«If mortgage rates start to rise heading into next year, prospective buyers could face
weakening affordability conditions in their market unless supply dramatically improves,» added Yun.
As a result, home shoppers have seen limited options, stiff competition and
weakening affordability conditions.
«Homes for sale are going under contract a week faster than a year ago, which is quite remarkable given
weakening affordability conditions and extremely tight supply.
Not exact matches
Despite stronger buyer interest in most of the country, extremely tight inventory
conditions and
weakening affordability caused both existing - home sales and pending sales to decline in January.