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housing affordability gap

Existing home sales continue to decline in 2023

February 21, 2023 by Brett Tams

In January, the seasonally adjusted sales pace for existing homes dropped 0.7% from December to a pace of 4.00 million, among the lowest readings in 12+ years.

Posted in: Paying Off Debts, Real Estate Tagged: 2, 2022, 2023, affordability, average, before, Bright MLS, buyers, Buying, contracts, covid, COVID-19, COVID-19 pandemic, Distressed, double, Economy, existing, Existing home sales, expectations, expensive, Financial Wize, FinancialWize, Foreclosures, growth, home, home buying, Home Sales, homes, Housing, housing affordability gap, Housing market, industry, inventory, Lawrence Yun, list, list price, low, LOWER, market, markets, Midwest, mls, More, Mortgage, Mortgage Rates, NAR, National Association of Realtors, negotiating, Original, Other, pandemic, Prices, property, Purchase, rate, Rates, ready, Real Estate, Real Estate Enthusiasts, Realtors, return, right, running, sales, short, Short Sales, the west, will

Housing affordability is improving, but there’s more work to be done: experts

February 8, 2023 by Brett Tams

Experts from the Urban Institute, the Lincoln Institute of Land Policy and Housing Finance Strategies offered their takes on where the housing affordability crisis is heading.

Posted in: Mortgage, Paying Off Debts, Real Estate Tagged: 2023, action, active, affordability, affordable, affordable housing, All, before, Biden Administration, big, color, cost, Credit, Crisis, data, energy, environment, experts, Faith Schwartz, Fall, Fannie Mae, Featured, FHA, Finance, Financial Wize, FinancialWize, financing, Freddie Mac, front, fund, good, government, growth, home, Home Price, home prices, homebuying, homeownership, homes, Housing, Housing Affordability, housing affordability gap, housing finance, Housing market, HUD, impact, industry, interest, interest rates, Laurie Goodman, Life, Loss mitigation, Make, making, Manufactured housing, market, Media, Medicare, moderation, More, Mortgage, Mortgage Rates, Move, News, place, president, Prices, probability, programs, protect, rate, Rates, Real Estate, returns, rise, room, Seniors, shower, stage, stewardship, Strategies, Treasury, trend, Underwriting, Urban Institute, utilities, VA, wages, work, zoning

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