Sentences with phrase «homebuyer demand rose»

Not exact matches

Once again, the participants in the market had their reality (prices should rise as demand surges) altered by a misconception that all homebuyers were of equal quality and durability.

It adds that rising rates would erode housing affordability across Canada and weigh on homebuyer demand; though continued growth in household income would somewhat offset the impact.

The rise in rates is not stifling demand overall, though, according to realtor.com's report — in fact, repeat homebuyer activity has continued, as buyers, uncertain about the future, take advantage of still - low rates.

(TNS)-- With housing inventory far lower than demand and mortgage rates poised to rise, it's going to be a competitive market for homebuyers this spring.

«The HMI measure of homebuyer traffic rose eight points, showing that demand for housing is on the rise,» said Robert Dietz, chief economist of the NAHB, in the statement.

«Along with the prosperity and the rising demand of homebuyers in our community, prices are rising and homes are in short supply,» Telford says.

These statistics not only highlight the need to educate first - time homebuyers but also point to the fact that despite rising mortgage rates, demand for homes remains high.

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.