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Crisis lingers in this year’s State of the Nation’s Housing report

06/23/2016

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The Joint Center for Housing Studies of Havard University released its 2016 The State of the Nation’s Housing report that delves into a number of important housing issues, namely the lack of affordable housing, income inequality, concentrated poverty and the continuing decline in homeownership rates. According to the report, new home sales are strengthening with a 14.6 percent increase to 501,000 in 2015. Existing-home sales are blazing with a 6.3 percent increase to 5.3 million, which could lead some to believe the housing crisis is over. But in the study’s accompanying live webcast, moderator and CNBC journalist Diana Olick was quick to point out the crisis is improving — but not yet over. Income inequality and rising cost of living To back up her statement, Olick pointed t…

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