Sentences with phrase «local home affordability»
It was the best showing for local home affordability since the first quarter of 2014, because of a decline in home prices and mortgage interest rates.
http://www.chicagotribune.com/ Not exact matches
2015.03.03 Canada's housing affordability slips overall, masking diverging local conditions in Q4 2014: RBC Economics Strong home price increases in Ontario biggest factor in erosion...
The council say the HDP seeks to improve the quality, choice and affordability in the private rented sector, while providing a mixed tenure of homes: — 50 % private market rental — 35 % affordable rent and shared ownership in line with local planning policy — 15 % sold to the private market on completion.
Affordability is vital, because when residents can no longer afford local homes, prices stop rising.
There are dozens of manufactured homes on the local market as more and more Austin residents turn to this style of housing because of its affordability and convenience.
Earlier this month, NAR reported new home construction activity is currently insufficient in most of the U.S., and some states could face persistent housing shortages and affordability issues unless housing starts increase to match up with local job creation.
«The glaring need for more new - home construction is creating an affordability crisis that needs to be addressed by policy officials and local governments,» Yun says.
The NAR also belongs to a coalition aiming to preserve a federal deduction for state and local taxes paid, which they say protects home - affordability.
Unless these challenges subside, RCG forecasts that affordability will fall by an average of nearly 9 percentage points across all 75 major markets between 2016 and 2019, with approximately 5 million fewer households able to afford the local median - priced home by 2019.
Note that population in these metros started to slow before the bubble reached its height in 2006, as rising prices hurt affordability, and continued when the bubble burst as people lost their homes and local job markets suffered.
In addition, RAHB is an active participant in the Home Ownership Affordability Partnership (HOAP) and holds an annual auction in support of local charities.
The survey asked 10,000 renters and homeowners about the condition of their local real estate market, their expectations for home value growth and affordability in the future, and their aspirations for homeownership.
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«This study highlights the real effects that building regulations have on housing affordability,» says NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del. «Local, state and federal government officials need to know that higher regulatory costs have real consequences for working American families.
Top millennial home buying hot spots include Salt Lake City, Miami and Orlando, which attract millennials either due to a strong local economy, relative affordability, or both.