However, historically low mortgage rates and
strong house price appreciation could push more existing homeowners to tap their equity in the form of cash - out refinances, which reached an aggregate $ 57.7 billion for 2016.
After several years of
strong house price appreciation, homeowners nationwide had almost $ 13 trillion in equity in 2006, or almost $ 170,000 per owner on average.
Not exact matches
«Purchases are being driven by rising household wealth — the key driver of the luxury auto market — which is being buoyed by
strong equity market performances across much of the globe and ongoing
house price appreciation,» said Gomes.
TORONTO, July 7 / CNW / - Canada's residential real estate market will start to slow in the second half of 2010 after two quarters of
strong price appreciation and sales activity, according to the Royal LePage House Price Survey and Market Survey Forecast released t
price appreciation and sales activity, according to the Royal LePage
House Price Survey and Market Survey Forecast released t
Price Survey and Market Survey Forecast released today.
Continuing
strong demand for
housing remains the main driver behind
strong price appreciation despite the presence of speculators in some markets.
«
Strong home
price appreciation has turned into a double - edged sword for the
housing market as it boosted the net share of consumers saying it's a good time to sell to a record high, surpassing the plunging good time to buy indicator for the first time in the history of the survey.»
«The recent surge in interest rates amid continued
strong home
price appreciation are likely to present affordability challenges to homebuyers, especially for young adults who are looking to enter the
housing market for the first time,» adds Duncan.
«A drop in
housing supply in December raises some affordability concerns in the months ahead as minimal selection and the potential for faster
price appreciation could offset the demand from buyers encouraged by a
stronger economy and sub-4 percent interest rates,» says Yun.
Housing market fundamentals were mostly positive, as builder sentiment remained
strong and
price appreciation continued.
There are many reasons for the drop in first - time buyers —
strong home
price appreciation, tight underwriting requirements, too - few homes for sale at affordable
price points — but there's at least one bit of good news to report: The Federal
Housing Administration (FHA) is making it a little easier for buyers to get federally insured financing for condominiums.
The drivers of
housing demand are in place for a sustained recovery: high affordability; job growth (albeit modest);
strong investor demand; rising buyer confidence; lean home inventories; home
price appreciation; and fewer distressed homes for sale.
In Toronto,
strong demand and a limited number of well -
priced, quality listings led to moderately rising, yet steady
house price appreciation.