[:en]Still a Great Time to Buy a Home…but HURRY!![:es]Todavía es un buen momento para comprar una casa… ¡pero, DESE PRISA![:]

[:en]Kevin Kelly, Chairman of the National Association of Home Builders (NAHB), recently explained that:

“With interest rates near historically low levels and strengthening job growth, now continues to be a great opportunity to buy a home.”

We couldn’t agree more. However, one must realize that, with prices and interest rates both projected to increase, waiting could be costly.

There are two organizations that look at the affordability of purchasing and actually measure it over time. The National Association of Home Builders has their Housing Opportunity Index (HOI) and the National Association of Realtors’ has the Housing Affordability Index.

Both indexes are reporting the same thing. The cost of buying a home is beginning to increase leading the affordability indexes to dip.

Both indexes say we passed the bottom of the housing market

According to NAHB’s HOI housing affordability dipped slightly in the second quarter of 2014. NAHB’s Chief Economist David Crowe explains:

“The second quarter HOI reflects the slow but steady march toward the historic levels of price appreciation and interest rates that result in affordability levels we experienced before the mid-2000s boom.”

According to NAR in a recent Economists’ Outlook post, home affordability is down from both one month ago and one year ago in all regions.

Michael Hyman, Research Assistant at NAR said:

“At the national level, housing affordability is down for the month of June due to higher prices and qualifying income levels despite the lowest mortgage rates of the year.”

In a recent article, the Wall Street Journal also revealed that the cost of home ownership is higher than any time in over five years:

“Housing affordability hit its lowest level in nearly six years in June as home prices continued to climb.”

Bottom Line

If you were waiting for the bottom of the market, you missed it. Yet, with prices below values of seven years ago in most parts of the country and interest rates near historic lows, it is still a great time to buy a home…but hurry![:es]Still a Great Time to Buy a Home…but HURRY!! | Keeping Current Matters

Kevin Kelly, Presidente de the National Association of Home Builders (NAHB), recientemente explico que:

“Con tasas de interés cerca a los niveles históricamente bajos y el aumento del trabajo fortaleciéndose, ahora continua la gran oportunidad de comprar una casa.”

Estamos totalmente de acuerdo. Sim embargo, debemos darnos cuenta que, con las proyecciones que juntos: los precios y las tasas de interés van a aumentar, el esperar nos puede costar.

Hay dos organizaciones que observan la asequibilidad de la compra y la miden a lo largo del tiempo. The National Association of Home Builders tiene su Housing Opportunity Index (HOI) y the National Association of Realtors tiene the Housing Affordability Index.

Ambos índices están reportando lo mismo. El costo de comprar una casa está comenzando a aumentar liderando los índices de asequibilidad a la inmersión.

Ambos índices dicen que pasamos el fondo del mercado de la vivienda.

De acuerdo con el Índex (HIO) de NAHB, la asequibilidad a la vivienda tuvo un ligero retroceso en el segundo trimestre de 2014. El Economista Principal de HAHB, David Crowe Explico:

“En el segundo trimestre el índex (HOI) reflejo un lenta pero estable marcha hacia los niveles de apreciación históricos de los precios y de las tasas de interés, que resulto en los niveles de accesibilidad que experimentamos antes de que tocáramos fondo a mediados de los años 2000.”

De acuerdo con NAR en una reciente perspectiva económica, la asequibilidad de la vivienda disminuyo comparado con un mes atrás y un año atrás en todas las regiones.

Michael Hyman, Asistente de Investigación de NAR dijo:

“A nivel nacional, la asequibilidad de la vivienda disminuyo en el mes de junio debido a los altos precios y los niveles de calificación de ingresos; a pesar de las tasas hipotecarias más bajas del año.”

En un artículo reciente, The Wall Street Journal también revelo que el costo de ser propietario de casa es más alto que en cualquier momento en más de cinco años:

“La asequibilidad de la vivienda toco su nivel más bajo en casi seis años en Junio, como los precios de las casas continúan subiendo.”

En conclusión

Si usted está esperando a que el mercado toque fondo, se lo perdió. Sin embargo, con los precios por debajo de los valores de hace siete años atrás en la mayor parte del país y las tasas de interés cerca de mínimos históricos; aun es un buen momento para comprar casa… ¡Pero dese prisa![:]

[:en]Still a Great Time to Buy a Home…but HURRY!![:es]Todavía es un buen momento para comprar una casa… ¡pero, DESE PRISA![:]



[:en]Kevin Kelly, Chairman of the National Association of Home Builders (NAHB), recently explained that: “With interest rates near historically low levels and strengthening job growth, now continues to be a great opportunity to buy a home.” We couldn’t agree more. However, one must realize that, with prices and interest rates both projected to increase, waiting could ...

Continue Reading

[:en]Still a Great Time to Buy a Home…but HURRY!![:es]Todavía es un buen momento para comprar una casa… ¡pero, DESE PRISA![:]



[:en]Kevin Kelly, Chairman of the National Association of Home Builders (NAHB), recently explained that:

“With interest rates near historically low levels and strengthening job growth, now continues to be a great opportunity to buy a home.”

We couldn’t agree more. However, one must realize that, with prices and interest rates both projected to increase, waiting could be costly.

There are two organizations that look at the affordability of purchasing and actually measure it over time. The National Association of Home Builders has their Housing Opportunity Index (HOI) and the National Association of Realtors’ has the Housing Affordability Index.

Both indexes are reporting the same thing. The cost of buying a home is beginning to increase leading the affordability indexes to dip.

Both indexes say we passed the bottom of the housing market

According to NAHB’s HOI housing affordability dipped slightly in the second quarter of 2014. NAHB’s Chief Economist David Crowe explains:

“The second quarter HOI reflects the slow but steady march toward the historic levels of price appreciation and interest rates that result in affordability levels we experienced before the mid-2000s boom.”

According to NAR in a recent Economists’ Outlook post, home affordability is down from both one month ago and one year ago in all regions.

Michael Hyman, Research Assistant at NAR said:

“At the national level, housing affordability is down for the month of June due to higher prices and qualifying income levels despite the lowest mortgage rates of the year.”

In a recent article, the Wall Street Journal also revealed that the cost of home ownership is higher than any time in over five years:

“Housing affordability hit its lowest level in nearly six years in June as home prices continued to climb."

Bottom Line

If you were waiting for the bottom of the market, you missed it. Yet, with prices below values of seven years ago in most parts of the country and interest rates near historic lows, it is still a great time to buy a home…but hurry![:es]Still a Great Time to Buy a Home…but HURRY!! | Keeping Current Matters

Kevin Kelly, Presidente de the National Association of Home Builders (NAHB), recientemente explico que:

“Con tasas de interés cerca a los niveles históricamente bajos y el aumento del trabajo fortaleciéndose, ahora continua la gran oportunidad de comprar una casa.”

Estamos totalmente de acuerdo. Sim embargo, debemos darnos cuenta que, con las proyecciones que juntos: los precios y las tasas de interés van a aumentar, el esperar nos puede costar.

Hay dos organizaciones que observan la asequibilidad de la compra y la miden a lo largo del tiempo. The National Association of Home Builders tiene su Housing Opportunity Index (HOI) y the National Association of Realtors tiene the Housing Affordability Index.

Ambos índices están reportando lo mismo. El costo de comprar una casa está comenzando a aumentar liderando los índices de asequibilidad a la inmersión.

Ambos índices dicen que pasamos el fondo del mercado de la vivienda.

De acuerdo con el Índex (HIO) de NAHB, la asequibilidad a la vivienda tuvo un ligero retroceso en el segundo trimestre de 2014. El Economista Principal de HAHB, David Crowe Explico:

“En el segundo trimestre el índex (HOI) reflejo un lenta pero estable marcha hacia los niveles de apreciación históricos de los precios y de las tasas de interés, que resulto en los niveles de accesibilidad que experimentamos antes de que tocáramos fondo a mediados de los años 2000.”

De acuerdo con NAR en una reciente perspectiva económica, la asequibilidad de la vivienda disminuyo comparado con un mes atrás y un año atrás en todas las regiones.

Michael Hyman, Asistente de Investigación de NAR dijo:

“A nivel nacional, la asequibilidad de la vivienda disminuyo en el mes de junio debido a los altos precios y los niveles de calificación de ingresos; a pesar de las tasas hipotecarias más bajas del año.”

En un artículo reciente, The Wall Street Journal también revelo que el costo de ser propietario de casa es más alto que en cualquier momento en más de cinco años:

“La asequibilidad de la vivienda toco su nivel más bajo en casi seis años en Junio, como los precios de las casas continúan subiendo.”

En conclusión

Si usted está esperando a que el mercado toque fondo, se lo perdió. Sin embargo, con los precios por debajo de los valores de hace siete años atrás en la mayor parte del país y las tasas de interés cerca de mínimos históricos; aun es un buen momento para comprar casa... ¡Pero dese prisa![:]

[:en]Still a Great Time to Buy a Home…but HURRY!![:es]Todavía es un buen momento para comprar una casa… ¡pero, DESE PRISA![:]



[:en]Kevin Kelly, Chairman of the National Association of Home Builders (NAHB), recently explained that: “With interest rates near historically low levels and strengthening job growth, now continues to be a great opportunity to buy a home.” We couldn’t agree more. However, one must realize that, with prices and interest rates both projected to increase, waiting could ...

Continue Reading
Copy Preview Copy Full Post
Copied! Go to your email or CRM and paste it.
Unable to Copy to Clipboard
Copy & Paste

You can easily email your Blog Posts in your current email platform or CRM by using the copy options here! After selecting Copy, you can then open an email in your email platform or CRM and Paste. You can select Copy Preview to include an intro to your blog post, with a link to Continue Reading on your Personalized Homepage, or Copy Full Post to copy the entire blog post. You can learn more about this feature by click here.

'


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.