Housing Counseling Works: 2023

As a member of the HUD Housing Counseling Federal Advisory Committee I thought REALTORS who work with first time home buyers and seniors who are down sizing would benefit from reading the updated HuD publication,   Housing Counseling Works: 2023.

This updated paper provides a comprehensive overview of recent developments in homebuyer education and housing counseling services. Integrating new research findings since 2017, the report expands on existing sections and introduces fresh insights from HUD's First-Time Homebuyer Education and Counseling demonstration. Additionally, it delves into research on housing counseling services linked to Home Equity Conversion Mortgages and HUD's Housing Choice Voucher homeownership program. The paper introduces a novel section examining disparate housing and financial outcomes for individuals and families. Although evidence suggests that housing counseling can enhance outcomes, the report highlights potential unequal benefits across demographic groups. It also underscores a lack of research on equity outcomes in homebuyer education and counseling services, emphasizing the need for more targeted research on the relevance and utility of standard curricula for diverse demographic groups. Read more at: https://www.huduser.gov/portal/publications/Housing-Counseling-Works-2023-Update.html.

Paul Yorkis, C2EX, SRES, CRS, AHWD

President

Patriot Real Estate, Inc.

Medway, MA 02053

Cell 508-509-7860

pgyorkis@gmail.com