«After back - to - back years of
a robust housing recovery, we are continuing to experience another year of a shortage of inventory of homes for sale,» reports Phil McBride, COO of John L. Scott Real Estate in the Northwest.
In contrast, the observed increase in mortgage demand is not being met with easier lending standards, holding back a more
robust housing recovery.
«Rising material prices, particularly lumber, along with chronic shortages of buildable lots and skilled labor are putting upward pressure on home prices and impeding a more
robust housing recovery.»
Not exact matches
Explanations range from the possibility a
robust recovery is still on the way, to the jeremiad of former White
House budget director David Stockman that money - printing is setting us up for a monstrous new crash.
At the same time, we're committed to maintaining widespread access to mortgage credit for responsible American families, which is the key to providing the middle class with access to home ownership and the key to returning to a
robust, but sustainable,
housing market
recovery.
The
housing recovery appears to have weathered some of the uncertainty, although additional growth is expected to be modest rather than
robust while the market awaits an easing of credit conditions in the presence of rising interest rates.
As the
housing market has improved, we've seen a
recovery in the CCRC market and our sales have been
robust.
However, I don't think the
housing recovery is going to be nearly as
robust this time as it has been in prior cycles,» said Christopher Low, chief economist for FTN Financial.
«The
robust housing market
recovery is occurring in spite of tight access to credit and limited inventory.