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Record Appreciation Is Sending Homeowner Wealth Soaring

Pro Builder

Middle-income homeowners have seen their properties appreciate by 68% since 2012, amounting to $122,100 in equity wealth, according to the National Association of Realtors. Similarly, low-income homeowners reported $98,900 in equity gains, and upper-income households accrued $150,800 in equity.

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Rent or Buy. The Biggest Deciding Factors in Today’s Housing Market

Pro Builder

The Biggest Deciding Factors in Today’s Housing Market ldeakins Thu, 04/27/2023 - 10:53 Home prices and rental costs are at all-time highs, so how are Americans determining which housing option is more affordable? Across the 50 largest metro areas in the U.S., Rent or Buy.

Housing 52
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Third Quarter Metro Affordability Report Reveals a Tight Market for First-Time Buyers

Pro Builder

Third Quarter Metro Affordability Report Reveals a Tight Market for First-Time Buyers. times the median first-time home buyer income, and many inaugural buyers were also priced out of the housing market by older competitors backed by existing equity. . Housing Markets. Housing Markets. Market Data + Trends.

Metro 52
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6 guideposts for cities to create equitable transit-oriented developments

BD+C

Multifamily Housing Affordable Housing Office Buildings Retail Centers Shopping Centers Transit Facilities Despite the best efforts of city governments and their transportation departments, transit-oriented-development projects often unintentionally burden existing residents and small businesses in the area.

Austin 95
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Increasing Home Prices Threaten Residents of These 10 Metros Most

Pro Builder

Increasing Home Prices Threaten Residents of These 10 Metros Most. Those relocating while continuing to work from home are often bringing a higher wage and some home equity with them. This has helped pushed home prices up far faster than the growth of local incomes.”. Housing Markets. cbroderick. Tue, 08/24/2021 - 09:50.

Metro 52
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What to Expect in an Ongoing Home Price Bubble

Pro Builder

Throughout 2021, the average sales price of a home rose 16%, reports Forbes, though some metro areas like Boise and Austin reported gains over 30%. In comparison, home prices rise no more than 5% a year on average, and even during the 2005 housing bubble, price growth stayed under 12%. Housing Markets. Market Data + Trends.

Equity 52
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Young Professionals Have Returned to Cities, Impacting Rents

Pro Builder

The FTSE Nareit Equity Apartments index, which tracks publicly traded apartment companies, increased 42% since January 2021. Rents in major metros such as New York City and San Francisco saw double-digit rent decreases. But in nearly every major metro area, rents are now much higher than they were a year ago. Housing Markets.