Demand for housing credit is up, as are house prices, and purchases of some investment goods by firms rose mid year.
Not exact matches
If things go bad in either city, lenders could retreat, triggering a tightening of
credit across the country that would crimp
demand for houses.
In the period since late 2003, both the
housing market and the
demand for credit have cooled.
Housing prices surged ever higher as greater
credit availability increased the
demand for homes by bringing a greater number of buyers into the market.
Once again, there is minimal
demand for autos and
housing, and that is partly because the market is still saturated with both of these
credit - sensitive big - ticket items after an unprecedented
credit and consumer bubble that went absolutely parabolic in the seven years prior to the collapse in the financial markets an asset values.
Another example of cheap and easy
credit (unorthodox lending) creating rentier over-speculation in the luxury
housing market
for which
demand is unsustainable.
The nature of supply and
demand for the
housing you seek plays a big role, as does the landlord: If you have a high income and glowing references from prior landlords,
for example, they may be willing to rent to you despite your
credit rating.
Re / Max
credits low interest rates
for the
housing market's success, along with tight inventory levels and increased urban
demand.
I do agree that
for higher priced homes and vacation homes, the interest
credit should be lowered / eliminated, but
for the average American it helps increase
demand and make
housing affordable.
In response to mortgage interest
credit being unfair, that
credit is a large driver of
demand for the
housing market.
LONDON (dpa - AFX)-
Demand for secured lending
for house purchases and the availability of secured
credit to households are set to increase in the second quarter, the latest Credit Conditions Survey from the Bank of England showed Wednes
credit to households are set to increase in the second quarter, the latest
Credit Conditions Survey from the Bank of England showed Wednes
Credit Conditions Survey from the Bank of England showed Wednesday...
Congress also passed temporary tax
credits for homebuyers that increased
housing demand and eased the fall of
house prices in 2009 and 2010.
In the 12 months since my last state of the sector address, we've experienced a major financial crisis, a freeze up in the
credit markets, a collapse in
housing prices and sales, record foreclosures, a painful recession, a huge jump in unemployment, a surge in bankruptcies, and a dramatic increase in the
demand for NFCC Member services.
«The increase in
demand seems to be driven in part by people who want to live in
houses, but can not get a mortgage, either because they do not have enough cash
for a down payment or they have damaged
credit,» says Brian Grow, managing director of RMBS at Morningstar Credit Ra
credit,» says Brian Grow, managing director of RMBS at Morningstar
Credit Ra
Credit Ratings.
The combination of a government tax
credit for first - time buyers and historically low mortgage rates contributed to increased
demand for residential
housing over 2009.
The
House tax plan would eliminate a $ 7,500 per vehicle tax
credit that has helped stoke early
demand for electric vehicles.
Programs like the
housing tax
credit are one resource that developers can use to build more
housing to meet
demand and create more affordable locations
for the state's workforce to live.
This can occur if
credit for homebuyers is too tight (particularly first - time homebuyers who form new households), if existing homeowners can not sell their homes to relocate
for employment reasons, and / or if rental
housing can not be developed
for areas with rising labor
demand.
These income and
credit issues bear watching
for possible impacts on
housing demand.
«The fact that there are 100 markets in 34 states and the District of Columbia represented on the improving list illustrates that all
housing markets are local, and that the national headlines often don't apply to what's happening in a specific metropolitan area,» says NAHB Chairman Barry Rutenberg, a home builder from Gainesville, Fla. «In places where employment is firming up along with
demand for new homes, the main factors weighing down the
housing market continue to be access to
credit (
for both builders and buyers) and the difficulty of obtaining accurate appraisals on new construction.»
Housing prices are skyrocketing, especially in high -
demand areas, while wages have stagnated, and those who have poor
credit history or are struggling to save up
for a deposit are finding it all but impossible to buy.