Sentences with phrase «record high affordability»

«The underlying factors for improving sales are developing, such as rising rents, record high affordability conditions and investors buying real estate as a future inflation hedge.

«The recovery is occurring despite excessively tight credit conditions and higher downpayment requirements, which are negating the impact of record high affordability conditions,» Yun says.

Not exact matches

The Commerce Department has imposed tariffs averaging more than 20 % on Canadian lumber shipments into the U.S. that have driven lumber prices to record highs and harmed housing affordability.

Interest rates have plummeted to record lows and that increases affordability for first time home buyers in New Jersey, New York and Connecticut which helps out significantly in the high cost areas.

Combined with record - high home prices, housing affordability is already suffering in these markets and will only worsen as rates climb.

Meanwhile, home affordability is at record highs, which means that buying a home is more within reach to the median income family.

Also, the new millennium will be a considerably different place, single - family homes hit a record - high, and affordability gains.

Again, the Midwest held the highest homeownership rate at year - end, at 68.7 percent — a clear outcome, given its affordability relative to the rest of the U.S. (According to the National Association of REALTORS ®, in December, the median Midwest price was $ 191,400 — below the fourth quarter median national price recorded by the Census: $ 197,000.)

Boosted by steady economic growth, low unemployment, and strong affordability conditions, December sales of existing single - family homes hit a record - high seasonally adjusted annual rate of 5.03 million units, 3.1 percent higher than the revised November figure of 4.88 million units.

Small wonder: Housing affordability is at its highest level since we started keeping records in 1970, and interest rates are at significant lows.

«Word has been spreading about the record high housing affordability conditions and our members are reporting an increase in foot traffic compared with a year ago,» he said.

2009 Florida Realtors President Cynthia Shelton states that, «Housing affordability is at its peak and the highest on record: Along with still - low mortgage rates, it means that the buying power of a typical family has never been better.»

Freddie Mac recently released the results of its Primary Mortgage Market Survey ®, showing mortgage rates easing to new all - time record lows for all products covered in the survey helping to keep homebuyer affordability high.

With housing affordability at record highs, real estate professionals are hoping this year's REALTOR ® Nationwide Open House Weekend event will be a big jump - start to the spring buying and selling season for housing markets across the country.

«Housing affordability conditions are at a record high and there is a pent - up demand from buyers who've been on the sidelines, but contract failures have been running unusually high.

Freddie Mac (OTC: FMCC) recently released the results of its Primary Mortgage Market Survey ® (PMMS ®), showing fixed mortgage rates at or near their all - time record lows, helping to keep homebuyer affordability high.

Freddie Mac recently released the results of its Primary Mortgage Market Survey ® (PMMS ®), showing fixed mortgage rates easing slightly and remaining near record lows to keep homebuyer affordability high and attractive to those looking to refinance.

Mortgage rates continue to hover around record lows and with falling home values, affordability is at record highs.

Among those pluses: record - low fixed interest rates for mortgages and the highest affordability levels since record - keeping began in the 1970s.

They can still take advantage of the lower interest rates, motivated sellers, and get in the market while it is setting record highs for affordability through a conventional equity sale.

«With record high housing affordability conditions thus far in 2011, we'd normally expect to see stronger home sales,» he said.

«Housing affordability conditions have been at a record high this year, rents are rising and homes are selling for less than the cost of construction in most of the country,» he said.

NAR's Housing Affordability Index stood at 183.8 in the third quarter, the second highest on record after the first quarter of 2011.

California housing affordability hit a record high of 56 percent in first quarter of 2012.

For all of 2012, NAR projects the housing affordability index to be a record high 194, up from 186 in 2011, which was the previous record.

NAR's Housing Affordability Index stood at 176.6 in the second quarter, the third highest on record after the first quarter of 2011 and fourth quarter of 2010.