Tag Archives: mortgage credit

The Next Affordability Pinch

photo credit: Payton Chung

Yesterday’s home sales figures from the National Association of Realtors remind us that despite reasons for optimism, the market is not quite out of the woods. It’s important to note that the 2.6 percent slide (compared to March) is for home sales.  Continuing a multi-year trend, rental vacancy is still going down.  In short, many people who previously would have been potential homeowners are renting.  This is a big deal for affordability.  Bear with me here… Continue reading

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Solution to the Affordability Paradox?

photo credit: respres

A few days ago, I did a post on the paradoxical state of the housing market: home prices are at record lows, which is great for affordability, but mortgage credit markets are also very tight with adjustments to additional, and much-needed, government oversight.  So, unless you’ve got excellent credit, these low housing values are probably out of your reach.  And in terms of affordable housing, it’s not the people with excellent credit who struggle to become homeowners. Continue reading

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The “Paradox” of Housing Recovery

Photo credit: Sean O'Flaherty

Yesterday, Suzy Khimm of the Washington Post posted an article about the frustrating, yet logical paradox of today’s housing market:

“There’s a seeming paradox at the heart of the housing crisis: housing is more affordable than ever, but potential homebuyers remain skittish and banks have dramatically tightened their lending standards.” Continue reading

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