...up faster than incomes, and that's led to some of the affordability challenges that we see in the market," said Danielle Hale, Chief Economist of realtor.com. "Homes were basically on...
Read More »Search Results for: Affordability
Affordability at an 18 Month Best
Affordability is the best it's been in over a year, according to the latest Mortgage Monitor Report from Black Knight. Black Knight Data & Analytics President Ben Graboske notes in...
Read More »Are Inmates the Answer to Affordable Housing Issues?
One of the major issues facing the housing industry is the persistent battle for inventory and affordability. Iowa is looking to combat that, as it is using inmates from the...
Read More »The Debate Over Single-Family Zoning
...zoning is unpopular among most homebuyers, Presidential candidates from both sides of the political spectrum recognize it as a necessary policy for addressing housing affordability,” Fairweather said. “Democrats, such as...
Read More »Housing Industry Reacts to Latest Jobs Report
...The housing industry, though, still faces issues with affordability and the “excess of demand” for supply of lower price points. Odeta Kushi, First American Financial Corporation’s Deputy Chief Economist, said...
Read More »How Much Was Spent on Private Residential Construction?
...impact housing affordability. According to the report, regulations account for 25% of the price of a single-family home, and 30% of the cost of a multi-family development. “Removing regulatory barriers...
Read More »Home Prices Climbing Higher
...rates remain near recent lows, we could see prices pick back up as a result of improved affordability as well as the possibility of more limited inventory availability,” Hale said....
Read More »Chronicling California’s Affordability Issues
California is no stranger to affordability issues, but a new report by The Mercury News reveals that today’s buyers pay nearly nine times the median annual income—$100,000—for a home in...
Read More »Housing’s Impact on the GDP
...contribution to GDP growth was home building and remodeling, which fell to just 3.1% of the GDP. The NAHB stated the lack of housing supply caused by “ongoing housing affordability...
Read More »Where are Homeowners Looking to Relocate?
...home more affordable, but not affordable enough for typical homebuyers contending these areas’ sky-high home prices and taxes. The homebuyers who are heading out of town in search of affordability...
Read More »