housing affordability
housing affordability Articles
In the early months of the COVID-19 pandemic, demand for housing surged in the United States. New, single family homes sales topped 1 million in October 2020, the highest level in over 14 years....
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Homeownership has long been a cornerstone of the American Dream. But in the current housing market — defined by soaring property values and historically high mortgage rates — the prospect of...
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Several factors determine the attractiveness of a city, and when these factors turn negative, cities often lose residents. Some subjective factors include weather, community, and vibrancy. Other...
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The common lending guideline, or the 28% mortgage rule, stipulates that homeowners should spend 28% or less of their monthly gross income on major housing expenses — including mortgage principal,...
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A new study on the income needed to buy a median-priced home presents yet another example of the huge U.S. income disparity.
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In May 2023 the median home listing price reached $441,000, up from $430,000 in April. Despite the increase, the price is down from a record high of $449,000 in June 2022. The yearly growth rate in...
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The median home listing price in May 2023 rose to $441,000, a 0.9% annual increase. Despite the increase, the price is down from a record high of $449,000 in June 2022. This cooling trend is hopeful...
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