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80 percent of Americans cite housing affordability as a growing national crisis

Posted by   /  September 12, 2019  /  Real Estate  /  No Comments

Twitter World Property Journal According to a new nationwide survey conducted by Morning Consult on behalf of the National Association of Home Builders, 80 percent of American households believe the nation is suffering a housing affordability crisis and at least 75 percent report this is a problem at the state and local level as well. […]

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How single-family home affordability has shifted since the 60s

Posted by   /  August 21, 2019  /  Real Estate  /  No Comments

Twitter Home and rent prices are rising much faster than incomes, creating a cost barrier in every region of the country – except the Midwest. By Mary Salmonsen | Builder In “A Timeline of Affordability: How Have Home Prices and Household Incomes Changed Since 1960?” Clever Real Estate summer associate Eylul Tekin has examined Census data […]

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Home affordability improves in Q2

Posted by   /  June 28, 2019  /  Real Estate  /  No Comments

Builder Still, the cost of owning the typical home remains out of reach or a significant financial stretch for the nation’s average wage earners. Median home prices in the second quarter of 2019 were not affordable for average wage earners in 353 of 480 U.S. counties analyzed by ATTOM Data Solutions in its Q2 2019 U.S. Home […]

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Nearly 700 builders shine a spotlight on housing affordability in Hill visits

Posted by   /  June 6, 2019  /  Real Estate  /  No Comments

NAHB Nearly 700 builders from across the nation converged on Capitol Hill today for the National Association of Home Builders (NAHB) 2019 Legislative Conference to urge their lawmakers to support policies that will increase the production of quality, affordable housing and keep the housing recovery moving forward. “With housing affordability near a 10-year low, we […]

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Housing demand hot in Phoenix exurbs

Posted by   /  April 19, 2019  /  Real Estate  /  No Comments

Jim Belfiore, presenting at the Belfiore Real Estate Consulting Phoenix Housing Market Update / Photo Callan Smith By Callan Smith | Rose Law Group Reporter New home buyers are seeking affordability and heading out of town to the exurbs to get it, Jim Belfiore, founder and president of Belfiore Real Estate Consulting, said Thursday at […]

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From the suburbs to the exurbs: Public records show cyclical nature of growth

Posted by   /  April 10, 2019  /  Real Estate  /  No Comments

YourValley.net By Philip Haldiman | YourValley.net It’s all about affordability when it comes to housing. There was a time when families flocked to the suburbs — places like Peoria and Chandler — to raise a family in homes big enough to grow older comfortably. Nothing has really changed since then, except now families are moving […]

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Most homes for-sale are unaffordable to most people

Posted by   /  December 4, 2018  /  Real Estate  /  No Comments

By Rose Quint | Eye On Housing Affordability continues to be a serious constraint for prospective home buyers. One way to find out buyers’ perception about this issue is to ask them to estimate the share of all homes for-sale in their markets they are able to afford. A strong majority of 79% say they can afford fewer than […]

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Book covers housing’s ‘wakeup call’

Posted by   /  November 20, 2018  /  Real Estate  /  No Comments

  Professional Builder “Who gets to live in the new urban America,” asks the subtitle of a new book, “Generation Priced Out,” by San Francisco-based housing activist Randy Shaw. The lack of affordability in housing is at crisis-level in markets across the U.S., and progressive cities are no exception, attributed to growing wealth segregation, a lack of upzoning constricting density, less […]

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Where home prices are falling the most

Posted by   /  October 31, 2018  /  Real Estate  /  No Comments

  REALTORMag Housing affordability is worsening due to higher mortgage rates, which is prompting a slowdown for what home sellers are able to get for their home. The U.S. median home price rose 4.8 percent in the third quarter, the slowest rate of annual appreciation since the second quarter of 2016, according to a new report […]

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Home prices at least affordable level since 2008; real estate consultant Jim Belfiore explains why

Posted by   /  June 22, 2018  /  Real Estate  /  No Comments

  AZBigMedia ATTOM Data Solutions, curator of the nation’s premier property database, today released its Q2 2018 U.S. Home Affordability Report, which shows that the U.S. home prices in the first quarter were at the least affordable level since Q3 2008. And the news doesn’t bode well for potential Arizona homeowners. The reports shows median […]

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