Sentences with phrase «home affordability remains»

According to a national foreclosure blog, home affordability remains unprecedented in Cincinnati, OH.

Today, that number is down to 63.4 %.4 While home affordability remains a question for many Americans, the downward trend in homeownership corresponds to banks» tighter credit standards following the Great Recession.

Not exact matches

TORONTO, March 30, 2017 - While home ownership costs remained historically elevated in Canada, they levelled out in the fourth quarter of 2016 after climbing steadily for a year and a half, according to the latest Housing Trends and Affordability Report issued today by RBC Economics Research.

Housing affordability changed very little in Ontario in the second quarter and homebuyers did not appear to be overly concerned by the fact that affordability remained somewhat stretched for single - family homes.

2017.03.30 Housing affordability trends in Toronto and Vancouver diverge: RBC Economics While home ownership costs remained historically elevated in Canada, they levelled out in the fourth quarter of 2016 after climbing steadily for a year and a half, according to the latest Housing Trends and Affordability Report issued today by RBC Economicaffordability trends in Toronto and Vancouver diverge: RBC Economics While home ownership costs remained historically elevated in Canada, they levelled out in the fourth quarter of 2016 after climbing steadily for a year and a half, according to the latest Housing Trends and Affordability Report issued today by RBC EconomicAffordability Report issued today by RBC Economics Research...

RBC's affordability measures fell between 0.5 and 1.5 percentage points but remained close to long - run averages, suggesting that affordability likely plays a neutral role in home buying decisions in the province.

Housing affordability generally remained stable across Canada in the fourth quarter of 2015, with the exception of the scorching Vancouver and Toronto markets where soaring home prices continued to raise the bar on homeownership...

2016.02.29 Home ownership in Canada remains affordable... for buyers outside Vancouver or Toronto: RBC Economics Q4 2015 Housing affordability generally remained stable across Canada in the fourth quarter of 2015, with the exception of the scorching Vancouver and Toronto markets where soaring home prices continued to raise the bar on homeownershiHome ownership in Canada remains affordable... for buyers outside Vancouver or Toronto: RBC Economics Q4 2015 Housing affordability generally remained stable across Canada in the fourth quarter of 2015, with the exception of the scorching Vancouver and Toronto markets where soaring home prices continued to raise the bar on homeownershihome prices continued to raise the bar on homeownership...

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.

In the short term, Freddie Mac's housing analysts expect home buyer affordability to «remain strong,» thanks in part to the favorable mortgage rates being offered by lenders these days.

This renovation will add years to the life of this complex and decades to its affordability — most important, it allows the current tenants to remain comfortably and affordably near their families and in the community they already call home.

«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 affordability of for - sale homes remains strong, which is encouraging for those buyers that can save for a down payment and capitalize on low mortgage interest rates... As rents keep rising, along with interest rates and home values, saving for a down payment and attaining homeownership becomes that much more difficult for millions of current renters.»

Housing affordability continues to remain stable across Canada, creating the perfect environment for savvy home hunters.

In its annual year - end report, CREA states: «Transactions in B.C. and Ontario are anticipated to remain strong but fall short of this year's record levels due to deteriorating affordability, an ongoing shortage of affordably priced listings for single family homes and tightened mortgage regulations.»

Yet, in spite of decreased prices of homes, housing affordability remains a major concern.

The number one homebuyer concern remains affordability, but fears over buyer competition are growing and may soon trump it, according to a new housing survey of nearly 1,000 home buyers conducted by the real estate brokerage Redfin.

Jobs are growing and interest rates remain low, but tight inventory in many parts of the country continues to drive home prices up, hurting affordability, especially for first - time buyers, who can't tap home sale proceeds to come up with a down payment.

«The recent increase in interest rates could test affordability in the short run, but the desire to own a home remains on firm ground and may ultimately help normalize the inventory issues.»

Adds Yun, «With home prices and rents continuing to rise and wages showing only modest growth, declining affordability remains a hurdle for renters considering homeownership — especially in higher - priced markets.»

The pace of existing - home sales showed an encouraging gain of 2.9 percent in April to 4.68 million units, suggesting renewed interest among buyers as interest rates remain low and affordability high.

The federal government shutdown, limited inventories and falling housing affordability have contributed to home buyers remaining on the sidelines.

The RBC Affordability Index, which measures the proportion of pre-tax household income needed to service the costs of owning a home, stands at 24.6 per cent for a standard condo, which remains the most affordable housing type.

Counties located in the greater San Francisco Bay area saw housing affordability levels either rise or remain stable depending on the county the home resided in.

«Housing affordability remains a pressing issue with home - price growth increasing around four times the pace of wages,» says Yun.

Nevertheless, affordability, overall, remained strong by the end of 2015, despite the higher home prices.

«While rising rates provoke buyer anxiety and decrease affordability, the desire to purchase a home is driven by income and family changes and will likely remain untouched by rising mortgage rates,» Vivas said.

Existing - home sales and contract signings saw strong gains in October, but both remained below year ago levels because of the persistent supply and affordability barriers in much of the country.

Despite the rise in interest rates and run - up in home prices earlier this year, housing affordability remains intact, which should continue to benefit the housing market as consumers regain their confidence.

We believe affordability remains high despite these price gains and will continue to support home ownership.

Higher wages coupled with slightly lower home prices helped the affordability rate to remain unchanged during the final three months of the year.

Current trends in the real estate market show rising home prices, yet affordability remains strong.

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

Both home prices and mortgage interest rates are expected to edge up modestly as the year progresses, but housing affordability will remain very favorable with the median - income household well positioned to afford a median - priced home.

In addition, housing affordability remains high due to historic low mortgage rates, creating pent - up demand for homes.

Among smaller housing markets, Fairbanks, Alaska, remained at the top of the affordability chart with nearly all homes sold in the quarter — 99.6 percent — affordable to those earning the median income of $ 92,900.

«While interest rates and overall housing affordability remain very favorable on a historic basis, the decline in the latest HOI is a positive development because it is another signal that the housing recovery is starting to take root, and it lends needed confidence to prospective buyers and sellers who have been reluctant to move forward in the current marketplace,» says NAHB Chairman Barry Rutenberg, a home builder from Gainesville, Fla..

«Even with rising home prices, affordability remains historically favorable because home prices over-corrected during the downturn.

Despite a higher degree of frustration in the marketplace than in previous years, the Re / Max Affordability Report found that first - time buyers, in particular, remain steadfast in their determination to purchase a home.

«Housing affordability for both buying and renting remains a pressing concern because of another year of insufficient home construction,» says Yun.

As buying a home gets more expensive, affordability remains a concern for many, and these numbers highlight just how much people are spending on housing.

Still, affordability remains the chief concern on home buyers» minds.

Still, «nationally, homes remain more affordable than pre-bubble «norms,» but it's clear that the market is now experiencing the most pressure — from an affordability perspective — since the housing recovery began,» says Ben Graboske, executive vice president of Black Knight Data & Analytics.

«Housing affordability remains strong and this is an encouraging sign as the spring home building season moves into high gear,» says NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del..

«Nationally, homes remain more affordable than pre-bubble «norms,» but it's clear that the market is now experiencing the most pressure — from an affordability perspective — since the housing recovery began,» Graboske said.