Uncategorized
-
Housing costs have surged over the past two decades. The median home price is now six times the median income, up from four or five times just twenty years ago. Rents have climbed too, and today more than 60% of moderate-income renters are “cost-burdened,” meaning they spend over 30% of their paycheck on housing. This…
-
Not everyone wants an apartment, but not everyone wants to buy a house either. That’s where “build-to-rent” homes have become popular. These are brand-new single-family houses designed specifically for renters. For the privacy of your own house without the burden of a mortgage or maintenance. About 7% of new single-family homes hitting the market today…
-
President Trump recently signed two executive orders aimed at tackling one of the biggest issues facing younger Americans: the skyrocketing cost of buying a home. The first order targets the maze of government regulations that make it slow and expensive to build new houses. It pushes federal agencies to speed up permitting, cut environmental rules,…
-
Have you noticed that everyone seems to be talking about how expensive it is to rent or buy a house these days? If you think it sounds bad, you’re right because “everywhere you look, the data is bad,” said Patrick Coakley, a real estate expert with more than 25 years of experience. On September 3,…
-
People in cities like Pittsburgh or Kansas City really need to understand how national policies affect local housing markets. That’s especially true now, with the Trump presidency possibly bringing more policy implications. Jackie Smith, a sociology professor at the University of Pittsburgh and a member of the university’s editorial board with the National Housing Coalition,…
-
I mean, I am no housing critic, but the ads of tiny homes that you can purchase on a number of sites, such as Amazon, Wayfair and many custom companies is actually quite intriguing. While many are promoted as the “tiny home” movement to simplify living spaces, and be more eco-friendly, they are also being…
-
A combination of factors, with the historic shortage of for-sale homes being the most significant, has created a persistently tight housing market. Redfin chief economist Daryl Fairweather says, “Millennials are the largest generation, so we have all of this added demand for housing when we really just didn’t plan for it.” There simply aren’t enough…
-
In a New Jersey township, officials are trying to prevent a court-issued mandate to move forward with an agreement to build a 75-unit affordable housing development near shops, restaurants and a NJ transit stop. For many that reside here in Millburn Township, residents are asking to Judge to pause the mandate, based on the premise…
-
Recently, President Biden proposed a 5% cap on rental increases for landlords who own more than 50 units. Many believe that rent increases have reached staggering heights and the rent is too high in areas where purchasing a home is out of reach and this cap would prevent additional rising costs. Under this measure, corporate…
Quest4Home 