How much home can you afford to buy? Not as much as last year, it turns out, as existing home sales fall due to affordability and lack of inventory. The National Association of Realtors reported that existing home sales declined 3.7 percent in February to a seasonally adjusted rate of 5.48 million units. Economists polled [...]
Christmas Gifts: A Lump of Coal for the Housing Industry. Yesterday afternoon, I sat in on a conference call about covering the foreclosure crisis. But it wasn't so much a lesson in foreclosure journalism (if there's such a thing) as it was a discussion of where we are in the now four-year housing crisis with a dash of speculation as to when we might get out of here.