Sentences with phrase «tighter credit standards following»
Today, that number is down to 63.4 %.4 While home affordability remains a question for many Americans, the downward trend in homeownership corresponds to banks» tighter credit standards following the Great Recession.
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Olick followed up with her column today, noting that higher mortgage rates (of late), tight credit standards, and falling inventories will make life difficult for first - time buyers in 2013.