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Reply to "Did Reports on New Homes Sales Bury the Lede?"
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[quote=Anonymous][quote=Anonymous]I would also venture that many current buyers who are now entering the market are lower quality borrowers. Those who had the cash and flawless credit rating to buy in 2009-2011 have their place and are staying out. Those folks were easy money to the banks. Lower quality borrowers are taking longer to vette, get approved, and settled. There's no easy buck here. And yes, that headline definitely buried the lede, lol.[/quote] That's a weird assumption. I'm in the market now because I bought my last house 8 years ago and have outgrown it. We had no need for a new house in 2009-11. In any case, it is easier to get loans now than four years ago because the banks are further along in their recovery. It's lack of inventory, not lack of financing, that is limiting sales volum.[/quote]
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