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Tag Archives: U.S. Department of Housing and Urban Development

Bad News for Starter Home Hopefuls

New residential sales statistics came out Tuesday from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. According to the National Association of Realtors (NAR), the drop in new home sales for April could be worrisome for first time and low-income homebuyers as inventory shortage is likely to cause the price of new homes to rise more than it has previously. As it stands, newcomers to home buying will continue to face financial and availability challenges.

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2016 Presidential Candidates Asked to Address Housing Crisis in Campaigns

In a piece published as a Fox News Opinion earlier this week, Scott Brown, a Republican Senator for Massachusetts from 2010 to 2013 and Henry Cisneros, a Democrat who served as HUD Secretary from 1993 to 1997 during the Clinton Administration, urged those campaigning for next year's presidential election speak about the housing industry's most pressing issues in their campaigns and address what they call a "silent" housing crisis, since it is "largely overlooked by the media and strangely underestimated by our nation's political leaders

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