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A tale of two housing economies

Posted by   /  October 12, 2017  /  Real Estate  /  No Comments

Housing affordability barriers may stall economic growth engine: household formation. By John McManus | Builder Torsten Slok, Ph.D., is chief international economist and a managing director at Deutsche Bank Securities. The question Slok asked yesterday morning was this. Is household formation dropping because of affordability? READ ON:

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The incredible, disappearing home down payment

Posted by   /  September 21, 2017  /  Real Estate  /  No Comments

By Christopher Matthews | AXIOS Many real estate markets across the U.S. are in the midst of an affordability crisis because of rising home prices, tight access to credit, and a homebuilding industry that has been slow to build new homes. That’s made it hard for renting millennials — the oldest of whom are well into the prime […]

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A deeper look at rent-burdened households

Posted by   /  September 13, 2017  /  Real Estate  /  No Comments

By Carmel Ford | NAHB Households paying 30 percent of more in rent, a threshold long used by the federal government to identify “rent-burdened” households, has been a significant housing issue for some time. Nearly half of renter households (48 percent) in the U.S. were rent-burdened in 2015.[1] The large share of rent-burdened households is a […]

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Even affordable rentals are too expensive for lowest income

Posted by   /  August 30, 2017  /  Real Estate  /  No Comments

home rentals

By Suzanne De Vita | RisMedia Housing in major metropolitan areas is moving beyond the means of many, with renters, especially, burdened by rising rents and standstill wages. Affordability has become so strained, according to a recent analysis by Zillow, that even cheap rentals are out of reach for the very segment they’re priced for. Researchers at […]

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Realtor.com: Chandler among 10 best for affordability, schools

Posted by   /  July 28, 2017  /  Education, Real Estate  /  No Comments

AZ Business Magazine Realtor.com, a leading provider of online real estate services operated by News Corp subsidiary Move, Inc., today released its ranking of the 10 most affordable housing markets with top elementary schools. Led by Aurora, Illinois. (60503), located outside Chicago, the list also includes towns from all over the U.S., from Royersford, Pennsylvania., to […]

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Eight Phoenix-area cities among best places to rent

Posted by   /  July 28, 2017  /  Real Estate  /  No Comments

KTAR PHOENIX — When it comes to finding a place to rent in the United States, there are apparently few places better to look than the Phoenix area. According to financial website WalletHub, eight Valley cities were among the best spots in the nation to rent, with Scottsdale topping the list. “Really high rental affordability,” WalletHub spokeswoman […]

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