In August 2022, rent was less affordable than the previous year. Renters earning the typical household income devoted 26.4% of their income to lease a typical for-rent home (vs. 25.7% in August 2021). 

I would say if you're a homebuyer, or a young person looking to buy a home, you need a bit of a reset.

Edward Pinto is a popular panelist at American Enterprises Institute Conferences (AEI): 10th Annual Housing Conference - Join AEI for the 10th annual housing conference...

The AEI housing arbitrage index aims to measure the extent of how much money an individual could save by selling a home in their current location and moving to another.

No cash out volume is now at its lowest level of the 2019-22 period due to rates having more than doubled (+4 1/8 ppts) since the beginning of 2021, resulting in refi burnout. Volume in 2022 weeks 42 is down 94% from 2021.

The problem is we are being gutted, and you guys are talking the same nonsense

Panels will explore our latest research on the housing market, Light-Touch Density, systemic racism and systemic disadvantage, the connection between housing supply and homelessness, and much more.

"Too much money chasing too few goods." (Watch closely as the FED dumps Assets in the next few months).

From January to May, home prices nationwide rose by 9.5% according to the AEI data, or at an annual pace of 22%, probably the most sizzling span on record. The increases cooled to an average of just 0.35% in June and July before cratering 1.6% in August.