Sentences with phrase «slow housing recovery»

The slow housing recovery in some markets made homeownership more affordable than renting — as long as workers had enough savings for a downpayment and could obtain a mortgage.

Sales of new single - family homes dropped sharply last month as severe winter weather and higher mortgage rates continued to slow the housing recovery.

Mortgage rates have steadily climbed amid a sell - off in the bond market, and there are signs that the increase could be slowing the housing recovery.

That debt burden is slowing the housing recovery, and the slow - to - recover economy is forcing students to take jobs for which they're overqualified.

o Neighborhood Stabilization Program (NSP) loans and grants designed to revitalize communities that have suffered from foreclosures, high unemployment and other concerns slowing housing recovery.

Not exact matches

Still, the housing market's recovery remains slow, in part because many Americans lack the credit to qualify for a mortgage or can't afford the larger down payments now required.

After a slow and steady recovery following the housing crisis of 2008, Leibowitz explains that American consumers generally had fewer problems with their mortgages, better employment prospects, and greater access to credit, which made them less likely to file.

The worst could soon be over for Perth's troubled housing market, with new data hinting at a bottoming of the downturn while warning that any recovery will likely be slow.

Detroit has long been one of the worst housing markets in the United States, but it does appear to be in slow recovery.

Housing: is expected to continue its slow recovery next year, with starts climbing from 920,000 units last year to 1 million units in 2014 (unchanged from September's survey results) and to 1.15 million units next year from 1 million this year.

However, Meyer acknowledged signs of a slow recovery in the housing market, which should add 0.2 % to GDP this year, while her colleague Priya Misra, head of U.S. rates strategy, said inflation is not a concern because the U.S. Treasury market is on a continued flattening trend.

«They promised us it would lift the economy... but instead we are still stymied in the weakest, slowest recovery in the postwar era,» said Rep. Jeb Hensarling, R - Texas, chairman of the House Financial Services Committee, who introduced the bill.

The slow economic recovery is providing an environment that could bolster affordable housing that supports municipal bonds.

Most economists expect the housing recovery will continue this year, though likely at a slower pace.

«(I) f Sonoma County does not create 8,143 new (housing) units by 2020... there will likely be drag in the overall economy leading to slower employment growth,» says a new county plan released Thursday for recovery from the fires.

«Excessive student debt can slow the recovery of the housing market,» CFPB student - loan ombudsman Rohit Chopra wrote in a blog post.

Despite some encouraging signs that the wider economy may be coming out of recession and that the housing market is beginning to recover, the Association forecasts that construction output will fall 15 % this year and a further 2 % in 2010, before beginning a slow recovery from 2011.

Available data suggest that household spending and business fixed investment advanced, while the recovery in the housing sector slowed somewhat in recent months.

Nationally the housing recovery is more anemic than Minnesota, growth is slow but steady and unemployment remains high.

With housing costs on the rise, especially in urban areas, and with restrictions getting even tighter in the coming year, there is quite a bit of concern that the recovery that we have experienced so far may slow down even more.

However, because the recovery of the housing market has been slow, lawmakers have extended the tax break and is in effect for PMI premiums paid through 2013.

Household spending is rising moderately and business fixed investment is advancing, while the recovery in the housing sector remains slow.

This could put financing out of reach for many would - be home buyers, thereby slowing recovery in the housing sector.

Read the original article California Housing Recovery Slow as Loan Modifications Mount online.

You would have known in advance that the U.S. GDP would have a negative print for the first quarter, that Ukraine would explode into violence with Russian involvement — and that the much - touted housing recovery would begin to show signs of slowing down.

(It also slows down housing recovery by perpetuating a backlog of distressed properties, but that's another article entirely.)

With the housing recovery in the Inland region still viewed as fragile, any slow - down in sales has a trickle - down effect on the economy.

Household spending appears to be rising moderately and business fixed investment is advancing, while the recovery in the housing sector remains slow.

Following the years of war - time austerity and slow post-war recovery, it was not until the 1950's that the growth in London's art galleries and auction houses began to rival those of Paris and shift the focus of the European market for modern art to the British capital.

The resulting housing slump from the recession continues to affect a slow but steady recovery.

Veissi said that the housing and economic recoveries have been slow and that activities that force economic activity to be constricted further should be resisted.

«REALTORS ® agree that increasing private capital in the mortgage finance market is necessary for a healthy market and for reducing the government's involvement; however, proposed legislation that relies only on private capital to operate the secondary mortgage market will slow, if not stop, the housing and economic recovery,» he said.

«Disappointing economic growth in recent months means a slower recovery for most of the commercial real estate sectors, although multifamily housing continues to benefit from pent - up demand resulting from an abnormal slowdown in household formation in recent years,» he said.

«Fixed monthly payments and the long - term financial stability homeownership can provide are attractive to young adults despite them witnessing the housing downturn and subsequent slow recovery in the early years of their adulthood.»

«There is a pent - up demand for both rental and owner - occupied housing as household formation will inevitably burst out, but the bottleneck is in limited housing supply, due to the slow recovery in new home construction.

After leading the economy into the Great Recession, housing progress is finally considered one of the only bright spots in a slow economic recovery.

«New - home production numbers are in line with our forecast for a slow and steady recovery of the housing market,» said Robert Dietz, chief economist of the National Association of Home Builders (NAHB), in a statement.

It is too early to tell if the housing recovery is slowing.

«There is a pent - up demand for both rental and owner - occupied housing as household formation will inevitably burst out, but the bottleneck is in limited housing supply, due to the slow recovery in new home construction,» Yun notes.

As the economy continues to improve and household balance sheets for most Americans are slow to repair, we continue to see the transition to a full housing recovery as a slow process.

Strong job gains and an unemployment rate well off its peak, accumulating momentum in recent housing starts and sales, as well as a rebound in retail sales after a slow first quarter combine to point to consumers gaining confidence in the economic recovery.

«We are a long way from returning to pre-recession levels in terms of mortgage accounts, but changing consumer preferences for housing also may play a role in this slow recovery,» said Chaouki.

In the Calgary Real Estate Board's most recent 2017 Calgary Economic Outlook and Regional Housing Market update, CREB believes the pace of economic recovery will be slow but stable.

Like the overall housing market, the 55 + segment of the market is undergoing a slow but steady recovery, but there are some obstacles to a continued and stronger recovery.

While job growth and consumer confidence remain key to an economic recovery, the «Great Recession» has crimped demand for housing by slowing immigration and the creation of new households by young and middle - aged adults.

The recovery of the housing market has generally been slow since the Great Financial Crisis (GFC) but it does continue to improve.

Nationally, single - family housing construction activity has increased at a slower pace than in past economic recoveries, and the supply of homes for sale, measured by months of inventory and vacancies, is below long - term trends.

But despite low interest rates and slowing home prices, first - time home buyers have mostly been absent from the housing recovery so far.

Related: Eurozone Housing, Mortgage Recovery to Continue in 2018 I APAC's Housing Market Slowdown to Continue in 2018 I US Residential Prices Steady, Canada Slowing in 2018

As the housing market continues its slow climb from the abyss, successful agents and brokers will contribute to the recovery by clearing the market of the huge overhang of distressed properties and — in a rare win / win scenario — grow their own businesses in the process.