Housing affordability refers to whether people can afford to pay for a place to live without struggling financially. It means being able to find and afford suitable housing that fits within one's budget without significant financial strain.
Full definition
CAR has been publishing its traditional
housing affordability index since 1988 and described the first quarter of 2012 as the most affordable quarter yet.
On the other hand, a spike in interest rates could hurt
housing affordability for entry - level buyers at a time when the supply of starter homes has been suppressed.
We primarily focus on what a single teacher can afford, but we do briefly consider how the calculation
of housing affordability changes for two - income earners.
Higher rates can have a negative impact
on housing affordability and may decrease marginal demand, especially if interest rates move significantly higher over today's levels.
This money would have gone a long way to address
housing affordability issues either through targeted investments in new affordable housing stock or perhaps through investments in boosting rental housing construction.
Let's hope this is a sign that the general economy is improving, since that's the only way we'll keep
seeing housing affordability percentages increase.
Our region's
poor housing affordability inhibits our ability to attract and retain talented workers, which directly affects the ability to grow businesses.
The majority of it will expand on the current focus of funding renovation and repair of existing affordable housing, as well as measures to
support housing affordability such as rent supplements.
Other common causes
include housing affordability, ecological stewardship, and the most critical nationwide issue — lack of affordable, well managed rental accommodations.
«Even with rising home prices, we'll continue to see
favorable housing affordability conditions over the coming year, but they won't last forever,» he said.
Social impact investing is gaining momentum as it achieves positive returns, like this, for preserving workforce
rental housing affordability.
New housing affordability model suggests homebuyers at many income levels could see few listings on the market in their price range in coming months.
«For those with good credit, we've never seen
better housing affordability conditions or market opportunities than we see at present,» he says.
The poll found that 60 percent of first - time homebuyers strongly agreed that they would be more likely to support a political party that
promotes housing affordability.
This recent study by Good Call shows that smaller markets can be much better places for lawyers to live than big cities from an income and
housing affordability standpoint.
The challenge of
housing affordability coupled with tight supply may be preventing overall housing sentiment from gaining momentum as income growth isn't keeping pace with the cost of housing.
Therefore, the combination of stagnant wages and rents that have increased significantly has created
acute housing affordability issues for many people.
This has a notable impact
on housing affordability and can leave consumers choosing between higher payments or lower - priced homes.
Phrases with «housing affordability»