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2010-06-16 16:45:04
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.

 
Blog Archive
2019-01-28 09:56:07
The Gamble of Overpricing Your'e Home

2017-10-30 10:07:23
Salt Lake County single-family home median price reaches $330,000

2017-08-28 13:53:53
Most Salt Lake County Homes Sell for Under $350,000

2017-08-07 15:45:17
Median Single Family Home Prices Reach $327,000 in Salt Lake County

2017-02-07 13:11:41
Is There a Housing Bubble?

2017-02-07 13:03:48
Predictions for 2017: Total Residential Home Sales

2017-01-31 09:34:22
Q 4 Housing Report

2016-02-11 10:24:38
2016 Forecast for Salt Lake area Housing Market

2016-01-25 18:11:50
Local Home Sales Data 4th Quarter 2015

2015-04-27 11:40:31
Mistakes people make when selling a home

2015-04-27 11:36:59
Save for down payment or buy a home now?

2015-04-27 11:31:13
Salt Lake Home Sales Climbed 16% in the First Quar

2015-02-06 12:20:37
Salt Lake County housing market positive for 2015

2015-01-15 15:10:58
FHA Mortgage Insurance Premiums Reduced by 0.50%

2014-02-05 15:27:36
Salt Lake Housing Prices Returning near 2007 Highs

2014-01-27 16:51:39
Salt Lake home sales in 2013 are highest on record

2013-10-31 09:38:09
Condo sales at a 7 year-high

2013-10-30 10:45:15
Median single-family home prices reach 255k

2013-02-12 17:09:58
Salt Lake County 2013 Housing Forecast

2013-01-23 13:57:04
'Fiscal Cliff' Real Estate Provisions

2013-01-02 09:23:42
Cliff Bill Retains Mortgage Debt Relief

2012-12-10 11:26:33
Home Buyers need to be ready to compete!

2012-10-23 15:25:42
Median Single Family Home Prices Increase 7.5%

2012-07-23 10:31:38
'Medicare tax on Real Estate' update: 3.8 percent

2012-05-09 16:01:14
National Report says SLC is among top 10 places to

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