First-time homebuyers are too few in number to absorb inventory overhang

July had the fewest number of new listings of any month this year at 4,802, but that still left about 18,000 properties on the market in Vancouver – 18.8 per cent more than last year. The softening market adds further support to expectations that the Bank of Canada will maintain its.

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The overhang of inventory is no longer so daunting as population growth and reduced construction continue to cut the glut of unsold homes. Throw in rising employment and improved affordability, and.

Washington – While lawmakers and the president scrap over deficit reduction and jobs plans, they’re largely overlooking one of the biggest drags on employment and a major cause of our national economic woes: the moribund housing sector. There’s a growing cry in economic circles for new steps to revive this sector, which year after year has been the subject of optimistic predictions about soon.

While Inventory Continues to Rise. – And median home prices saw a smaller increase than normal;. Typically over the past few years, housing inventory was reported at low. Now that there is a new trend on the market, fewer potential home buyers will be pushed out due. buyers may fare better than usual during the spring selling season.

Get all the latest Boone, Blowing Rock and and selling news plus lots of local information on the High Country.

 · I doubt there are enough first-time home buyers to absorb the number of houses for sale. Most sales are people either trading up or moving for work. In these cases, they already have a home they need to sell. This means lower home prices actually keep the market from clearing.

Freddie Mac economist sees sunny economy in second half I f you are uneasy about the failure of IndyMac Bancorp in July, the second-largest financial institution to close in U.S. history, prepare yourself. The crisis is about to get a whole lot uglier. government-sponsored Fannie Mae and Freddie Mac, holders of half the nation’s mortgages, just went down too.

November was originally going to be the last month in which sales to first-time homebuyers would qualify for a federal tax credit of up to $8,000. However, that deadline was extended through June. In addition, the tax credit was expanded to cover people who already own a home.

So, Where Will Housing Double Dip? KBRA rates third Invitation Homes single-family 2014-SFR2 IH 2014-SFR3 is a single-family rental securitization that will be collateralized by a 5.1 million loan secured by first priority mortgages on 4,048 income-producing single-family homes.He did, but I later found out that he also collected a one month fee from. Rent Coach: Same apartment, different prices; rental agent double-dipping. Rent Coach also appears in AM New York's Thursday real estate section.

the numbers have been far worse than the Obama economic team’s worst-case projections. In others, such as real estate, the weakness of the market is masked by expensive government support, including.