Uncategorized
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Not everyone wants an apartment, but not everyone wants to buy a house either. That’s where “build-to-rent” homes come in, these brand-new single-family houses designed specifically for renters. Joanne LaZette, an 87-year-old in Arizona, found exactly what she was looking for: the privacy of her own house without the burden of a mortgage or maintenance.…
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For millions of Americans, the first of the month brings a familiar dread. Rent is due all at once, and for roughly half of the country’s 44 million renter households, that single charge eats more than a third of their income. Now a growing crop of startups say they have a fix: split your rent…
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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…
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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…
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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,…
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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,…
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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,…
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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…
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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…
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