Increases in house prices and, soon, interest rates have an obvious impact on housing affordability reducing opportunities for affordable homeownership.
President Biden nominates Sandra L. Thompson as Director of the Federal Housing Finance Agency (FHFA). Thompson pledges to address racial homeownership gap.
Rents Rise: Record low supply, skyrocketing prices, and fierce competition from other buyers and investors are forcing many would-be buyers into rentals.
NPR interviewed HUD Secretary, Marcia Fudge to learn more about averting the housing crisis and stemming the tide. “We have the resources. We CAN do this.”