After a slight rebound in December and January, the slowing of the pace of new single-family home sales continued in February as a combination of broader affordability challenges – higher rates and more costly materials – and storm effects reduced the volume of purchases. New single-family home sales declined 18% in February to a 775,000 seasonally adjusted annual rate, according… Read More ›
Following two months of gains, existing home sales, as reported by the National Association of Realtors (NAR), dropped to a six-month low in February, as tight inventory continues to strain sales and fuel home prices. Storm effects due to a Southern winter storm also had an effect. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, fell 6.6%… Read More ›
The Biden Administration has withdrawn a problematic immigration rule that hindered lawful immigration and complicated matters for affordable housing providers. Following invalidation in the courts, the Department of Homeland Security published notice in the Federal Register on March 15 that officially rescinded the “Inadmissibility on Public Charge Grounds” regulation, known as the “Public Charge Rule,” and restored the previous regulatory definition of “public charge” first set in 1999.
