What's needed to spur stronger growth in the housing market is a marked increase in inventory through stepped - up new construction, because only more new homes will
ease tight inventories and, in turn, help slow home price gains, helping affordability.
Not exact matches
National Association of Realtors chief economist Lawrence Yun recently pinned the August slow - down in pending home sales — contract signings
eased 1.6 percent — on
tight inventory conditions, higher interest rates, rising prices and restrictive mortgage credit.
Yet
tight inventories might be
easing.
The uptick may be the result of rising seller confidence and it should
ease concerns that the super
tight inventory levels of the last six months have dampened sales by limiting buyer options.