The strong price growth reflects
the overly tight inventory conditions in many markets, Yun said.
Not exact matches
«This slowdown is nothing to be
overly concerned with — demand from homebuyers remains very high, and
inventory remains
tight.
More fundamentally, it's low
inventories and
overly tight credit restrictions that are having the biggest impact on markets, Yun said, and he noted that the federal qualified mortgage (QM) rules that took effect earlier this year are not helping matters.