Items Tagged with 'affordability'

ARTICLES

  • NAA: Multifamily parking ratios lowest since 1960s

    Impending autonomous cars, ride-sharing, affordability, legislation are pushing parking ratios down
    Parking ratios for multifamily properties are falling in most metros thanks to urbanization and changing attitudes toward car ownership. According to a study from the National Apartment Association, over the last decade, the average parking ratio per unit dropped to 1.46, the lowest it has been since the 1960s.
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  • LIBOR pushes ARM rates higher, borrowers brace for impact

    Majority of increase yet to be felt
    As home prices rise and interest rates increase, potential home buyers are not the only ones affected by the affordability changes. Homeowners who previously bought their home using an adjustable-rate mortgage are now seeing an increase in their monthly mortgage and interest payments, with more increases yet to come.
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  • Zillow: America will have 23 more $1M housing markets by next year

    Affordability is slated to die for good in more and more cities in the U.S.
    Over the next year, the median value of a home will soar to $1 million or more in 23 more U.S. cities, providing further evidence of the worsening affordability of housing around the nation and a harbinger of how much worse it will get. Is it time to say goodbye to affordability?
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  • Here are 5 costs homeowners often overlook

    And the best ways to avoid them
    Purchasing a home may be the biggest decision you make your entire life. The way you choose to invest your money could either set you up for failure or success. Hippo, an InsureTech company, lists 5 hidden homeownership costs and provides some insight on the best ways to avoid them.
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  • The No. 1 U.S. market just got more affordable

    Builders focusing on more affordable housing
    Affordability continues to drop as home prices and interest rates rise and homebuyer demand grows. But in one market, the price for new homes just dropped, making it just a little more affordable for first-time homebuyers. Here’s why.
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  • NAR: Home prices soar to all-time high

    Affordability becoming a distant memory for today's homebuyers
    According to research from National Association of Realtors, second quarter home prices soared to an all-time high. The national median existing single-family home price in Q2 was $269,000, up 5.3% year-over-year and surpassing last year’s Q2 as the new peak.
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  • Want an extra $1,000 to pay off your mortgage?

    New Jersey senator proposes tax credit relief
    A New Jersey senator proposes a $1,000 tax credit to help middle-class homeowners pay off their mortgages. With home prices increasing at least twice the rate of inflation, the measure could bring much-needed relief to Garden State homeowners.
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  • Freddie Mac: Mortgage rates moderately increase

    Higher wages and better benefits increase home affordability
    Rising employment and increasing wages led to a slight climb in mortgage rates, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater says global trade tensions are keeping investors cautious, thus borrowing costs have become more affordable for potential homebuyers.
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  • Younger generation can’t afford to buy a home

    Paychecks aren’t keeping up with home prices, and first-time homebuyers are stuck
    We’ve come a long way since the 1950s – 20-somethings just aren’t getting hitched, moving to the burbs and popping out three kids like they used to. And good thing, because they couldn’t afford it. New research from Freddie Mac reveals homeownership rates among young adults has dropped and isn’t likely to pick up any time soon.
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  • Fannie Mae: Both renters and homebuyers feel pessimistic about affordable housing availability

    Affordability concerns could be keeping people in their homes and contributing to inventory shortage
    Renters and owners are more likely to be concerned about housing affordability when they have to find a new place to live compared to the affordability of where they already live, according to a report from Fannie Mae. Basically, people feel more comfortable paying what they pay now and are concerned that their payment (whether it's rent or a mortgage) will be less affordable than what they currently have.
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