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Homeownership Is Becoming the More Affordable Option in Most Housing Markets

Pro Builder

Housing prices are high all around, but low mortgage rates, rising wages, and home-equity wealth are giving buyers an edge over renters. Lost Angeles, Chicago, and Phoenix, renting is still more affordable than buying, particularly as renters benefit from rising wages that outpace rent growth. Thu, 01/27/2022 - 10:20.

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Increasing Home Values Lift 1 Million Homes from 'Underwater' Status

Pro Builder

Chicago, Philadelphia, and New York experienced the largest declines in underwater homes during that period, reports National Mortgage News. On the flip side, “equity-rich” homes that have a value at least double the loan balance, increased by 4.2 Now, with home values up, there remains 2.25 million at the end of 2019.

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Forbearance Exits Expected to Add Inventory

Pro Builder

The intense housing market and strong equity growth will offer these homeowners more options than those in 2008 who were pushed into involuntary foreclosure, says Zillow. San Antonio; Fort Worth, Texas; and Philadelphia. September and October of this year is expected to be big for forbearance exits, and Zillow expects an additional 0.40

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Top 10 Ivory Innovations Finalists for the 2023 Housing Affordability Prize

Pro Builder

RELATED Game-Changing Construction Automation with Diamond Age Inherent L3C Chicago, Illinois | Construction and Design Category Inherent L3C believes in the power of community reinvestment through the creation of trade careers, homeownership, and community-based businesses.

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Top 25 Finalists for Ivory Innovations' Housing Affordability Prize

Pro Builder

In the Finance category, finalists include organizations focused on construction financing, shared-equity models, and renter programs that support increased savings and equity. RenoFi | Philadelphia, Pennsylvania RenoFi.com is the first one-stop-shop marketplace for financing a home renovation.

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We Analyzed 600+ Construction Job Listings for Gender Bias: What We Found Surprised Us

Autodesk Construction Cloud

We also looked at listings across various large metro areas and cities: New York City, Los Angeles, Chicago, Dallas-Fort Worth, Houston, Washington DC, Miami, Philadelphia, Atlanta, Phoenix, London, Dublin, Sydney, and Auckland. . What does it mean to have gendered wording in job listings and why does it matter?

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Are There Lessons From the Great Recession for the COVID-19 Pandemic?

Pro Builder

Jeff Benach, co-principal at Lexington Homes, in Chicago, says his team regularly examines financial scenarios to forecast what the numbers could look like if sales declined by 10%, 20%, and so on. There have been four “official” recessions since 1980, and Jeff Benach, co-principal at Lexington Homes , in Chicago, has endured them all.