Not exact matches
Russia's current significant cyclical headwinds resulted from very
tight credit conditions, softened business confidence and other spillovers from intensified geopolitical tension, they
said.
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.
«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.
«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.»
«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.
«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.
«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.