article thumbnail

A Quarter of American Homeowners Are Considered ‘House Poor'

Pro Builder

are considered “house poor,” meaning they spend more than 30% of their income on housing costs. are considered “house poor,” meaning they spend more than 30% of their income on housing costs. From 2015 to 2019, the percentage of U.S. percent in 2015 to 26.5 percent in 2019.

Housing 52
article thumbnail

Assistance Programs Could Help First-Time Florida Buyers in 2022

Pro Builder

Assistance Programs Could Help First-Time Florida Buyers in 2022. The post-pandemic housing market is anything but easy for first-time buyers, but home buyer assistance programs may offer some relief. The Florida Housing Finance Corp. Wed, 02/23/2022 - 10:28. Market Data + Trends. New-Home Sales. Education + Training.

Florida 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

Out-of-Towners Pushed the Average Boise Buyer Income 24% Higher During the Pandemic

Pro Builder

Out-of-Towners Pushed the Average Boise Buyer Income 24% Higher During the Pandemic. The typical income of a Boise homebuyer rose 24% throughout the pandemic as locals went toe-to-toe with wealthy out-of-state newcomers for available listings. Housing Markets. Housing Markets. Thu, 08/11/2022 - 09:15. Affordability.

Income 52
article thumbnail

Americans Are Most Severely Cost-Burdened in These Overpriced Housing Markets

Pro Builder

Americans Are Most Severely Cost-Burdened in These Overpriced Housing Markets. Locals can no longer afford inflated housing costs in markets like Glendale, California, but some smaller metros could still offer relief for buyers priced out elsewhere. Housing Markets. Housing Markets. Fri, 07/29/2022 - 10:17. Affordability.

Housing 52
article thumbnail

Sun Belt Buyers Need 40% More Income to Afford a Home

Pro Builder

Sun Belt Buyers Need 40% More Income to Afford a Home. Monthly mortgage payments in Tampa, Florida are up 47.8% There are a few ways for people to get around rising housing costs,” Marr continued. Housing Markets. Housing Markets. Wed, 04/27/2022 - 10:40. gain from a year earlier, Redfin reports. Affordability.

Income 52
article thumbnail

Top 25 Finalists for Ivory Innovations' Housing Affordability Prize

Pro Builder

Top 25 Finalists for Ivory Innovations' Housing Affordability Prize esorum Thu, 03/16/2023 - 09:09 This year’s finalists in the Construction & Design category include solutions to the labor shortage as well as environmentally friendly building solutions focused on decreasing construction time.

article thumbnail

The Buying Boom Is Slowing, and Experts Say a Housing Correction Could Follow

Pro Builder

The Buying Boom Is Slowing, and Experts Say a Housing Correction Could Follow. As mortgage rates keep climbing, we may be moving from a housing boom to a housing correction, says top economist Mark Zandi . housing markets. Tue, 05/31/2022 - 10:10. That's the finding from Moody's proprietary analysis of U.S. Affordability.

Housing 52