article thumbnail

Biden Announces Housing Supply Action Plan to Boost Inventory Nationwide

Pro Builder

Biden Announces Housing Supply Action Plan to Boost Inventory Nationwide. Though likely to make a substantial difference in low-income neighborhoods with a shortage of affordable housing, the plan isn’t geared toward first-time buyers, who account for the majority of all home purchases and keep housing demand high across the U.S.

article thumbnail

Here Are the Most and Least Affordable Housing Markets in December 2022

Pro Builder

metros are home to skyrocketing prices and waning housing inventory, while others offer first-time buyers an affordable entrance into the for-sale market. Ultimately, 75 of the 100 cities included in the report did not pass muster, requiring more than 30 percent of income to afford a home. Fri, 12/16/2022 - 09:43. Some major U.S.

Housing 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Most Affordable Metros for First-Time Buyers in 2023

Pro Builder

Wichita, KS tops Zillow’s list of the best markets for first-timers with a 22 to 1 inventory to buyer ratio and price reductions in 22% of regional listings. Following closely behind is Toledo, OH, where the typical rent payment accounts for an average 29% of tenants’ income and 23% of listings are currently seeing price cuts. .

Metro 52
article thumbnail

Service Management Construction Software | Construction Manager Software

Viewpoint Construction Technology

Create or append work orders from incoming service requests. Transaction information flows seamlessly between Service Management and other applications throughout Spectrum, including: Accounts Receivable, Accounts Payable and General Ledger. Construction Accounting. Purchasing + Inventory. Request a Demo.

Software 130
article thumbnail

How Did First-Time Buyers Fare Last Quarter?

Pro Builder

Despite low, low housing inventory and rising home prices, first-time buyers accounted for 31% of home sales in the fourth quarter of 2020. metros, homes remained five times more expensive than the average first-time buyer income, reports NerdWallet. times median first-time buyer income in the fourth quarter.

article thumbnail

How Affordable Are Homes For First-Time Buyers?

Pro Builder

If rising prices, historically low inventory, an entire pandemic, and record unemployment did not keep first-time buyers away, will anything? NerdWallet was able to analyze home affordability for first-time buyers by analyzing median income for the 25 to 44 age range compared to listing prices, which gives them an affordability ratio.

Metro 52
article thumbnail

New ProContractor Updates

Viewpoint Construction Technology

More details below: Accounting. Accounting for ProContractor features apps to manage financials, employees, inventory, procurement, and more. The updates to the accounting module include accounts payable, financial reporting, and payroll. Check number reassignment and reprints. ProContractor platform.

Viewpoint 130