A lack of affordable homes for sale, tight credit and difficulty saving for a down payment because of rising rents and repaying student debt has slowed them down.
In this video, NAR Chief Economist Lawrence Yun talks about May pending home sales, low inventory of homes for sale, short market times, rise in prices, and
the lack of affordable homes.
Lawrence Yun talks about May pending sales, low inventory of homes for sale, short market times, rise in prices, and
the lack of affordable homes.
The lack of affordable homes for sale remains a critical issue, particularly for a growing number of first - time homebuyers and millennials, who are lining up for starter homes but can't break in.»
«Realtors ® are acknowledging with increasing frequency lately that buyers continue to be frustrated by the tense competition and
lack of affordable homes for sale in their market.»
«Good options will remain scarce for many would - be buyers because there is still a major
lack of affordable homes for sale, prices continue to rise and mortgage rates are heading up,» says Joseph Kirchner, senior economist at realtor.com ®.
The lack of affordable homes and strict planning regulations touches many lives.
The current
lack of affordable homes and high house prices are creating a housing crisis, he argued.
Not exact matches
Pending
home sales in March, which measure signed contracts, not closings, fell more than expected, with real estate agents blaming a severe
lack of listings, especially in more
affordable price ranges.
Market characteristics have melded to create a perfect storm where prospective homeowners are unable to find adequate
affordable property due to an extreme
lack of supply, and have thus refrained from putting their own
homes on the market, causing sales activity to slow further and price rises to lower.
Our analysis shows that the
lack of savings by millennials, combined with the extreme shortage in
affordable entry - level
homes, means that a large share
of millennials may be stuck renting for years.
Britain fetishises
home ownership, but the biggest problem is a
lack of affordable rental
homes and housing policy should be trying to address this.
The
lack of supply
of affordable homes has a detrimental impact on the mobility
of social housing tenants - many languish on transfer lists for more than two years.
The healthy economic conditions are creating demand for borrowers to purchase
homes, but the
lack of inventory is holding these borrowers from obtaining a
home that is
affordable for them.
While the state
of Florida has instigated policies to regulate and cap
home insurance rates, and has even created agencies to aid homeowners who can't obtain
affordable home insurance, that
lack of competition and the inherent risk
of insuring a
home in Florida mean that you need to utilize every resource at your disposal in order to track down
affordable Florida
home insurance quotes.
This initiative helps seniors to age at
home which is exactly what the majority
of seniors prefer but with many seniors still living in the own
homes, this program will need to be more fulsome and last longer than two years to offset the impending
lack of affordable and accessible housing for this demographic.
By comprehensively addressing the
lack of accessible,
affordable pet care in underserved communities, Pets for Life helped keep pets in the
homes they already have, improving their quality
of life and elevating the human - animal bond.
Low cost spay and neuter san diego are routine,
affordable surgeries that can prevent thousands
of animals from being born, only to suffer and struggle to survive on the streets, be abused by cruel or neglectful people, or be euthanized in animal shelters for
lack of a loving
home.
While the state
of Florida has instigated policies to regulate and cap
home insurance rates, and has even created agencies to aid homeowners who can't obtain
affordable home insurance, that
lack of competition and the inherent risk
of insuring a
home in Florida mean that you need to utilize every resource at your disposal in order to track down
affordable Florida
home insurance quotes.
To effectively prevent and treat child abuse,
Home Start addresses the conditions that can contribute to risky or abusive situations — poverty, unsafe neighborhoods,
lack of affordable housing, and unemployment — while concurrently addressing individual self - sufficiency and emotional needs.
«We fully support Chairman Bernanke's comments that the
lack of available and
affordable mortgage financing, low
home values and high foreclosure inventories are inhibiting a meaningful housing market recovery.
We believe more can be done to address the
lack of available and
affordable mortgage financing to creditworthy borrowers and stem the rising inventory
of foreclosed
homes, which is depressing
home values in communities across the country.
So, the
lack of available and
affordable homes for sale will continue to climb as long as technology companies [think Amazon, Microsoft, Facebook, Google, Apple] continue to expand their workforces here.
But while the city grew and prospered, Asheville struggled with two problems shared by many older cities, a deterioration
of once - grand historic neighborhoods and a
lack of affordable housing for local residents for whom even the $ 127,000 median - priced
home was unattainable.
Our analysis shows that the
lack of savings by millennials, combined with the extreme shortage in
affordable entry - level
homes, means that a large share
of millennials may be stuck renting for years.
In our Healthiest Housing Markets study, Connecticut was near the bottom, coming in at 37th, mainly due to its
lack of affordable housing stock and percentage
of homes sold for a loss.
The result has been a
lack of smaller
homes and
affordable rental units available to the baby boomers as they age or young households as they start out.
In some areas, the
lack of affordable housing is making it much more difficult for students to continue in their career, much less buy a
home after they graduate.
The board voted to support the development by Congress
of a private market for flood insurance as an option for
home owners who
lack access to
affordable coverage under the National Flood Insurance Program.
A report from NAR showed the
lack of affordable inventory nationwide, revealing that between December 2014 and 2015 the number
of homes on the market below $ 100,000 fell 11 percent.
«It's understandable that Americans looking to purchase their first
home are intimidated by obstacles such as student debt,
lack of a down payment and weak credit, so it's critical that first - time homebuyers have access to information and programs such as down payment assistance and
affordable loans so they feel confident in purchasing a
home independently.»
The report defined suburb through five categories: «economically challenged,» or one with
lacking population growth and lower
home values; «stable middle - income,» or one with a range
of home values; «established high - end,» or one in proximity to employment and high
home values; «greenfield lifestyle,» or one in proximity to the edge
of metropolitan areas; and «greenfield value,» or one in proximity to the edge
of metropolitan areas but more
affordable than greenfield lifestyle areas.