The Housing Affordability Index hit a record low of 98.1 in 2023, indicating that the median-income family could no longer afford a median-priced home. Future outlook for the housing market Despite the recent cooling, experts forecast a potential recovery in the coming years. The Freddie Mac ...
Given the affordability challenges, for developed and advanced developing countries, housing programs should be focused on the poor. Subsidies are argued to be unproductive due to their general equilibrium impacts which undo their partial equilibrium effects on affordability; Local elasticity of housing su...
Pending is not the same as sold. It means that the seller has signed a contract with the buyer for the home sale, but the sale isn’t final yet. Can a seller back out of a contingent offer? It depends. A seller may be able to back out of the offer if the current buyer doesn’...
My main concern was affordability, as I’d lost my nest egg in the housing crash of 2008. I knew I could never afford to retire in the U.S., so I needed to find a place where I could live on my pensions. Spain’s low cost of living was a pleasant surprise, but Spain offers ...
Unaffordability is a major problem in cities of all kinds. Many households spend far more on housing and transportation than is considered affordable, and many people who would like to live in magnet cities cannot due to…
The affordability of a 3D-printed home comes from a lot of different directions. First, you have the house itself. Building a 3D-printed home requires less labor and reduces job site waste compared with a traditional stick-built home, even though the only change is that the walls are made...
reading of 41% underscores the financial strain many American families face, dedicating a significant portion of their income to housing. This index, alongside metro and low-income level analyses, offers crucial insights into the disparities and challenges in housing affordability across the United ...
There's no dismissing the fact that housing affordability continues to be a major pain point for Americans.— Mark Hamrick, Bankrate Senior Economic Analyst “Shelter continues to be a contributor to the rise in the main gauge of prices at the retail level,” says Mark Hamrick, Bankrate’s ...
According to the Desjardins Affordability Index, affordability in Ontario will return to the same level it was at in early 2021. The Bank of Canada’s interest rate hikes have taken a toll on the housing market, slowing the pace of home sales and sending prices tumbling. ...
"Thereal estate sector, for example, may be significantly impacted as changing rates drive the cost of mortgage financing and can weigh on housing affordability and property market values over time," he says. Alternatively,consumer staples, which include companies such as food processors, grocery st...