Sentences with phrase «say tight inventories»
But REALTORS ® say tight inventories and hard - to - get credit remain drags on business.
http://realtormag.realtor.org/ Not exact matches
Niinami said that the liquor maker is seeing tight inventories in Japan, but wants to bring as much Japanese whisky to North America as it can.
«For - sale inventory is tight, and with home prices continuing their rapid climb, it's becoming more and more difficult for renters to become owners, forcing them to rent longer than they otherwise would have,» said Zillow senior economist Aaron Terrazas.
The spring homebuying season favors the seller this year because of extremely tight inventory and likely higher prices, Trulia Chief Economist Ralph McLaughlin said Tuesday.
«With inventories still tight, prices are moving up,» Lawrence Yun, NAR chief economist, said at a press conference as the figures were released.
He said: «We're entering the peak summer homebuying months and despite tight inventories, we expect to see a robust purchase market.»
An improving labor market and steady wage gains have offset the rise in interest rates since Donald Trump's U.S. presidential win in November and tight inventories nationwide, analysts said.
The latter approach helped pioneering off - price retailers like T.J. Maxx keep a tight rein on inventories and add a treasure hunt experience to shopping, Kniffen says.
Redfin says that tight housing inventories are causing home affordability to slip in California.
«Tight inventory fueled by a tight labor market and low interest rates propelled home values to record heights in 2017, but the outlook is now much less certain,» Terrazas Tight inventory fueled by a tight labor market and low interest rates propelled home values to record heights in 2017, but the outlook is now much less certain,» Terrazas tight labor market and low interest rates propelled home values to record heights in 2017, but the outlook is now much less certain,» Terrazas says.
«In the face of historically tight inventory, buyers have had to be more aggressive in their offers,» says Aaron Terrazas, senior economist at Zillow.
«With credit remaining tight and limited housing inventory in several markets, these numbers are extremely encouraging and a testament to the economic resilience of the Hispanic community,» says 2016 NAHREP President Joseph Nery.
«Sales activity was down in many parts of the country last month — especially in the South and West — as the persistent summer theme of tight inventory levels likely deterred some buyers,» he said.
Continuing tight underwriting by lenders, low inventories in many markets, and rising interest rates are holding back growth in sales volume, said Yun, leading him to predict home sales of about 5.12 million for 2014, virtually the same level forecast for 2013.
«Limited job prospects, student debt, and flat wage growth have combined with tight credit conditions and low inventory to price millennials out of some of the top cities such as New York and San Francisco,» says Lawrence Yun, NAR's chief economist.
«In Florida, we have been experiencing very tight inventory and in some markets less than three month's supply,» said Rei L. Mesa, president and CEO of Prudential Florida Realty.
The strong price growth reflects the overly tight inventory conditions in many markets, Yun said.
«Home prices will continue to rise as inventory remains tight,» Dietz said.
«From a housing market perspective, tight inventory is boosting prices in many markets, and millennial homebuyers must now contend with rising mortgage interest rates reducing their buying power,» says Tendayi Kapfidze, chief economist at LendingTree.
«Ongoing job and economic growth coupled with tight inventories and rising household formations are boosting housing demand,» said Robert Dietz, chief economist of the NAHB.
«Affordability has certainly been a major concern, particularly in markets in British Columbia and Alberta, where average price has experienced strong upward momentum throughout 2005 due to tight inventory levels,» says Elton Ash, regional executive vice-president, Re / Max of Western Canada.
«This past year, the still - tight inventory of homes for sale in Florida couldn't meet growing buyer demand,» says Christine Hansen, 2018 president of Florida Realtors ® and broker / owner of CENTURY 21 Hansen Realty in Fort Lauderdale.
«Throughout Illinois we are seeing tight housing inventory and this dynamic is providing encouragement for homeowners to get their property on the market,» said Jim Kinney, president of the Illinois Association of Realtors.
«In today's market with tight inventory, almost half of my deals are completed and sold off - market before they even hit the open market,» says Ryan Pertile, a Minneapolis, MN, agent.
«With ongoing job creation, increasing owner - occupied household formation, and a tight supply of existing home inventory, the single - family housing sector should continue to strengthen at a gradual but consistent pace,» said NAHB chief cconomist Robert Dietz.
«Tight inventory continues to be a concern in our area», said Kathleen Sweeten, CEO of the Northwestern Vermont Board of Realtors ®.
«As we end the first quarter of 2017 we continue to see tight inventory levels, especially in the mid-price range of $ 250,000 to $ 400,000», said Kathleen Sweeten, CEO of the Northwestern Vermont Board of Realtors ®.
«Inventory was tight, and this squeezed it even more,» said Donna Wolff, a past president of the Greater Baton Rouge Association of Realtors.
Tight inventory and weaker affordability conditions are prompting consumers to doubt that now is a good time to buy a home, says NAR Chief Economist Lawrence Yun.
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.
Citing NAR's monthly Realtors ® Confidence Index, which has decreased this year while consumer confidence has risen, Yun said Realtors ® are generally optimistic, but certain factors such as inventory shortages in parts of the country and tight lending standards may be playing a role in their recent dip in confidence.
«Record - low mortgage interest rates clearly are helping many home buyers, but tight inventory and restrictive mortgage underwriting standards are limiting sales,» says Lawrence Yun, the NAR's chief economist.
«Housing inventory declined from last year and supply in many markets is very tight, which in turn is leading to bidding wars, faster price growth and properties selling at a quicker pace,» says Yun.
While inventory and days on market was up virtually across the board, several markets reported tighter conditions in the lower end of the market, where demand and buyer activity remains healthy, it says.
The report says supply is adequate in most markets, but heated activity in the lower end has resulted in tight inventory levels for entry - level product in 18 per cent of markets including: Bancroft, Combermere, Honey Harbour / Port Severn, West Kawarthas, Orillia, Flesherton, North Saskatchewan and Salt Spring Island.
Sales rose most in the Midwest, where the contract closings climbed 3.8 percent to a 1.35 million pace from the prior month At the current pace, it would take 4.6 months to sell out housing inventory, compared with 4.7 months in May; less than a five months» supply is a tight market, the Realtors group has said Properties were on the market for 34 days in June, the same as year ago Single - family home sales climbed 0.8 percent to an annual rate of 4.92 million while purchases of multifamily properties increased 3.2 percent to a 650,000 pace First - time buyers accounted for 33 percent of all sales, up from 30 percent in May and the highest share since July 2012 Sales driven in gains among most expensive homes, NAR's Yun said.
The inventory of new and existing homes for sale remains relatively tight as buyers seek to move up to larger houses or downsize to smaller ones, he said.
A persistent tight inventory of homes for sale is holding back sales but pushing up home prices in most areas of the country, Lawrence Yun, NAR's chief economist, said in the report.
While limited inventory, tight credit and down - payment requirements make it hard for many millennials to achieve the American Dream, soaring rents and the likelihood the Federal Reserve will increase interest rates later this year may drive more of them to explore buying, said Stan Humphries, chief economist at Seattle - based Zillow Group.
Higher housing values, tight inventory levels, and all - out bidding wars have yet to deter first - time buyers in major Canadian centres this year, says a new report by Re / Max.
«First - time buyers should be closer to 40 percent of the market, but they're held back by the frictions of tight credit and very limited inventory in the lower price ranges in most of the U.S.,» Yun said.
Higher housing values, tight inventory levels, and all - out bidding wars have yet to deter first - time buyers in major Canadian centres this year, says a...
«Limited job prospects, student debt and flat wage growth have combined with tight credit conditions and low inventory to price Millennials out of some of the top cities such as New York and San Francisco,» he says.
While members cited difficulty in obtaining a mortgage as the biggest closing challenge faced by their clients in 2011 and 2012, members said difficulty in finding the right property was their No. 1 challenge in 2013, likely due to tight inventory.
«Recent strengthening of the US economy, tight for - sale housing inventories, and healthy home equity gains are all working to boost home improvement activity,» says Chris Herbert, Managing Director of the Joint Center for Housing Studies.