Sentences with phrase «percent during the 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.

Historically home sales have averaged a rate of about 6 percent of the housing stock each year but rose to 9 percent during the housing boom then dropped to 4 percent with the housing crisis.

Not exact matches

However, during the housing boom that percentage spiked to 21 percent of all loans between years 2004 to 2006.

During the housing boom, ARMs made up 45 percent of mortgages issued in 2006.

During the boom period, especially between 2010 and 2013, housing prices soared at 11 - 13 percent per annum, and up to 18 percent in certain areas.

«For the year, the median down payment for loans secured by single - family homes and condos was 6 percent of the median sales price nationwide, the lowest down payment percentage since 2012, but still close to twice the 3.3 percent in 2006 during the last housing boom.»

During the housing boom, home sales increased up to about 9 and then plummeted down to around 4 percent.

To obtain a long - run view of housing prices that is not overly driven by transitory factors, e.g. the extent of fluctuation during the 2000s boom and bust, housing price growth is taken as the percent change in the ten year average of the inflation - adjusted indices during the decade from 2005 to 2014 and similarly during the decade from 1975 to 1984.

In San Francisco, condo prices are 11 percent higher than during the housing boom peak in 2006 — and 73 percent higher than at the bottom of the market in late 2011.

During the housing boom, few refinancers even considered shorter - term mortgages, which made up just 10 percent of all refis in 2006.

Lenders are no longer tripping over one another to hand 100 percent loan - to - value loans to borrowers as they did during the housing boom.

Behind the affordable conditions are low interest rates, which today are below 5 percent, and home prices that, while rising in some areas (like booming North Dakota), remain quite a bit below their peak during the housing boom.

NAR analysts think that's a reasonable assumption given the 56 percent rise the federal mortgage insurance agency has seen since private lenders pulled back on their subprime offerings, which had cut into the FHA's market share during the housing boom.