Items Tagged with 'affordability'

ARTICLES

  • NAR: Renters say they want to own a home

    But not for the reasons you might think
    About 75% of current non-homeowners say they would like to own a home one day, and consider it as part of the American Dream. However, the reasons why they want to buy a home, or more specifically, one major reason that isn’t a factor in their decision, might come as a surprise.
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  • Las Vegas sees boom in housing starts

    Hits highest level since 2008
    Housing starts in Las Vegas, Nevada, surged to housing boom levels at the end of 2017. However, these new homes are increasingly being built as more expensive, trade-up homes. In 2016, 42% of homes built were priced below $300,000, but in 2017, only 21% were built below that price line.
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  • First time buyers flood D.R. Horton Express homes

    Creates affordable option for new home buyers
    Four years ago, homebuilder giant D.R. Horton created its line of affordable homes targeted at first time homebuyers, which are now becoming increasingly more popular. In fact, Express homes made up more than one-third of homes sold and more than one-fourth of total home sales in the latest quarter.
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  • Will tax reform harm the housing market?

    Depends on where you live and how much you make
    For the most part, the latest tax reform will boost the average paycheck and do little to harm the housing market. However, according to two recent expert reports, the devil is in the details.
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  • New home construction increases to meet rising demand

    But increase could be temporary
    Housing starts increased significantly in October, rising 13.7%, however experts are torn about the reason for the increase, and if it will continue. While some say it is a temporary change due to the recent hurricanes, others point out factors that show housing construction will continue to increase.
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  • Thousands of groups call on Congress to use MID savings for low-income housing

    Organizations, state and local governments and elected officials stand together
    In a seemingly unprecedented move, a huge coalition featuring thousands of organizations, state and local governments, and elected officials joined together to call on Congress to use the savings derived from any changes to the mortgage interest deduction via the new tax reform bill to fund low-income housing.
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  • Rental market finally starts cooling down

    When renting can outweigh buying a home
    A lack of growth in rents over the past four months represents the longest period of stagnation in recent history and the slowest annual growth rate in six years. Even some of the most notoriously expensive markets such as Manhattan, San Francisco and Boston saw a halt in monthly rental price growth. In fact, now, in some circumstances, renting can even save more money than buying a home.
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