Tag: Housing Supply
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Senate Passes ROAD to Housing Act—Builders, Housing Advocates Weigh In
In March, the U.S. Senate passed the housing bill called the 21st Century ROAD to Housing Act. The intent of the law is to make U.S. housing more accessible to more people. The price tag on a typical home sold in the U.S. is sidelining hopeful buyers caught in a troubled economy. The ROAD to…
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How Will War-Inflated Oil Prices Impact Home Sales and Mortgage Rates?
Spoiler: Mortgage rates at the 6% level may be looking awfully good a few months from now. The U.S.-Israeli war with Iran could “derail the crucial spring housing market as oil prices soar,” Realtor.com said as oil prices spiked above $100 a barrel. The website, owned by the National Association of REALTORS®, has bluntly stated:…
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Deeds Reserved for Affordability: Incentives for Home Buyers to Live in Hawaii
Hawaii continues to grapple with its housing crisis. Hawaii’s Hale Kamaaina Mortgage Program is a state-based initiative to connect first-time home buyers with cut-rate mortgages. And this year, it made an extra $3,000 available to its first 35 buyers. Hale Kamaaina offers first-time Hawaii home purchasers: The funding comes from tax-exempt mortgage bonds. Hawaii administers…
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Leave Some Deeds for the Rest of Us! Will the White House Lower the Boom on Corporate Buyers?
You may have heard about the Trump executive order on real estate investment companies. The idea is about keeping large companies from buying homes that ordinary deed seekers would want to buy. It comes in the midst of poll results showing voters upset with high prices, and profit-seekers buying up homes. Does this depend on…
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U.S. Housing Affordability Politics: What Is Still Possible?
Is it possible to offer real relief to people struggling with our housing affordability challenge? If so, then how? What do you think? Many of us have very good ideas. Can our law and policy makers hear us? The need for affordable U.S. housing has been left hanging way too long. So let’s look at…
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With a Million Homes Now on the U.S. Market, Why Aren’t Prices Falling?
This year, for the first time since 2019, a million homes are on the market. Listings are up more than 7% from last year, According to Realtor.com. Inventory is rising nationwide, with the southern and western parts of the country actually back to 2017-2019 levels! And homes are starting to linger on the market for…
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No Housing Market Crash on the Radar: NAR’s 2025 Prediction
The National Association of REALTORS® (NAR) expects a “rosier” housing market this year. If acquiring the deed to a home is on your list of new year’s resolutions, take note. NAR predicts a market rebound after our recent, two-year stall. No housing crash. Prices should keep going up — but gently, as U.S. real estate…
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A “Silver Tide” of Boomers Will Pass Their Deeds Along — And It’s Rolling
Freddie Mac is planning for nine million baby boomers to let their homes go — gradually. Freddie Mac’s recent analysis predicts just 300,000 boomer-owned homes will be released to the market this year. Larger numbers will follow, though, increasing year by year. Freddie Mac’s report shows the silver tide has begun to roll. Expect the…
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Can’t Wait to Move. (If Only We Could Pack Up Our Low Mortgage Rate and Take It With Us!)
Some people wish they could move, but hesitate to sell their current homes. They might be thinking: “I’d gladly sell my home right now, if only I could shift the remaining 25 years of my 4%-interest mortgage to the next house I buy! (Oh, well.)” “Giving up our 3% rate and getting a new mortgage…
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Time for a Move? Sellers Are Perking Up.
Home sellers are back. It’s an important sign of confidence in the U.S. housing market. Fannie Mae keeps tabs on people’s feelings (“sentiment”) about the market. And people are feeling better about it — if they happen to be potential sellers. Two-thirds of the people surveyed told Fannie Mae this is a good time to…
