California Home Prices Are So High, Even High-Income Households Can’t Keep Up
The cost of housing in most major California metros has risen so high that the median household cannot reasonably afford a median-priced house, even with a 20 percent down payment.
Sale Prices Surge in Neighborhoods With New Tax Break
Sale prices ticked up sharply in some of the nation’s lowest-income and highest-poverty communities near the end of last year—but mostly in the neighborhoods now eligible for newly created tax breaks.
Where Home Values Are Lower, Residents Perceive Worse Access to Education & Jobs
Those living in areas with higher median home values said they are more satisfied with their access to local amenities. People living in areas with lower home values said they were largely not as satisfied.
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.
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.
