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.
Another factor that could have a negative effect
on housing affordability in the first quarter is a recent rise in mortgage interest rates.»
A new report from New York City Comptroller Scott Stringer detailing the website's
effect on housing affordability from 2009 to 2016 tried to isolate Airbnb's impact by comparing what rent growth would have been without Airbnb listings to what rent growth actually was, according to Bloomberg.
This was perhaps most evident in the Board of Trade's
report on housing affordability in the Lower Mainland, as well as its 2017 Provincial Election Engagement Strategy, which included the creation of an Election Platform and launch of an online Election Dashboard.
MCLEAN, VA --(Marketwired - Sep 29, 2017)- Freddie Mac (OTCQB: FMCC) released its Insight for September, which explores the relative influence of regulatory and geographic
constraints on housing affordability.
Using NAR's
data on housing affordability, we gathered a list of the US metro areas where the minimum salary required to qualify for a mortgage, with 20 % down, is the highest.
The Treasury Laws Amendment (Reducing Pressure
on Housing Affordability Measures No. 1) Act 2017External Link and First Home Super Saver Tax Act 2017External Link became law on 13 December 2017.
A 2015 report from the Senate Economics References Committee argues that, while negative gearing has an
influence on housing affordability, the primary issue is a mismatch between supply and demand.
Scottish economist Duncan MacLennan will be one of the international panellists participating in the City of Vancouver's re: address
conference on housing affordability later this month.
Federal Housing Programs In addition to various
presentations on housing affordability, FHA premiums, and other housing issues, NAR successfully advocated for the confirmation of Pam Patenaude as Deputy Secretary for HUD and Anna Maria Farias for HUD Deputy Assistant Secretary for Fair Housing and Equal Opportunity.
However, higher incomes are particularly helpful for home buyers saving for a downpayment and help counter the negative effect of higher mortgage
rates on housing affordability,» said NAHB Chief Economist Robert Dietz in a recent issue of Eye on the Economy.
VANCOUVER — Experts are expressing doubt a property transfer tax on foreign buyers that takes effect Tuesday will have a significant
impact on housing affordability in Metro Vancouver.
«However, higher interest rates, a dearth of housing inventory and slow wage growth will continue to have an adverse
effect on housing affordability that is putting upward pressure on home prices and is sure to hamper the market throughout the year.»
MCLEAN, VA --(Marketwired - Sep 29, 2017)- Freddie Mac (OTCQB: FMCC) released its Insight for September, which explores the relative influence of regulatory and geographic
constraints on housing affordability.
Royal Bank publishes detailed
research on housing affordability (% of pre-tax household income devoted to home ownership including mortgage payments, taxes and utilities), which reveals that affordability at 34.2 % is still at historical lows across Canada.
«Policies to further boost homeownership by stimulating demand would exert more pressure on home prices, with little or no positive impact
on housing affordability.»
Senator Betty Little, Chair, Senate Committee on Housing, Construction and Community Development, «Energy costs are a significant share of a family's household budget and have a direct impact
on housing affordability.
More than 100 housing experts recently surveyed by Zillow said rising mortgage rates stand to have the most impact on housing, underscoring a general concern about their effect
on housing affordability.
Research by NAHB illustrates the effect that higher mortgage rates would have
on housing affordability.
Peter Coyle's article
on housing affordability was published in the Friday, April 6 edition of the Minneapolis Star Tribune.
Under NAR - backed legislation pending in both houses, the delay would last until FEMA completes a study it's required to give Congress on the impact the phase - out will have
on housing affordability.
«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.
According to a study performed by Trulia and UtilityScore, utility bills can have an enormous impact
on housing affordability, particularly in less expensive areas.