We are in a historically significant chapter for housing, one that has witnessed affordability deteriorate to levels unseen in decades In fact, 2021-2023 has seen the fastest-ever deterioration in U.S. housing affordability. That'll happen when mortgage rates spike from 3% to… pic.twitter.com/8mz9w6B8p3

The Local Market Reports evaluate a number of factors affecting home prices, including the health of the local job market, foreclosure rates, housing inventory, debt-to-income and mortgage-servicing-costs-to-income ratios. View your market's report: www.nar.realtor/research-and-statistics/research-reports/local-market-reports pic.twitter.com/Gx8fLkDyUi

NAR Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation's largest metropolitan housing markets. Q1 2024 report available now: www.nar.realtor/research-and-statistics/research-reports/local-market-reports

"we cannot rezone our way to affordability" “... despite there being over 110,000 approved sites, only 26,000 sites, or less than a quarter, had been sold over the past decade." “Instead of land and housing prices falling as home buyers were promised, prices increased by an…