Sentences with phrase «says tighter credit»
Yun said tight credit and economic uncertainty have been constricting the market.
https://www.nar.realtor/ Not exact matches
«Monetary policy will not be too tight or too loose,» Yi said, adding that growth in M2 money supply and total social financing — a broad measure of credit — will be at a reasonable pace this year.
Raymond J. Keating, chief economist at the Small Business and Entrepreneurship Council, says the regulations risk choking off an already - tight credit market.
«I think no deal is probably better for the longer - term because it continues this process of rebalancing and there is no rebalancing without pressure and pressure comes through lower oil prices, through tighter credit and we're seeing all of that playing out nicely,» he said.
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But they say there are other problems, particularly around banks» verification of borrowers incomes, scrutiny of appraisals, and other factors that have led to a tighter credit box.
Russia's current significant cyclical headwinds resulted from very tight credit conditions, softened business confidence and other spillovers from intensified geopolitical tension, they said.
While CoreLogic figures typically show a downturn in May, the weaker performance was a consequence of tighter credit rules after banking regulator APRA in March strengthened its policies on lending to investors and worsening housing market sentiment as seen in this month's Westpac Melbourne Institute report, Mr Lawless said.
«When rates go up, there is a ripple effect that will likely lead to an interest rate increase on variable rate products,» said Bruce McClary in an interview, a spokesman for the National Foundation for Credit Counseling based in Washington, D.C. «In most cases, it is not a very large change, but even the most insignificant increases can have a major impact on budgets that are very tight.»
NAR President Ron Phipps, broker - president of Phipps Realty in Warwick, R.I., said buyers are responding to very good affordability conditions despite tight mortgage credit.
«We're piling tighter standards on top of already tight credit standards,» said Laurie Goodman of Amherst Securities Group LP.
I've heard similar reasoning in regards to credit being tight, but I always figured I'd be a prime safe decision for a lender based on income, cash reserves and lack of debt outside of said mortgage.
«The FHA has recently moved toward tighter credit standards,» said Brousseau.
«When you're in a tight credit market, people pay more attention to the criteria for loan approval,» says Karen Carlson, director of education for the credit counseling agency In Charge Debt Solutions.
Fed: banks keep tight grip on card loans — Senior loan officers survey says demand for credit cards is greater than supply... (See Demand for credit cards)
Credit cards are top source of ID theft complaints, FTC says — Credit cards, despite tighter security, have become the top source of ID theft complaints, according to a 2017 Federal Trade Commission report.
«The credit card companies are pretty terrified of what's going to happen as times become tighter,» says Alan Lysaght, co-author of «The ABCs of Making Money.»
«Household spending is increasing at a moderate pace, but remains constrained by high unemployment, modest income growth, lower housing wealth and tight credit,» the Fed said in its statement.
Numbers show credit access still tight The Fed's survey showed that 12.5 percent of banks reported easing their standards for card application approvals, while 85 percent said their standards were basically unchanged.
It is closely allied with the North Carolina Solar Energy Alliance, to extend government mandates, tax credits, and other government assistance to a marginal electricity source that brings higher prices, lower reliability, and reduced ability of families, hospitals, schools, and businesses to meet tight budgets, says Civitas.
«While consumer optimism on [mortgage credit accessibility] is as high as we've seen in the survey's seven - year history, it's worth nothing that this record is relative to the fairly tight standards in place post-crisis,» Duncan says.
But REALTORS ® say tight inventories and hard - to - get credit remain drags on business.
«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.
Purcarus says the government has and will continue to act responsibly with tight lending rules that discourage people with poor credit histories of securing real estate loans.
«The boom period was marked by easy credit and overbuilding, but today we have tight mortgage credit and widespread shortages of homes for sale,» he said.
«Given the tight credit in recent years, many would - be normal home buyers for owner occupancy declined,» Yun said.
«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.
Citing limited land availability, shortages in construction labor and tight credit for homebuilders, Lockhart said these factors are contributing to the overall supply shortages for affordable housing.
«This environment of fewer mortgage insurers combined with tighter restrictions on income and credit scores,» says Byrne, «means that foreclosed buyers are forced to lower their home expectations and work harder to save more for the down payment.»
«With the tight lending environment it's a good idea to consult with a REALTOR ® about mortgages and program options in your area, and tips for boosting your credit score well in advance of making an offer on a home,» he says.
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.
«This fifth consecutive month of improvement in builder confidence provides further assurance that the housing market is moving in a positive direction, but there's still a long way to go on the road to recovery and several obstacles are slowing our progress,» says NAHB Chairman Barry Rutenberg, a home builder from Gainesville, Fla. «In particular, unnecessarily tight credit conditions are preventing many builders from putting crews back to work — which would create needed jobs — and discouraging consumers from pursuing a new - home purchase.»
«Movements in the index have been uneven, reflecting the head winds of tight credit, but job gains, high affordability and rising rents are hopefully pushing the market into what appears to be a sustained housing recovery,» Yun says in a statement.
«The fact that first - time buyers are looking for information about FHA loan programs and home buyer assistance underscores some of the challenges today's home buyers face in today's tight credit environment,» says Thomas.
«With the tight lending environment it's a good idea to consult with a REALTOR ® about mortgages and program options in your area, and tips for boosting your credit score well in advance of making an offer on a home,» he said.
«Given the tight credit in recent years, many would - be normal home buyers for owner occupancy declined,» Yun says.
«The recovery is occurring despite excessively tight credit conditions and higher downpayment requirements, which are negating the impact of record high affordability conditions,» Yun says.
An Increase in Credit Availability For those who think the lending standards are too tight and are afraid they will be denied a mortgage, here's some good news: Credit availability is expected to continue to increase through the spring, says Mike Fratantoni, chief economist for the MBA.
«With the tight lending environment it's a good idea to consult with a Realtor ® about mortgages and program options in your area, and tips for boosting your credit score well in advance of making an offer on a home,» he said.
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.
«During the depths of the Great Recession, at least half of my clients relied on FHA - backed loans because of extremely tight credit conditions,» said Brown.
«Prospective home buyers fear the higher rates will make their mortgages unaffordable, especially in today's already tight credit conditions,» said Rutenberg.
«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.
«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.