Build more housing that fits our communities: apartments above Main Street shops, starter homes on vacant lots, & new life for empty buildings.
Streamline approvals. Deliver property tax relief. Escrows are more than monthly principal and interest.
Grow the economy. Drive down interest rates.
In NY a new home and rental is out of reach for too many.
U.S. homebuyer demand is now weaker than during the 2008 housing crash.
NAR's pending home sales index hit 71.2 in August, below any reading from 2008 to 2011.
Contract signings are down roughly 45% from the 2020 peak and about 30% below pre-pandemic levels.
Mortgage rates are the problem: signings peaked in 2021 when rates were near 3%.