Sentences with phrase «overly tight lending conditions»
«Homes in this year's first quarter were more affordable than they have been at any time in more than 20 years, yet many potential sales are not happening because of overly tight lending conditions that are keeping hardworking families from obtaining a suitable mortgage,» says Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, Fla. «Without this significant hurdle, the housing and economic recovery could be proceeding at a much stronger pace.»
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«This is particularly encouraging at a time when other parts of the economy have begun to show softness, and is all the more reason that the challenges constraining housing's recovery — namely overly tight lending conditions, poor appraisals and the flow of distressed properties onto the market — need to be resolved.»
«In addition, builders across the country continue to report that overly tight lending conditions and inaccurate appraisals are major obstacles to completing sales at this time.»