A new Redfin report shows homebuyers now need a household income of $115,000 to afford a median-priced home. That’s roughly $40,000 more than the typical U.S. household earns.
Byron Lazine shares his perspective on a recent RFK Jr Tweet with the president-hopeful’s idea for fixing the U.S. housing affordability crisis, along with some comments on the Tweet and a response from HW’s Logan Mohtashami.
New reports from ATTOM and Redfin show a continued decline in housing affordability, driving the share of average income needed to cover housing costs up to 35% and increasing the number of listings with price reductions.
National Association of Realtors® and Realtor.com released a report that analyzes the supply of homes by income level. It found the greatest shortage of housing inventory is for middle-income earners, with a shortage of almost 320,000 homes.
A recent Zillow survey found that the majority of adults across 29 metros support building houses and apartments in their neighborhoods to improve housing affordability.
This week, Rocket Mortgage announced ONE+, a 1% down home loan program in the United States. The program, which also eliminates mortgage insurance fees, is available to American homebuyers whose income is equal to or less than 80% of their area median income (AMI).
Housing market experts in Zillow’s Home Price Expectations Survey (ZHPE) say relaxing zoning rules would be one of the best ways to solve housing affordability issues
A new Redfin report shows only 21% of home listings were affordable for the typical U.S. household in 2022, down from 40% in 2021. Only 9% of homes for sale were affordable for the typical Black household, compared to 28% for the typical white household.
Byron Lazine and Tom Toole discuss shifts in inventory, the record low for housing affordability, young adults on the move, mortgage rate volatility, and why agents should be having conversations with local decision-makers.
On January 26, 2023, the Biden-Harris Administration announced a Renters Bill of Rights, outlining actions to protect renters and promote rental affordability.
The Federal Housing Finance Agency (FHFA) announced new conforming loan limit values. Here’s what it could mean for the industry.
Homes may not be affordable in 16 years. Glennda Baker discussed how buying a house for your child could help pay for their college and give them a future home.
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