Housing affordability dips to a four-year low

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Downside of Rising Values: Housing Affordability Falls to 4-Year Low August 13, 2013 Staff 0 Comments consumer borrowing , consumer prices , interest rates , mortgages/housing market rising mortgage rates and surging home prices signal an improving economy, but they also serve as a double hit to housing affordability, which has fallen to a four.

Monday Morning Cup of Coffee: Rising home prices raise concerns Monday Morning Cup of Coffee: Senate passes major tax reform that impacts every mortgage facet . What does tax reform mean for the real estate industry? There is a lot at stake before the bills in Congress become new law. For more info, [email protected] or 860-967-0229. housingwire.com tax reform. tax reform. tax reform.

Home affordability is at a 10-year low across the nation. Here's a look at the 12 cities most in danger of a housing bubble in 2019.. in the fourth quarter, down 15% from a year ago and the lowest level since the third quarter of.

The one-two punch of low mortgage rates and relatively low prices gives homeowners a significant housing affordability advantage over renters. Renters don’t take out mortgages, of course, and so don’t benefit from today’s ultra-low mortgage interest rates.

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One of the snowiest winters on record may be to blame. But in an already tight housing market, a slow spring bolsters predictions that Twin Cities median home sale price continue to rise in 2019.

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At the same time, affordability fell from 73.7 percent in this year’s first quarter to 69.3 percent–meaning 69.3 percent of Americans earning the national median income could afford a home sold.

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Housing affordability hit a four-year low in August amid steady gains in home prices during the spring and higher interest rates during the summer. While the data released earlier this week show affordability has been dented, homes are still more affordable than any time between 1989 and late 2008, according to the NAR’s figures.