Sentences with phrase «upward pressure on home prices in»
Despite strong upward pressure on home prices in the past year, they remain far below the peak of last decade's bubble.
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All of these trends combined have put tremendous upward pressure on home prices in the Seattle real estate market.
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..
«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.
«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.»
Not exact matches
Jason Mercer, the board's senior manager of market Analysis, said the relative short supply of low - rise home types in many parts of the GTA continued to «prompt strong upward pressure on selling prices of singles and semis.»
«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.
This forces buyers to compete for a limited number of homes, which in turn puts upward pressure on home prices.
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.
«On the contrary, new home construction needs to rise by at least 50 percent for a complete return to a balanced market because supply shortages — particularly in the West — are still putting upward pressure on prices.&raquOn the contrary, new home construction needs to rise by at least 50 percent for a complete return to a balanced market because supply shortages — particularly in the West — are still putting upward pressure on prices.»n prices.»
In short, limited supply combined with steady demand is putting upward pressure on home prices.
Demand for homes in the East Bay remains high with inventory shortages relative to demand persisting in 2017 putting upward pressure on sales prices.
Consequently, homes in this market niche have been trading briskly, and this has put upward pressure on prices,» says Phil Soper, president and CEO, Royal LePage.