demand in this market stems from the high level of vehicle affordability — in part a consequence of the appreciation of the Australian dollar — and generally favourable financial conditions.
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.
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.
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.
Compact crossovers are ideal for customers who want a ride that combines a high level of affordability with the fuel efficiency and drivability of a sedan and the interior space and ground clearance of an SUV.
High Value — For customers seeking full - size truck capability and the highest level of affordability, the Work Truck (WT), Custom and Custom Trail Boss trims offer two proven engine and transmission combinations:
«We've leveraged our renowned engineering for high - end computing and graphics to deliver a truly revolutionary new level of performance and affordability,» said Chip Lowell, Vice-President of Sales and Marketing for Velocity Micro.
The advantage is obviously that there is no need to come up with any large sum in the form of a down payment, but this also means that debt is higher, interest is more, and the level of affordability is less.
«Despite signs of deterioration, affordability levels in Toronto remain close to their long - term averages, indicating that the cost of owning a home has not yet reached dangerously high levels in the GTA,» says Robert Hogue, senior economist, RBC.
«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.
Other co-benefits have to do with obviously just higher density leading to more land conservation and lower water demand (which are a big issue out here in the west), and lower levels of infrastructure investment, which translates back into affordability, not just for the climate change solution, but more affordability for everyday life.
The difference is that the awareness levels are much higher in the western world and it is also more about affordability.
At a starting price of only $ 249, the GeForce GTX 760 ushers in a new level of performance, features and affordability, so gamers can experience today's most graphically demanding titles with all the eye candy turned high.
«Home prices are at peak levels in many major markets and the appreciation is being driven by a number of dynamics — high demand, stronger employment, lean supplies and affordability — that will continue to play out in the coming years.
«The prices also hurt affordability as higher prices and mortgage rates shrink the number of households that can afford to buy at current price levels.
Small wonder: Housing affordability is at its highest level since we started keeping records in 1970, and interest rates are at significant lows.
Single - family housing affordability: Lack of inventory, higher rents and home prices, difficulty saving for a down payment and investors weighing on supply levels by scooping up single - family homes have all lead to many markets experiencing decaying affordability conditions.
In its report, Inman News scanned metro areas with populations over 150,000 to find where real estate sales volume is rising, job markets are growing, foreclosure activity is low, sales prices are appreciating, and home affordability is at high levels.
«Affordability will be the name of the game over the course of 2017, as the past few years of relatively impressive price growth have pushed home prices closer to the peak levels of 2006, with several markets reaching above and beyond to all - time highs,» Villacorta says.
High levels of student debt and stagnant career opportunities have long kept millennials sidelined from the real estate market and, even with recent improvements in the labor market, affordability continues to be a major concern.
«Indianapolis tops our list of the best cities for renters this year thanks to astonishingly low average monthly rents and astonishingly high levels of affordability.»
Currently housing affordability is at a very high level according to the California Association of Realtor's Economist.
«The markets on this list range from big cities with older housing stock, big and mid-size cities with substantial levels of new construction, and up and coming markets appealing to young professionals for their job growth and high affordability.
While Des Moines may seem like an odd addition, its incredibly high affordability and high levels of home ownership among millennials set the stage for strong housing performance next year.»
A low tax base and no State income tax are contributing factors to this movement, as are Nashville's higher level of living standards and affordability.
In high cost metropolitan areas, housing affordability has reached critical levels due to significant barriers to new development and some of the largest increases in housing costs.
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.
Historically speaking, that's moving from very high levels of affordability to high levels of affordability.
At the national level, more than 70 % of the deterioration in affordability was due to higher interest rates; in Toronto, it was 90 % (top chart).
The typical warning signs — excessive debt levels, poor quality loans, exponentially increasing home prices, rising vacancy rates and / or poor affordability compared to the past, and a high number of internet searches on house flipping — are not present.»
Between 2006 and 2012, home prices registered consistent declines, and affordability rose from 40.4 % in 2006 to 77.5 % by 2012, the highest level since 2000.
«Most of those owners also will be buying another home, but higher levels of new home construction going into 2014, combined with some reduction in demand from less favorable affordability conditions, will help to moderate price growth to more sustainable levels.»
Home affordability has been at its highest level in the past three quarters since 1970, according to the National Association of REALTORS ®» affordability index.