Market Improvement Sputtering
Much of the price improvement in housing markets in the previous quarters has been due to investor competition for dwindling inventory, with investors buying more than 30% of all homes purchased. That pressure is waning, and new home sales are down a lot as well. The economy is making it difficult-to-impossible for many to afford a home. Inventories have risen for the first time since the bust to six month levels.
Millennial Home Ownership is Dismal