2010-06-16
Home Sales and Affordability Stage A Comeback!
A study this week by the Joint Center For Housing Studies at Harvard University found very low mortgage interest rates and recovering labor markets should be enough to shore up home sales and housing starts, even with the expiration of the federal home buyer tax credit. 'If history is a guide, what happens with jobs will matter the most to the strength of the housing rebound,' said Eric S. Belsky, Executive Director of the Joint Center for Housing Studies. The report noted that the bright spots on the homeownership front were the dramatic increase in affordability and the growth in first-time buyers it produced. For instance, near the height of the housing boom, mortgage payments on a median-priced home peaked at 32.7 percent of median household income. By the first quarter of 2009, the share had retreated to just 19.6 percent of median income. By the first quarter of 2010 payment-to-income ratios hit a new low of 18.9 percent. Welcome to our Blog!
2021-01-12Utah's Extraordinary Growth in Jobs and Population 2021-01-12 Salt Lake County’s Housing Shortage 2021-01-12 2020 Single-Family Home Prices up 11.8% 2021-01-12 Growing Concern for Housing Affordability 2021-01-12 Utah's 2021 Economic Forecast 2021-01-12 Outlook for Mortgage Rates 2021-01-12 Salt Lake County Housing Forecast for 2021 2020-01-29 Median Single Family Home Prices in Salt Lake County increase to $378,000 in 4th quarter 2019 2019-01-28 The Gamble of Overpricing Your'e Home 2017-10-30 Salt Lake County single-family home median price reaches $330,000 2017-08-28 Most Salt Lake County Homes Sell for Under $350,000 2017-08-07 Median Single Family Home Prices Reach $327,000 in Salt Lake County 2017-02-07 Is There a Housing Bubble? 2017-02-07 Predictions for 2017: Total Residential Home Sales 2017-01-31 Q 4 Housing Report 2016-02-11 2016 Forecast for Salt Lake area Housing Market 2016-01-25 Local Home Sales Data 4th Quarter 2015 2015-04-27 Mistakes people make when selling a home 2015-04-27 Save for down payment or buy a home now? 2015-04-27 Salt Lake Home Sales Climbed 16% in the First Quar 2015-02-06 Salt Lake County housing market positive for 2015 2015-01-15 FHA Mortgage Insurance Premiums Reduced by 0.50% 2014-02-05 Salt Lake Housing Prices Returning near 2007 Highs 2014-01-27 Salt Lake home sales in 2013 are highest on record 2013-10-31 Condo sales at a 7 year-high Click here to see ALL articles. |