A recent survey of builders found that in many instances, the government added extra costs in order to protect the environment and improve the surrounding area for existing residents.
Read More »How Retirees Will Transform the Housing Industry
Those that are preparing to enter into retirement are expected to alter the housing market in four major ways, according to a new report.
Read More »Home Builders Detained by Rising Compliance Costs
Home builders have hit a roadblock. The ramped up regulatory environment has made it difficult for home builders to build affordable homes.
Read More »The Affordability Problem: New Home Demand Hinges on Wage Growth
With household income lagging and home prices continuing their upward climb, fewer buyers are able to afford a home in today's housing market
Read More »Where are the Affordable Housing Markets?
As housing markets heat up in some of the most popular metros across the country, many buyers are opting to cut their ties and purchase a home in a more affordable city.
Read More »Multi-Generational Households Grow in Number
More U.S. families are opting to live together in one household for a number of reasons, but are these multi-generational homes hindering new household formation?
Read More »Renters Aren’t Converting into Homebuyers, Report Shows
But these declining numbers are nothing new. The numbers of renters making the transition to homeownership has dropped consistently over the past couple of years, and rates have remained below 17 percent mark (the historical average) since 2008.
Read More »Low Interest Rates Create 12 Percent Home Price Appreciation
Each 1 percent drop in interest rates in the last 15 years has allowed home sellers to raise prices 12 percent. According to the report, a typical family earning $60,000 per year can afford a mortgage payment of $1,800 per month, and would have qualified for a $245,000 mortgage in the year 2000 when mortgage rates were 8 percent. This same family qualifies for a home priced at $377,000 when rates are 4.0%.
Read More »Report: Student Debt to Drive 2014 Home Sales Down 8%
Going against recent assertions that student debt may not prove as big a hindrance to the housing market as feared, a new report from researchers at John Burns Real Estate Consulting argues that student loans could cost the industry tens of billions of dollars this year alone.
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