- March traditionally kicks off the spring selling season, and a flood of inventory onto the market now could easily reverse February's gains.
- Prices are falling, making homes more affordable, but in many markets they are still wildly out of relation to buyers' ability to pay.
- Rates are affordable in the mortgage market, but only the most-creditworthy borrowers are getting the chance to obtain those rates; many marginal borrowers are still frozen out.
- The number of delinquencies and foreclosures is continuing to grow and will likely do so for several quarters yet, threatening to pour more inventory on the market and take more buyers out of it.
Blogged with MessageDance using Gmail
No comments:
Post a Comment