Credit Availability for Mortgages on the Decline

May 9, 2023 Kyle G. Horst

“Even with high mortgage rates and reduced credit availability, the lack of for-sale inventory continues to be the biggest hurdle to more home purchase growth this year,” said Joel Kan, MBA’s VP and Deputy Chief Economist.

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Sales on the Rise as Market Remains in Sellers’ Favor

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Low Inventories Creating Home Price Sensitivity
Low Inventories Creating Home Price Sensitivity

"Generally speaking, home prices are lower in expensive markets and higher in affordable markets, implying ...