Post-IPO, Home Values Grew Faster in Areas Home to Lots of Facebook Employees
Between March 2012 and March 2013, home values around likely Facebook employees climbed 21 percent, compared to 17 percent in all other Bay Area census tracts.
Affordability
Best Metros for Remote Workers: Where Fast Internet Meets Affordable Homes
The results present some interesting opportunities for digital nomads looking for a new home base.
Rising Mortgage Rates Thorn in Otherwise Rosy Conditions for Home Buyers
Would-be buyers are still feeling the pinch, as rising mortgage rates slice budgets and eliminate the share of affordable homes.
2019 Predictions: Worse Affordability, Commutes, Natural Disaster Losses
Mortgage affordability take a hit. Commutes lengthen. Natural disasters claim a record number of homes. And a bit of good news: Amazon HQ2 'losers' will get a boost.
Home Buyers Need 7.2 Years to Save Down Payments – 1.5 Years More Than in 1988
In San Jose, Calif., buyers would need a whopping additional 13.3 years. In a handful of major metropolitan areas, the time it would take to save a down payment with a constant savings rate of 10 percent is shorter than it was 30 years ago.
A Tweak to Vouchers Allows Low-Income Renters Access to High-Income Areas
The new rule increases the overall metro-wide share of rental listings affordable to voucher holders in all 23 metros immediately affected by the new rule.
Rising Mortgage Payments Eclipse Home Value Gains
The typical mortgage payment in August was up 15.4 percent, or $118 a month, from a year earlier, even though home values gained just 6.5 percent in that same period.
U.S. Housing Affordability Crisis Rooted in Urban Cores
An urban renter household earning the median U.S. household income should expect to pay 36.8 percent of their income on rent each month.
The Housing Bust Widened the Wealth Gap. Here’s How.
The wealth gap between the rich and poor worsened throughout the housing bust, as millions lost the roof over their heads and the wealth that came with it.
Lower-Income Renters Pay Almost 2/3 of Their Income on Even Modest Apartments
Mortgage affordability – the share of median household income needed to afford a typical U.S. home – reached 17.5 percent in the second quarter 2018, higher than it’s been in nine years.
