article thumbnail

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

Pro Builder

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. . times the median first-time home buyer income, when three times your income is a long-standing affordability rule of thumb. But homes were listed at 5.3

Metro 52
article thumbnail

John Green’s Plan to Eliminate Predatory Lending Practices

Pro Builder

PRO BUILDER: Can you give us an overview of what Blackstar Stability does, from development and acquisitions to asset management? It has existed for more than 100 years in this country and it disproportionately affects low- and moderate-income families and Black and brown communities. That’s a failure we can address.

Plans 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

Johnney Zhang Is Introducing Crypto to the Housing Industry

Pro Builder

economy, USPC is backed by income-producing real estate and housing projects (that is, rentals), allowing each shareholder to reap the benefits of home equity gains without being, or becoming, a homeowner. Can you walk us through that process? PB: How exactly can consumers invest through USPC?

Housing 52
article thumbnail

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. On the homeownership side, the Agency uses various down payment and closing cost assistance programs to assist first-time homebuyers.

article thumbnail

How This Arizona Luxury Home Builder Is Making a Move to Diversify

Pro Builder

PRO BUILDER: Before we discuss Camelot Homes’ entry into the build-to-rent market, tell us a bit about the company. JH: We realized that, as generous and good as that market has been for us, we really need to diversify in order to cycle protect, so if the high-end softens, we have something to balance that out. million. .

Arizona 78
article thumbnail

Builder of the Year Ivory Homes' Innovation Agenda

Pro Builder

Having witnessed income and social class inequities entrenched by corruption on their European mission, and a system in which government officials and business entrepreneurs rarely collaborate to solve civic and social problems, the Ivorys recognized the seeds of similar dynamics in their own backyard. See past Builder of the Year winners.

article thumbnail

U.S. CRE Turning Around In 2014, According To New PwC/ULI Report

Buisness Facilities Contributed Content

real estate recovery is set to continue into 2014, with investors increasingly looking beyond some of the traditionally popular markets to secondary markets in search of higher yields, according to Emerging Trends in Real Estate® 2014 , co-published by PwC US and the Urban Land Institute (ULI). real estate advisory practice leader, PwC.

ULI 83