It is the very low interest rates set by the Bank of England. Not surprisingly, given that mortgage rates are currently at record lows, houses are "affordable"; with a deposit of 20pc, a person on average earnings buying an average house would find themselves paying around 36pc of their take-home pay on mortgage payments.
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Those include the state’s most populous county of Bernalillo, which started issuing licenses after a district judge found denying gay couples the right to marry violated the state constitution.
Case-Shiller Indices reported slower home price growth in March with a 3.70 percent gain year-over-year as compared to 3.90 percent home price growth for the year-over-year period in 2018. This was the slowest pace of home price growth in seven years.
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