Higher wages coupled with
slightly lower home prices helped the affordability rate to remain unchanged during the final three months of the year.
After hitting a 10 - year low in third - quarter 2017,
slightly lower home prices and steady mortgage rates allowed more Californians to purchase a home in the fourth quarter of 2017, according to the California Association of REALTORS ® (C.A.R.).
Not exact matches
Lenders commonly group
low mortgage rate shoppers that have a deposit between 5 — 20 percent of the
home purchase
price into the «
slightly higher risk» category.
The cost of living in Wilmington is
slightly lower than the national average, and
home prices are significantly below those in the Philadelphia metro area, which is less than 35 miles away.
Home prices tend to be
slightly lower than neighboring Portland while median incomes are roughly 10 % higher.
The average selling
price of
home console software increased
slightly this year as
lower priced Wii software sales declined and higher
priced Wii U software sales increased.
Appraisals came up
slightly short of owner opinions in November, 0.67 percent
lower than expected, according to the latest Quicken Loans National
Home Price Perception Index (HPPI).
«However, it's evident that demand and sales
slightly weakened over the summer as stubbornly
low supply limited buyers» choices, accelerated
price growth and hindered some consumers» belief that now is a good time to buy a
home.»
Pending
home sales crept
slightly higher as supply and high
prices prevented a bigger boost in activity despite
low mortgage rates.
• The share of respondents who say
home prices will go up in the next 12 months increased
slightly to 50 percent, and the share who say
home prices will go down held steady at 5 percent, the all - time survey
low.
• The share of respondents who say
home prices will go up in the next 12 months decreased
slightly to 48 percent, while the share who say
home prices will go down decreased to 5 percent, an all - time survey
low.
Nearly half of the agents say
lower priced homes in their markets are selling for
slightly less than the asking
price, while 17 percent say buyers are paying full
price and 11 percent say buyers are paying
slightly more than the asking
price.
Strengthening house
prices in metros across the country contributed to
slightly lower housing affordability in the second quarter, according to the National Association of
Home Builders / Wells Fargo Housing Opportunity Index (HOI).
Arizona is another state that has
low home values compared with
slightly inflated sale
prices.
«However, rising
prices have slowed some of the investor activity, which could mean
slightly less competition for
homes at the
lower end of the market.»
While
low interest rates have been fueling homebuyer demand and thereby,
home prices, rates have been trending
slightly higher in recent weeks.