Homes are more affordable now than they have been in decades, but that could turn more quickly than expected, because the affordability is based entirely on mortgage rates.
Read more: http://www.cnbc.com/id/100631625
Tag Archives: affordability
AN AFFORDABLE ALTERNATIVE
With all the trappings of the big city yet still closely tied to its country roots, Airdrie presents the best of both worlds in many ways. And judging by the regularity with which homes in the city are being sold, it would appear that the homebuying public is in agreement.
According to CREB®, MLS® sales activity in Airdrie improved by nearly 23 per cent in 2012, with an unadjusted single-family benchmark home price of $336,000 in December, slightly lower than the previous month, but higher than levels recorded in 2011. The annual average benchmark price in 2012 for Airdrie totalled $334,133, a 3.6 per cent increase over 2011.
Read more: http://tinyurl.com/bgv9v9g
Calgary listed as one of the more affordable housing markets in Canada
CALGARY — Calgary experienced a housing market renaissance in 2012, reaping the benefits of strong provincial GDP and in-migration, which propelled home resales in the area, says a report released Monday by RBC Economics Research.
The latest Housing Trends and Affordability Report listed Calgary as one of the more affordable housing markets in Canada.
Read more: http://tinyurl.com/bc7qdou
Low mortgage rates muster slight boost in housing market affordability
Owning a house became slightly more affordable in Canada during the second half of 2012, but that’s mostly due to rock-bottom mortgage rates, RBC Economics says in a report to be released Monday.
Read more: http://tinyurl.com/ayd8xfc
Attainable homes initiatives gaining popularity
CALGARY — With prices in Calgary’s real estate market continuing to rise, a growing trend is emerging in the popularity of attainable housing initiatives in the city.
Attainable Homes Calgary and McPherson Place — two separate projects — have seen an explosion of interest by Calgarians who want to get into home ownership
Read more: http://tinyurl.com/a5w7q65
10 least affordable cities to buy a home
Looking to buy a home? You may want to skip these places. Prices are either so high or incomes so low that many families can’t afford to buy homes here, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index.
Read more: http://tinyurl.com/c663z2e
Calgary housing market picks up activity as affordability improves
CALGARY — The Calgary-area housing market bucked the slowing trend in home resales seen in other Canadian markets in the third quarter with steady activity relative to the previous quarter and an improving trend in affordability, says the latest Housing Trends and Affordability Report by RBC Economics Research.
Read more: http://tinyurl.com/apqqfvo
10 most affordable cities for homebuying
Looking to buy a home? These housing markets offer the best combination of low prices and competitive wages, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index.
Read more: http://tinyurl.com/d6oxokm