Affordable Housing, Announcements, Federal News

U.S. Housing Market Continues to Recover

Urban Institute

The aggregate value of U.S. homes continues to rise – along with prices – while mortgage debt has declined every year since 2007, according to the Urban Institute’s “Housing Finance At a Glance,” a monthly chartbook that tracks the government’s role in mortgage markets.

The decline is mostly driven by the lack of available credit, which gives an advantage to investors with cash. Adjustable-rate mortgages account for roughly 7% of new mortgage originations, up from the historic low of 1% in 2009.

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