The market also will need to see the return of individual home buyers in order to normalize, he said, which will be propelled by employment gains. (realtormag.realtor.org)
While falling home prices appear to be the primary factor explaining this sharp increase in early defaults, most of the increase can not be explained by traditional risk factors.4 A potential explanation is that individual home buyers often falsely indicated on their mortgage applications that the property they were buying would be their primary residence. (newyorkfed.org)
«Moving forward, the centre will focus its studies on the factors that influence individual home buyers in their decision, as well as marketing and management issues that are important to real estate agencies and small businesses,» says Pullig. (remonline.com)