Bidding Wars Wane in U.S. Housing Markets on Supply Rise
Higher mortgage rates and an increase in values are reducing affordability, while also encouraging more sellers to list their properties. This could mean price growth will slow after the biggest increases since 2006. The government shutdown may have weakened confidence as well.
Recovery Hampered Until Lawmakers Focus on Housing Policy Source: DSNews.com The Opportunity Agenda, National Fair Housing Alliance, and the National Association of Real Estate Brokers (NAREB) have released a new report that argues U.S. housing policy is broken because the government has failed to provide millions of would-be homeowners the credit and financing they need to achieve the American Dream. The report calls for 10 administrative actions that the Federal Housing Finance Agency (FHFA) should take. Read the full story: http://www.dsnews.com/articles/hgjh-2013-11-15