Affordability Minimum Wage Hike Would Help a Little but Merely Dent the Rent Burden Even with its very large improvement in affordability once a wage hike is implemented, the lowest-income earners overall in the Richmond, Va., area will still be expected to pay almost half of their income on rent each month
Affordability Rising Sea Levels May Wipe Out Thousands of Affordable Housing Units With rising sea levels and increasing risks of floods throughout the country, there are nearly 24,500 affordable housing units at risk,...
Government + Policy What the Biden-Harris Administration Can Do to Tackle Housing Affordability As the bright spot of the economy, the housing market has provided a much needed boost but there remain millions of Americans struggling...
Market Data + Trends High Prices Keep Homes Out of First-Time Buyers' Reach Home prices continued to rise at an unobtainable rate during the third quarter, making it increasingly difficult for first-time homebuyers...
Affordability Pandemic Likely to Further Strain Cost-Burdened Homeowners The number of homeowners that were cost-burdened dropped 9% overall during the past nine years, but low-income households only experienced...
Housing Markets Cities Where Buyers Can Afford the Most and Least Housing affordability continues to be an issue for many Americans. Nearly 67% of Americans are bunkered down by at least one non-mortgage...
Housing Markets These Cities Are Becoming More Affordable for Renters More than 40% of renters pay more than a third of their income on housing costs, meaning affordability typically affects renters more than...
Affordability Housing Affordability Hovers Over Two-Year Low Home affordability took a bigger hit in the third quarter of 2020, down to nearly a two-year low. Historically low mortgage rates are not...
Affordability Home Builder's Focus on Affordable Homes 'Energizes' Richmond Market Richmond-based builder Center Creek Homes only launched two years ago, but is making waves in the city by building low-income housing....
Market Data + Trends 27% of Buyers Blame Being Outbid for Extended Home Search Prospective buyers are searching for a home for upwards of three months, according to the National Association of Home Builders. The top...
