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These Cities Are Becoming More Affordable for Renters

Pro Builder

More than 40% of renters pay more than a third of their income on housing costs, meaning affordability typically affects renters more than it would homeowners, according to Smart Asset. The top five cities where rent has changed the most from 2016 to 2019 are Boston, San Francisco, Los Angeles, DC, and Baltimore. Key Findings.

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The Most and Least Affordable Cities for Renters

Pro Builder

When housing costs should account for 30% of income, it can be difficult to keep up in areas where the rent-to-income ratio is high. SmartAsset’s analysis reviewed income and rents across the country’s largest 25 cities to find the most and least affordable cities for renters. Income needed varies by more than a factor of four.

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10 Cities at Greatest Risk for Possible Housing Crisis

Pro Builder

FHA mortgages are catered to borrowers who may be first-time, minority, or lower-income, Realtor.com says. Houston has the second highest number of delinquent FHA loans, followed by Chicago, Washington, DC, and Dallas. Atlanta’s metro region has the most delinquent mortgages—53,000 to be exact.

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Attend Greenbuild – The Best Way To Grow Your Green Building Business

Green Building Law Update

Last year, Greenbuild 2015 was in Washington DC, just down the road from the first U.S. It is your chance to meet incoming USGBC CEO Mahesh Ramanujam, the man to know in the post Fedrezzi era. I made a similar offer last year and had a great time meeting a lot of very fun people drinks in DC. ) So register today.

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How Low Will Home Prices Go?

Pro Builder

First, prices appear significantly too high using real prices, and price-to-income and price-to-rent ratios. In the most recent Case-Shiller report, on a seasonally adjusted basis, prices declined in 7 of the 20 Case-Shiller cities: Seattle, San Francisco, San Diego, Portland, Los Angeles, Denver and Washington, DC. Affordability.

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Banks Step In to Shrink Black Homeownership Gap

Pro Builder

In Washington, DC, one firefighter and his family were able to purchase a home with the help from Chase Bank’s Chase Homebuyer Grant, according to the Washington Post. The grant is given out to those looking into purchasing a home in low- to moderate-income communities. Banks Step In to Shrink Black Homeownership Gap. cbroderick.

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New Report Illuminates Global Work Opportunities, Disruptions

Buisness Facilities Contributed Content

Workers everywhere will be affected by accelerating disruptions to the world of work—yet people in different economic positions will be impacted in very different ways, according to The Futures of Work , a groundbreaking new report from Foresight Alliance, a Washington DC-based foresight consultancy.