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Added Rafael E. Cestero, CEO of The Community Preservation Corp.: “At a time when we are facing a national housing availability and affordability crisis, we need to marshal our resources to expand and preserve housing in our communities.…
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“The combination of higher mortgage rates and the slowdown in economic growth is weighing on the housing market,” said Sam Khater, Freddie Mac’s chief economist. “Home sales continue to decline, prices are moderating, and consumer…
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Read more: US housing market sliding into recession “This month’s very modest decline reflects the recent retreat in mortgage rates,” he noted. “Inventories are growing for homes in the upper price ranges, but limited supply at lower price…
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