Lack of income. Low savings accounts. Changing housing demographics. All of these are creating a bad recipe for housing right now. Plus, the future ahead doesn’t look much better, with a lot more people renting and fewer affordable homes becoming available. Per The Wall Street Journal:
And the latest problem: Policy makers in Washington don’t appear to care or are unaware of the growing issues.
J. Ronald Terwilliger, chairman emeritus and retired CEO of Trammell Crow Residential, recently posted a blog on HousingWire pushing the candidates of both political parties to start speaking to the severe and growing problems in housing.
Read more...Is the rental crisis bringing down housing? | 2015-06-08 | HousingWire