Tag Archives: Housing budgets

Office-to-apartment conversions have more than quadrupled in the past four years, according to a new study, which revealed that the reconstruction of office buildings into living spaces is expected to hit a new record in 2024.

How many years' worth of income do homebuyers across the globe need to afford a starter home? A new article revealed the amount required and in which countries beginning homes are affordable to buy—and where they're not.

According to the National Association of Home Builders, single-family starts are expected to grow in 2024, and while builder sentiment improved, "builders will face growing challenges with building material cost and availability, as well as lot supply," according to NAHB Chairman Alicia Huey.

As housing affordability remains a concern for many Americans, a new Point2 study revealed the biggest U.S. cities where it's easiest for Gen Zers to become homeowners—and locations where it's nearly impossible.

According to Joel Kan, MBA’s VP and Deputy Chief Economist, “Mortgage applications for new homes showed a 22% annual gain in December—the 11th consecutive year-over-year increase in applications.”

Rents are elevating, growing at a much faster pace than home prices in most local U.S. markets. According to new data, however, renting remains more affordable than homeownership for many.

Redfin's latest housing market update showed that the total share of homes on the market is down nearly 18% year-over-year, representing the biggest decline since February 2022. A significant lack of homes for sale caused home prices to rise nearly 5% annually, as mortgage-purchase applications remain at their lowest level in nearly three decades.