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California Realtors Fault Legislators for Ignoring Homeownership Program in New Budget

California Realtors Fault Legislators for Ignoring Homeownership Program in New Budget

by Phil Hall | Jun 16, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The California Association of Realtors (CAR) has criticized the state legislature for omitting a homeownership assistance program in its 2023-24 state budget. The trade group issued a statement that declared it was “disappointed that the legislature failed to...
House Members Introduce Bill to Spark Affordable Homeownership Opportunities

House Members Introduce Bill to Spark Affordable Homeownership Opportunities

by Phil Hall | Jun 12, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A bipartisan bill has been introduced in the U.S. House of Representatives that would create a tax incentive designed to produce 500,000 starter homes over the next decade. Reps. Mike Kelly (R-PA) and Brian Higgins (D-NY) authored the Neighborhood Homes Investment...
Hits and Misses for the Real Estate Week of June 5-9

Hits and Misses for the Real Estate Week of June 5-9

by Phil Hall | Jun 9, 2023 | Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

Canada burns while America chokes, a lone voice calling for GSE reform and a blip of good news on affordable homeownership. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Miss: Trudeau Fiddles While Canada Burns. Most...
Wanted: 320,000 Affordable Homes for Middle-Income Buyers

Wanted: 320,000 Affordable Homes for Middle-Income Buyers

by Phil Hall | Jun 8, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Middle-income homebuyers can only afford less than one-quarter (23%) of properties currently being listed, according to new data from the National Association of Realtors (NAR). Working under the definition of a middle-income buyer as a household earning up to...
Affordable Homeownership Strangled by Tighter Credit, Low Inventory

Affordable Homeownership Strangled by Tighter Credit, Low Inventory

by Phil Hall | Jun 5, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Affordable homeownership opportunities continue to be an elusive concept, with new data from Black Knight Inc. (NYSE:BKI) that found all of the nation’s 100 largest markets remain less affordable than their respective long-term averages. The new data study determined...
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