Tag: affordable housing
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Housing Confidence to Continue to Spur Remodels
Homeowners plan to continue taking on remodeling projects and renovations, demonstrating a clear vote of confidence in the housing market.
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How Much Cheaper is Owning than Renting?
A new report from Trulia, Rent vs. Buy: Haunted by Prices, Not Rates, reveals that in the 100 largest American metros, buying a home remains more affordable than renting. Trulia reports that on a national basis, buying a home is 37.7 percent cheaper than renting. But just how significant is the financial advantage between…
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Combatting Gentrification in The City by the Bay
Coming in as the seventh most expensive city in which to buy a home, according to Coldwell Banker’s Real Estate Home Listing Report, San Francisco—where the average cost of a 4-bedroom, 2-bathroom house is $1,672,100 and the median household income is $78,378—is home to a housing market that has unabashedly driven out long-time residents and…
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HUD Awards over $56 Million for Development Projects in 77 Tribal Communities
Recently, the U.S. Department of Housing and Urban Development (HUD) awarded $56.5 million to 77 Native American communities throughout the country to improve housing conditions and stimulate community development for residents, including funding construction projects and local jobs. The grants are part of HUD’s Indian Community Development Block Grant (ICDBG) Program, which supports a wide…
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Census Releases New American Community Survey
Today, the U.S. Census Bureau released new statistics on America’s economy, income, poverty and over 40 other topics from the American Community Survey, providing a detailed look at life as an American. Several states witnessed an increase in income and a decrease in poverty rates between 2014 and 2015. During this period, the percentage of…
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Mortgage Originations Expected to Top $2 Trillion in 2016
For the first time since 2012, mortgage originations are expected to top $2 trillion in 2016, according to Freddie Mac’s monthly Outlook for August. Low mortgage interest rates are spurring a burst of refinance activity, and strong home sales and house price growth are supporting purchase mortgage activity.
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Hear Three Women Discuss their Homeownership Stories at the 2016 NAWRB Conference
As part of our National Women’s Homeownership Initiative, the 2016 NAWRB Conference will feature three recent women homebuyers detailing the effect of homeownership on their lives and their home buying process, including the factors that influenced their decision on the homes they bought.
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Many Big-City Renters Qualify for Homeownership
Across the country’s largest rental markets, almost 14 percent of on-market renters have strong credit scores, relatively high incomes and could afford to buy the median home in their market.
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Mortgage Applications Fall 3.5 Percent
Mortgage applications decreased 3.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 29, 2016.
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Rents Rise Faster for Low-End Apartments
Median rent for the least expensive multifamily rental homes is rising faster than median rent overall, and only a small portion of all new apartments is at the low end, according to the latest Zillow® analysis.