Sentences with phrase «reduced home affordability»
More recently, increases in house prices and interest rates have reduced home affordability.
https://www.rba.gov.au/ Not exact matches
When home prices and mortgage rates rise at the same time, it greatly reduces housing affordability.
Reduced affordability, while challenging for first - timers, may prove to be more of a surprise for move - up clients who anticipated greater leverage on their home equity; should those clients break existing mortgages upon their move, they will also be subjected to stress testing.
Rising home values are creating a «double whammy» situation by further reducing affordability.
When home prices and mortgage rates rise at the same time, it greatly reduces housing affordability.
Any existing programs to reduce the long - term cost of financing a home contribute to the homes» affordability.
TORONTO — The head of Canada's federal housing agency says regulators should explore the possibility of raising the minimum down payment required on a home as a way of easing affordability and reducing risk to the financial system.
Certainly there are advantages to a tiered system, but those benefits may do little to address the affordability problems faced by home buyers, nor will it significantly reduce the government's risk when it comes to insured mortgages.
For one, rising home prices, rising mortgage rates, and fewer foreclosures, have helped reduce the «affordability» of for - sale real estate.
Central Coast Lending broker associate Bob Moss estimated that in the past 24 months, higher mortgage rates and home prices have reduced affordability by 35 %.
The HOME investment amount may be reduced pro rata based on the time the homeowner has owned and occupied the home measured against the required affordability period; except that the City's recapture provisions may not allow the homeowner to recover more than the amount of homeowner's down payment, principal payments, and any capital improvement investmHOME investment amount may be reduced pro rata based on the time the homeowner has owned and occupied the home measured against the required affordability period; except that the City's recapture provisions may not allow the homeowner to recover more than the amount of homeowner's down payment, principal payments, and any capital improvement investmhome measured against the required affordability period; except that the City's recapture provisions may not allow the homeowner to recover more than the amount of homeowner's down payment, principal payments, and any capital improvement investment.
Rising home values are creating a «double whammy» situation by further reducing affordability.
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.
Still, Yun expects sales to be flat compared to a year ago due to the shortage of homes for sale as well as reduced affordability for many house hunters.
But bidding wars and the buying frenzy from a few months ago are showing signs of cooling, at a time when housing affordability has been reduced due to higher mortgage rates and home prices, Bloomberg reports.
Reduced affordability, while challenging for first - timers, may prove to be more of a surprise for move - up clients who anticipated greater leverage on their home equity; should those clients break existing mortgages upon their move, they will also be subjected to stress testing.
«By introducing amendments to the PTT and the Home Owner Grant Program, the government has begun to address the ongoing erosion of affordability, but we continue to recommend that it take steps to eliminate, phase out or otherwise reduce the PTT, which is a huge income stream.
Rising home values are creating a «double whammy» situation by further reducing affordability.
When home prices and mortgage rates rise at the same time, it greatly reduces housing affordability.
Still, home price gains are reducing affordability in areas across the country, which had 25 percent growth on average over the last three years.
Three Housing Market Trends in 2017 Double - digit price gains during 2016 have reduced affordability for Seattle home buyers in 2017, and additional gains are expected this year.
Home prices will likely moderate slightly to 4.4 percent in 2016, driven in part by the reduction in home buyer affordability and reduced demand as a result of Fed tightenHome prices will likely moderate slightly to 4.4 percent in 2016, driven in part by the reduction in home buyer affordability and reduced demand as a result of Fed tightenhome buyer affordability and reduced demand as a result of Fed tightening.