Pro Builder
OCTOBER 11, 2022
Is Your Local Housing Market Headed Toward a Home Price Correction? These overpriced regional housing markets are the most likely to see home prices fall in the months ahead. The first group includes high-cost tech hubs like Seattle and San Jose. Housing Markets. Housing Markets. Tue, 10/11/2022 - 10:37.
Pro Builder
APRIL 19, 2023
Middle-income homeowners have seen their properties appreciate by 68% since 2012, amounting to $122,100 in equity wealth, according to the National Association of Realtors. Similarly, low-income homeowners reported $98,900 in equity gains, and upper-income households accrued $150,800 in equity.
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Pro Builder
JUNE 17, 2021
Pandemic Exposed Deep Housing Issues, Says Harvard Report. The pandemic exposed the housing industry’s long standing shortfalls, and although construction ramped up to historic levels this year, there’s a long way to go. The average price-to-income ratio, a measure of an area’s median home costs versus its median income, hit 4.4
Pro Builder
DECEMBER 5, 2022
Housing Affordability in California Fell to a 15-Year Low in August, but a Market Correction Could Help. Buying a home in California is anything but affordable after a two-year run-up in regional housing costs, but as the market cools, the Golden State is seeing a complete reversal in home price growth. Housing Markets.
Pro Builder
MARCH 11, 2022
homes were valued at $1 million or more in February, and some metros are reporting a majority of total housing stock in the million dollar range, Forbes reports. Incomes have increased, but not as fast as home prices, which means many people are stuck renting or have to move somewhere more affordable if they want to buy a home.”.
Pro Builder
DECEMBER 22, 2022
Qualifying for a mortgage in today's high-cost housing market requires more income than in years past, but some U.S. On the other hand, prospective buyers in cities like San Jose, Calif., need to have a qualifying annual income of $359,127 to afford monthly payments of $8,380 for a median home price of $1,688,000.
Pro Builder
JUNE 22, 2022
New Affordable Housing Units Cost $1 Million per Apartment to Build in California. Building affordable housing units just got even more costly in popular markets like San Francisco, where subsidized construction projects come with multi-million dollar price tags. Wed, 06/22/2022 - 12:01.
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