The Joint Center for Housing Studies at Harvard University released its "State of the Nation’s Housing" report today.
The report shows home sales and housing starts nationwide staged an uneven comeback starting in early 2009. Improved affordability for first-time buyers and government intervention helped spark a turnaround and drove all of the increase in existing home sales last year, but record foreclosures continue to pressure markets and homeowners.
Despite positive signs early in the 2010 spring buying season, housing continues to face significant challenges.
Read the full report online (3.1 MB; PDF).
VHFA will release Vermont's equivalent to the report, our "Between a Rock and a Hard Place: Housing and Wages in Vermont," at a press event tomorrow morning.
Shortly after, the report will be available online as a PDF download.