Sales of previously owned US homes unexpectedly rose in February and the prior month was revised up, helped by a decline in mortgage rates and modest growth in asking prices. Contract closings increased 1.7% to a 4.09 million annualized rate, according to National Association of Realtors data released Tuesday. The pace exceeded nearly all estimates … Read More “Existing-Home Sales Increase As Affordability Improves” »
Category: Affordable Housing
Affordable Housing, Buying a Home, Real Estate News & Tips
Affordable Housing, Real Estate News & Tips
Over the past few years, the COVID-19 pandemic, record-high inflation, significant job losses, and rising rent prices have shaped the affordable housing landscape. Between 2019 and 2021, the shortage of homes affordable and available to renters with extremely low incomes worsened by more than 500,000 units, increasing from a shortage of 6.8 million to 7.3 … Read More “Addressing America’s Affordable Housing Crisis” »