Affordable Housing Crisis Archives

Record-Breaking Gap Between U.S. Home Sellers and Buyers Hits 500k

13-J0000006-1999 | Affordable Housing Crisis, Housing Market

The U.S. housing market is facing a significant gap between those selling homes and those looking to purchase a property, with 500,000 more properties listed for sale compared to the number of buyers. As reported by Redfin, the numbers came in at 1.9 million active...

Mortgage Applications and Pending Home Sales Plunge as Housing Supply Rises

13-J0000006-1999 | Affordable Housing Crisis, Housing Market, Mortgage Rates

As the spring housing season wraps up this month, a great number of prospective buyers and sellers are held back as both pending home sales and mortgage applications continue on a downward trend. For buyers, high property prices, continually elevated mortgage rates,...

Mortgage Rate Dip Overshadowed by Economic Volatility Keeps Homebuyers on the Sidelines

13-J0000005-1999 | Affordable Housing Crisis, Economic Indicators, Housing Market, Mortgage Rates

Mortgage rates dipped this week, according to Freddie Mac, with the average rate on a 30-year fixed home loan landing at 6.76%, down from 6.81% the previous week. This may seem like a hopeful move in the right direction, but homebuyers and sellers are not taking the...

Report Reveals Homeowners Must Earn 81.8 Percent More Than Renters to Make Home Affordability Possible

13-J0000004-1999 | Affordable Housing Crisis, Housing Market, Mortgage Payments, Rental Property

A recent Redfin report highlights the income gap between the average homeowner and renter, emphasizing that home affordability is out of reach for many Americans. The data found that homeowners needed to earn a little over $50,000 more than renters, which comes to a...

Pending Home Sales See Record Cancellation Rates as More People Turn to Rentals

13-J0000003-1999 | Affordable Housing Crisis, Housing Market, Investing in Real Estate

According to a new Redfin analysis, there were 41,000 home-purchase agreement cancelations in January 2025, which was a rise of 13.4% from the previous year, bringing it to a level not seen since 2017. The housing market has been on shaky ground for some time now,...

Cutting Through Red Tape Bureaucracy to Fix the Affordable Housing Crisis

13-J0000002-1999 | Affordable Housing Crisis, Housing Prices, Trump Administration

The United States has been dealing with an affordable housing crisis for far too long now, and those who have done their homework know the bureaucracy that took place over the past four years played a big part in taking down the housing market. Fast forward to 2025,...