Nicholas Rausch's (nickrausch) Blog

Affordability is one of the main contributors of the housing market decline. The National Association of Realtors (NAR) released their Housing affordability Index last May which ( very simply put) compares family income versus mortgage amount. Which shows percentage increase of more than 12% from...

According to the RL Brown Real Estate report ...  "housing permits, the leading gauge of home construction was down more than 40% in July, compared with a year earlier." Undoubtedly, this is unfortunate news for builders, who are large contributors to the Greater Phoenix economy. However, this i...