Lack of Credit Availability, Low Inventory: Two challenges facing the U.S. housing market is currently facing two challenges – a dearth of credit creation
and
a lack of available inventory, according to a report released Wednesday
by the Kroll Bond Ratings Agency (KBRA) that is scheduled to be
presented Head of Research
Christopher Whalen at the 2nd Annual Real Estate Symposium in Salt Lake
City, Utah. Whalen
said the dearth of available credit for housing is a function of
Dodd-Frank Act, which was created in part to protect consumers from
predatory and other harmful lending and financial practices by businesses Low inventory may take bloom off spring home sales. Home prices are beginning to grow at a faster pace again, which is not good for the spring market, read more.
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