The median down payment was the lowest since 2009 but still far above
the levels during the housing boom, when nearly half of first - time buyers made no downpayment at all.
The Phoenix housing market is on fire, driven by strong economic growth, once in a generation affordability levels, and a surge in investment activity that far surpasses
the levels during the housing boom.
Not exact matches
Get a free San Diego mortgage rate quote Over the last few years, San Diego home prices rose steadily and approached the peak
levels seen
during the last
housing boom.
Over the last few years, San Diego home prices rose steadily and approached the peak
levels seen
during the last
housing boom.
Despite the significant price gains of 2016 and 2017, the Phoenix
housing market is still well below the peak price
level reached
during the last
housing boom.
In many of these cities,
house values have risen above the peak
levels seen
during the last
housing boom.
The national homeownership rate is below 64 percent, which Baker described as «below historic
levels,» after peaking at 70 percent
during the
housing boom in 2005 - 2006.
House Flipping is making a comeback in places such as Las Vegas and Miami, which saw high
levels of flipping activity
during the previous
boom.
That's because so many borrowers there, facing high
housing costs, turned to risky subprime loans
during the
boom and now are in trouble as rates reset to
levels they can't afford.
Even as median home values close in on peak
levels reached
during the
housing boom, some people still face a long wait before returning to a positive balance on their home loans.»
In many of these cities,
house values have risen above the peak
levels seen
during the last
housing boom.
The
level of
housing starts in June was less than a third of the peak reached
during the
housing boom.