Sentences with phrase «homebuyer demand increases»

Not exact matches

Since the rate of Canada mortgage is favourable for many homebuyers, the demand to finance real estate is increasing rapidly.

In addition, HFAs work with first - time homebuyers who need and are qualified for affordable housing — a segment that has seen increased demand with the downturn in the housing market.»

Congress also passed temporary tax credits for homebuyers that increased housing demand and eased the fall of house prices in 2009 and 2010.

«Millennials showed especially strong increases in job confidence and income gains — a necessary precursor for increased housing demand from first - time homebuyers.»

While that is good news, the low inventory and increased demand have created some challenges in the market — especially for first - time homebuyers who are being priced out of certain desirable areas.

The increase in homebuyer demand seen in January paired with a nation - wide inventory shortage has created an extreme seller's market, the brokerage said.

This, combined with potential homebuyers putting off purchases due to market instability, has fueled an increase in demand for rental units and has buoyed rental rates.

«The dramatic percentage of increase within this price range from one year to the next speaks to the demand — and the lack of availability — of homes for the first - time homebuyers who are so important to the health of a real estate market.»

«We believe price increases will hold steady despite slowing sales growth, because homebuyer demand is stronger now than it was at the same time last year, and because we foresee a small uptick in homes for sale,» said Nela Richardson, chief economist at real estate brokerage Redfin.

As homebuyer demand continues, May saw a 10.3 % jump in sales over April and a 5.1 % increase over May last year, which is slightly...