Not exact matches
«
Upward pressure on
prices was weak in December, but we can expect
price declines to narrow as the yen has weakened and this will eventually
push up oil and gasoline
prices,» said Shuji Tonouchi, senior fixed income strategist at Mitsubishi UFJ Morgan Stanley Securities.
Still, the
push to purchase an undervalued property, combined with recent U.S. legislation that increased the amount of time it took to foreclose on a property (an effort to reduce the number of distressed properties on the market) has put
upward pressure on housing
prices.
This is because an expanding population puts
upward pressure on the demand for homes, which
pushes up
prices.
The same
pressures that have defined the market since the Great Recession are expected to continue: a strong job and wage increases, population growth coupled with a lack of supply of new «for sale» homes will continue to
push prices upward.