(Image: iStock)
'Restrictive credit conditions, particularly for households with low credit scores'
(Image: iStock)
'High down payments'
(Image: iStock)
'Low demand among younger homebuyers, due in part to the burden of student loan debt'
(Image: Thinkstock)
'Shortages of lots'
(Image: Bloomberg News)
'Low inventories of desirable homes for sale'
(Image: Bloomberg News)
'An overhang of homes associated with foreclosures or seriously delinquent mortgages'
(Image: Bloomberg News)
'Rising construction costs'
(Image: Bloomberg News)
'Structural changes in housing demand'
(Image: Bloomberg News)