Sentences with phrase «recorded lower home prices»
«Four out of five metropolitan areas recorded lower home prices in the third quarter from a year earlier, while existing - home sales fell in 32 states from the second quarter, according to the latest quarterly survey by the National Association of Realtors ®.»
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Buyers are out in force, but home prices are high and there is record low supply of homes for sale in most major markets.
Not only is the unemployment rate at a record low, but businesses say sky - high rents and home prices are hobbling their recruitment efforts.
In Washington state, where the supply of homes for sale is at the lowest on record, home prices are up 12 percent annually.
FHA loan rates are hovering near record lows, and home prices in many regions are not heating up as fast as expected for the busy summer buying season.
Demand for home loans is low, home prices are affordable in many areas, and mortgage rates have reached record lows.
House prices are going up in many parts of the United States and home equity loan rates have hit record lows.
Yes, interest rates play a significant role, but as Porter and Kavcic point out in their report: «record low borrowing costs are the most obvious factor behind lofty home prices, [but] the fact that the surge in prices is so heavily concentrated in just two cities (and their environs) means that there are other important factors at play as well.»
Fueled by record - low interest rates and housing inventories, home prices in the United States hit another all - time high in 2017.
With low prices and record - low interest rates, home affordability in 2012 was the most favorable since 1970, he said.
The California home sales remain flat, but with sales prices down and San Diego mortgage rates at record lows, 2010 looks like a great year for buying a home in Southern California.
Home prices are at record lows, but a home will still likely be the largest investment you will ever mHome prices are at record lows, but a home will still likely be the largest investment you will ever mhome will still likely be the largest investment you will ever make.
We fail to recognize that record low rates helped to inflate home prices, making «a reliance on housing unwise,» says Tal.
«It is yet another sign that old and polluting technology is losing out to demand side response and distributed capacity, at the same time as the capacity market clears at a record low price to ensure security of supply at low cost for homes and businesses.
Cautions Yun, «Looking ahead, it's unclear if this current sales pace can further accelerate as record high stock prices, near - record low mortgage rates and solid job gains face off against a dearth of homes available for sale and lofty home prices that keep advancing.»
The housing market's high / low dynamic continued uninterrupted at the start of the spring homebuying season, with home prices hitting another record high and inventory still low in March, according to a data preview from realtor.com ®.
NAR's housing affordability index shows the typical monthly mortgage principal and interest payment for the purchase of a median - priced existing home is only 13 percent of gross household income, the lowest since records began in 1970.
Despite solid interest in buying a home — sparked by steady job gains, record low mortgage rates and higher rents — the severe drought in housing supply in much of the country over the past year accelerated price growth and kept many first - time buyers out of the market.
«Record low mortgage interest rates, job growth and bargain home prices are giving more consumers the confidence they need to enter the market.»
This past year has given real estate agents much to be grateful for: According to NAR, existing home sales continued to improve in 2012 and in August 2012, the national median price rose year - over-year for the sixth straight month; Freddie Mac reports 30 - year fixed mortgage rates remain near all time record lows; and homebuyers have more access to home listings thanks to the mobile app home search evolution.
On average, Americans expect home prices to increase 1.3 percent over the next twelve months (the highest value yet recorded), while the percentage of Americans who say it is a good time to sell their home continued to rise to 15 percent in April (up from low, flat levels during 2011).
Eleven percent of respondents — the lowest level recorded since the survey began in June 2010 — believe home prices will drop in the next year.
Lower home prices and record - low mortgage interest rates may be attracting buyers to the housing market — more than one - fourth of renters said they are thinking more about buying a home than they were a year ago.
Regional Spotlight — Single - family home sales in Connecticut increased again in September, while prices reached the lowest level for the month in 10 years, according to the latest report by The Warren Group, publisher of The Commercial Record.
The news comes at a time when the real estate market appears poised for a comeback: Home prices and mortgage rates are nearing record lows in most areas of the country.
«It's clear that high home prices are a growing challenge helping to send buying sentiment to a record low,» Duncan says.
The winning combination of low interest rates, strong home price appreciation, and moderate job growth that drove record - setting home sales last year will continue to fuel the home - sales market this year.
«We see the median sales price of homes across the country rising every month, year - over-year, but the days on market and the supply of homes for sale hit record lows in December,» says Adam Contos, co-CEO of RE / MAX.
«Despite the steady rise in home prices in recent years, Canadians» mortgage servicing costs have remained close to record low levels — thanks to low interest rates and healthy income gains,» says Charles Lambert, managing director, mortgages at Scotiabank.
«The uptrend in home sales is in line with all of the underlying fundamentals — pent - up household formation, record - low mortgage interest rates, bargain home prices, sustained job creation and rising rents.»
Single - family home prices in Chicago's neighborhoods and Cook County's suburbs have come off the lows recorded during the depths of the housing crisis, but a great divide exists between the have and have - not communities, and affordability is under pressure in popular areas.
Despite record low inventory for the month, October home sales increased 2.5 % year - over-year and kept 2017 prices ahead of 2016, according to this month's...
The real estate market has generally been on a path toward recovery this year, with home prices pressed upward by the low inventory of homes on the market and record - low 30 - year mortgage rates, which have fallen below 4 percent.
February home prices reached a new high as steady demand combined with record low inventory drove prices up, according to this month's RE / MAX National...
Inventory is at or near record low levels within the central Puget Sound area, resulting in keen competition among home buyers and escalating prices.
That has set off bidding wars that have pushed up prices as the supply of available homes has dwindled to record lows.
No matter the influence of the Olympics on Vancouver home prices, there's no shortage of affordable new homes in the region; everything from condos in Burnaby, to single family homes in Coquitlam, to river view flats in New Westminster is priced at a record low.
With «a record low inventory» and, hence, higher home prices, the market seems to have little room for optimism.
Year - to - date, the median sale price of a single - family home in Massachusetts is $ 270,000, which is 1.8 percent lower than the $ 275,000 median price recorded during the same period in 2011.
«There are outstanding opportunities in the current market, with near record low interest rates, competitive prices and new homes being built that include open layouts, energy efficient components and other features that cater to young buyers.»
Record low mortgage interest rates and an over-correction in home prices have opened the door to many potential buyers,» he explains.
With record - low mortgage rates, appealing prices and an upgraded housing forecast this year (the National Association of REALTORS ® expects existing home sales to reach 4.66 million in 2012), current market conditions continue to generate interest among first - time home buyers.
«Put that together with today's near - record low interest rates and competitive prices, and the time has never been better to buy a new home.»
U.S. home prices rose 6.89 percent during the fourth quarter of 2002 from the same period in 2001, as record low mortgage rates fueled home sales to all - time highs, according to the Office of Federal Housing Enterprise Oversight.
Consumer sentiment appears to be rising, and record low mortgage rates coupled with favorable home prices are attracting homebuyers and investors who don't want to miss a historic opportunity.
Those expecting home prices to go down within the next year also rose by 4 percentage points to 14 percent over last month, a rebound from the survey's record low in the prior month, while the share who believe home prices will go up in the next 12 months edged up to 37 percent, tying the survey high.
Because of record - low mortgage rates (the average 30 - year fixed rate was at 4.3 percent in early October), the monthly mortgage payment for a median - priced home purchased with FHA - backed financing is $ 1,150, down from $ 1,658 in 2006, at the height of the boom.
«However, higher mortgage rates and home prices combined with record low inventory levels stunted sales in much of the country in December.
To take advantage of near - record low mortgage interest rates and home prices undervalued by as much as three percent nationwide, now is a great time to buy a home.
Increasing numbers of foreclosures and the economy's failure to produce jobs will likely exert downward pressure on home prices and home sales for some time to come, despite record low mortgage rates.