May/June 2014 Market Pulse

Spring is in the air and so is increased confidence in housing markets. But REALTORS® say tight inventories and hard-to-get credit remain drags on business. Two factors hurting credit availability are federal mortgage rules (qualified mortgage ability-to-repay rules) that took effect at the beginning of the year and increases in FHA premiums. On the plus side, fewer transactions are hitting snags because of appraisal problems.