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2019 Housing Market

Affordability Receives a Jolt

Consumers’ homebuyer power increased in June by 3.3% from the prior month and has risen 12.2% year-over-year, according to First American Financial Corporation’s Real House Price Index (RHPI).  The report found that the average household income has grown annually 2.4% and 56.4% since January 2000. First American states house prices at 18% less expensive than …

Land-Use Regulations and its Impact on Affordability

A new study from Harvard University’s Joint Center for Housing Studies analyzes the efforts over the past five decades to remove barriers to homeownership, and certain zoning regulations have harmed affordability.  The author, Michael Stegman of Harvard University, said there have been at least five efforts to alleviate or lift housing barriers.  “Each is based …