Sentences with phrase «upward pressure on home prices»
The tight inventory we are seeing today will continue to put upward pressure on home prices well into 2018.
metrodepth.com
Despite strong upward pressure on home prices in the past year, they remain far below the peak of last decade's bubble.
That places welcome upward pressure on home prices once again.
More demand will put additional upward pressure on home prices.
«Slowing consumer demand combined with a surge in new home completions over the next several quarters will create more balance in the housing market and produce less upward pressure on home prices,» the association says in its release.
«Changing market conditions are easing upward pressure on home prices in our region,» Morrison said.
A lack of supply of homes for sale has led to upward pressure on home prices across the country, especially in areas where both existing and new home inventory have not kept up with buyer demand.
«Even with slightly cooling demand, the unshakeable trend of inadequate supply in relation to the overall pool of prospective buyers inflicted upward pressure on home prices in several metro areas,» he said.
All of these trends combined have put tremendous upward pressure on home prices in the Seattle real estate market.
Tight supply continues to put upward pressure on home prices, which are now rising at three times the rate of incomes.
These three western cities are experiencing strong population growth, which has put some upward pressure on home prices.
This continues to put upward pressure on home prices, in addition to giving sellers an advantage at the real estate negotiating table.
«While these changes are pointed at the demand for ownership housing, it is important to note that much of the upward pressure on home prices in the GTA has been based on the declining inventory of homes available for sale.»
As buyers compete fiercely for limited inventory, it puts upward pressure on home prices.
As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home prices.»
«Despite affordable housing conditions in most of the country, an upward pressure on home prices still persists in some metro areas — particularly in the West — where the current supply of new and existing - homes for sale is failing to keep pace with overall demand and growing populations,» says Yun.
«Rising material prices, particularly lumber, along with chronic shortages of buildable lots and skilled labor are putting upward pressure on home prices and impeding a more robust housing recovery.»
«Regulatory restraints, along with shortages of buildable lots and skilled workers, are adding to the cost of new homes, which is putting upward pressure on home prices,» says NAHB Chief Economist Robert Dietz.
«Rising material prices — particularly lumber — along with chronic shortages of buildable lots and skilled labor are putting upward pressure on home prices and impeding a more robust housing recovery,» says Granger MacDonald, chairman of the National Association of Home Builders.
That is, large numbers of homes with negative equity reduce the number of homes that go up for sale and that puts upward pressure on home prices.
This continues to put upward pressure on home prices, in addition to giving sellers an advantage at the real estate negotiating table.
uyer and seller activity created balanced market conditions within the region, we also experienced some upward pressure on home prices over the course of the year,» Ray Harris, REBGV president said.
These three western cities are experiencing strong population growth, which has put some upward pressure on home prices.
In short, limited supply combined with steady demand is putting upward pressure on home prices.
As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home prices.»
While these changes are pointed at the demand for ownership housing, it is important to note that much of the upward pressure on home prices in the GTA has been based on the declining inventory of homes available for sale,» said Jason Mercer, TREB's Director of Market Analysis..
«However, higher interest rates, a dearth of housing inventory and slow wage growth will continue to have an adverse effect on housing affordability that is putting upward pressure on home prices and is sure to hamper the market throughout the year.»