Dallas City Homes (DCH)的动态

Thoughtful article on the housing affordability crisis. Not a surprise for those of us in the industry but still good to see the challenges pointed out. Relaxing land use regulations– as mentioned here– is a good start.

2024 is forecast to have 672,285 new housing units come online by year-end. However, this influx of supply does not necessarily improve affordability across the country. ?? So, this begs the question – what is being done to combat the affordable housing crisis? Keep reading to find out. #commercialrealestate #titleinsurance #GArealestate #escrowservices

2024 is forecast to have 672,285 new housing units come online by year-end. However, this influx of supply does not necessarily improve affordability across the country. ?? So, this begs the question – what is being done to combat the affordable housing crisis? Keep reading to find out. #commercialrealestate #titleinsurance #GArealestate #escrowservices

2024 is forecast to have 672,285 new housing units come online by year-end. However, this influx of supply does not necessarily improve affordability across the country. ?? So, this begs the question – what is being done to combat the affordable housing crisis? Keep reading to find out. #commercialrealestate #titleinsurance #GArealestate #escrowservices

????Looking to the future: How can we bridge the gap in America's housing market? From streamlining regulations to promoting affordability, there are steps we can take to ensure everyone has a place to call home. Join the conversation: https://lnkd.in/dvPFB47x #FutureOfHousing #AffordableLiving #CommunityDevelopment

What are the Most Affordable Housing Markets in the World? Housing affordability in the United States has steadily declined throughout 2022 as prices and interest rates continue to rise. Affordability plays an enormous role in the housing market’s direction, and recent declines are the leading factor in the housing correction we’re currently experiencing. To understand where the market is going, we need to look closely at this issue. Has affordability ever been as low as it is today? Is this level of affordability sustainable, or could it get worse? What markets are still affordable? These are all critical questions that can help inform your investing strategy. In this article, I’ll help you make sense of today’s housing market by exploring the history of housing affordability in the U.S., how the U.S. compares to other countries in terms of housing affordability, and help you identify some of the most and least affordable markets in the nation. Please note that affordability is a huge topic—too big for any one article. In future articles, I will look to address additional aspects of affordability like the causes, potential solutions, and rent affordability. Housing Affordability in the United States Housing ‘affordability’ refers to how relatively easy it is for an American with an average income to afford an average-priced home. Right now, affordability is relatively low. According to the data provider, Black Knight, affordability is at its lowest since the early 1980s. This follows an extended period of relatively affordable housing that lasted from the end of the Great Recession until the beginning of 2022. To understand why affordability has changed course so quickly, we need to examine the primary components of affordability: housing prices, household income, and interest rates. Housing Prices: When houses get more expensive, it puts downward pressure on affordability. And we all know housing prices have grown tremendously over the last two years, going up 38% nationally from July 2019 to July 2022. Only now are prices starting to fall, but it’s uneven across markets. Household Income: The income of a prospective homebuyer is, of course, an important factor. Wages have risen 16% since the beginning of 2020, which is very quick in historical contexts but not nearly enough to keep pace with housing prices (or inflation). Interest Rates: Most Americans use some sort of debt to finance a home purchase. As interest rates rise, debt becomes more expensive, and the costs of a home purchase go up. For example, buying a $400,000 house at 4% interest would cost the buyer about $1,910/month. At 6% interest, the same house would cost just under $2,400/month. With this context, it should be easy to see why affordability has trended in the way it has. At the beginning of the pandemic, interest rates plummeted, creating one of the most affordable housing markets we’ve seen in the U.S. for as long as I have data for.

What are the Most Affordable Housing Markets in the World? Housing affordability in the United States has steadily declined throughout 2022 as prices and interest rates continue to rise. Affordability plays an enormous role in the housing market’s direction, and recent declines are the leading factor in the housing correction we’re currently experiencing. To understand where the market is going, we need to look closely at this issue. Has affordability ever been as low as it is today? Is this level of affordability sustainable, or could it get worse? What markets are still affordable? These are all critical questions that can help inform your investing strategy. In this article, I’ll help you make sense of today’s housing market by exploring the history of housing affordability in the U.S., how the U.S. compares to other countries in terms of housing affordability, and help you identify some of the most and least affordable markets in the nation. Please note that affordability is a huge topic—too big for any one article. In future articles, I will look to address additional aspects of affordability like the causes, potential solutions, and rent affordability. Housing Affordability in the United States Housing ‘affordability’ refers to how relatively easy it is for an American with an average income to afford an average-priced home. Right now, affordability is relatively low. According to the data provider, Black Knight, affordability is at its lowest since the early 1980s. This follows an extended period of relatively affordable housing that lasted from the end of the Great Recession until the beginning of 2022. To understand why affordability has changed course so quickly, we need to examine the primary components of affordability: housing prices, household income, and interest rates. Housing Prices: When houses get more expensive, it puts downward pressure on affordability. And we all know housing prices have grown tremendously over the last two years, going up 38% nationally from July 2019 to July 2022. Only now are prices starting to fall, but it’s uneven across markets. Household Income: The income of a prospective homebuyer is, of course, an important factor. Wages have risen 16% since the beginning of 2020, which is very quick in historical contexts but not nearly enough to keep pace with housing prices (or inflation). Interest Rates: Most Americans use some sort of debt to finance a home purchase. As interest rates rise, debt becomes more expensive, and the costs of a home purchase go up. For example, buying a $400,000 house at 4% interest would cost the buyer about $1,910/month. At 6% interest, the same house would cost just under $2,400/month. With this context, it should be easy to see why affordability has trended in the way it has. At the beginning of the pandemic, interest rates plummeted, creating one of the most affordable housing markets we’ve seen in the U.S. for as long as I have data for.

2024 is forecast to have 672,285 new housing units come online by year-end. However, this influx of supply does not necessarily improve affordability across the country. ?? So, this begs the question – what is being done to combat the affordable housing crisis? Keep reading to find out. #commercialrealestate #titleinsurance #GArealestate #escrowservices

Please read this post about affordability in housing and how we can help with Coliving!

What are 92 of the Most Affordable Housing Markets in the World? Housing affordability in the United States has steadily declined throughout 2022 as prices and interest rates continue to rise. Affordability plays an enormous role in the housing market’s direction, and recent declines are the leading factor in the housing correction we’re currently experiencing. To understand where the market is going, we need to look closely at this issue. Has affordability ever been as low as it is today? Is this level of affordability sustainable, or could it get worse? What markets are still affordable? These are all critical questions that can help inform your investing strategy. In this article, I’ll help you make sense of today’s housing market by exploring the history of housing affordability in the U.S., how the U.S. compares to other countries in terms of housing affordability, and help you identify some of the most and least affordable markets in the nation. Please note that affordability is a huge topic—too big for any one article. In future articles, I will look to address additional aspects of affordability like the causes, potential solutions, and rent affordability. Housing ‘affordability’ refers to how relatively easy it is for an American with an average income to afford an average-priced home. Right now, affordability is relatively low. According to the data provider, Black Knight, affordability is at its lowest since the early 1980s. This follows an extended period of relatively affordable housing that lasted from the end of the Great Recession until the beginning of 2022. To understand why affordability has changed course so quickly, we need to examine the primary components of affordability: housing prices, household income, and interest rates. Housing Prices: When houses get more expensive, it puts downward pressure on affordability. And we all know housing prices have grown tremendously over the last two years, going up 38% nationally from July 2019 to July 2022. Only now are prices starting to fall, but it’s uneven across markets.