Policies and Regulations

Of the 17 million new households formed in the next 15 years, 13 million will be traditional minorities. The need is immense…and the opportunity is contracting. Homeownership is under attack from many different venues. Single family homeowners lost nearly $7 trillion in aggregate value from the peak in 2007. With the $7 trillion value loss, homes are more affordable than any time in the past 15 years. We have the lowest mortgage rates in history, and yet homeownership rates are falling in every segment of America. Credit is too tight; government and business policies are making it very difficult for first time homebuyers to achieve the dream of homeownership; legislation and regulation currently under consideration could make it even less attainable.