It’s True: The Country’s Most Expensive Housing Markets Are Creating the Most Jobs
However you look at it, the nation’s most expensive housing markets are home to a growing share of the nation’s jobs.
Affordability
How Affordable is Housing in Your Congressional District?
In looking at housing affordability across the nation’s congressional districts, we found home values and rents tend to be higher along the coasts and in denser, urban communities, regardless which party represents a given community in Congress.
Value Add: How the Gap Between the Bottom and Top of the Housing Market is Widening
The gulf between the housing haves and have-nots has widened considerably over the past two decades, as top-tier homes gained more value than less valuable, more entry-level homes and bottom tier homes in general lost more of their value during the housing bubble bust.
The Days of Our Lives: How Long Does it Take for Low and High-Income Renters to Find a Home?
On average, renters spend 10.4 weeks on the market searching for a rental home or apartment according to Zillow Group’s 2016 Consumer Housing Trends Report. But renters in tighter rental markets can spend significantly longer searching for a home – and lower-income renters often spend longer still, even in more balanced markets.
Halfway through 2016, an all-too-familiar housing affordability story continues to shape the U.S. housing market. Incredibly low mortgage interest rates are helping make homeownership more affordable, despite relatively rapid home value growth. But renting a home is decidedly unaffordable, even as growth in rents slows down.
Rent Affordability by Tier: High Rents Aren’t a Problem If You Earn Enough to Afford them
As growth in rents outpaces growth in incomes, rent affordability (the share of the typical American’s income that goes to rent) has steadily deteriorated over the past five years – from a historic average of 26 percent, to roughly 30 percent currently. But focusing only on medians can sometimes hide more than it reveals. In this case, there are sharply different trends at the top and at the bottom of the market.
Older Millennials Driving Increase in Young Adults Living at Home
Over the past decade, there has been a sharp increase in the share of young adults living with their parents. But lately, the increase isn’t necessarily because the youngest adults aren’t leaving the nest – instead, it’s being driven their older brothers and sisters in their late 20s and early 30s.
A Wealth of Problems: How the Housing Bust Widened the Rich-Poor Gap
The gap between the rich and poor in the U.S. was already wide prior to the Great Recession, and the housing bust and foreclosure crisis that followed only made it worse.The gap between the rich and poor in the U.S. was already wide prior to the Great Recession, and the housing bust and foreclosure crisis that followed only made it worse.
Housing Highs & Lows: How the Home Affordability Gap Between the Rich and Poor is Widening
Buying a home with a mortgage got slightly more affordable to start of the year, especially compared to renting. But while mortgage affordability overall has improved somewhat, for low-income Americans looking to buy even a modest home, affordability has actually gotten worse – at the same time as it improved for those earning more.
A Crack in the Code: Why Even Some Tech-Employed Renters Can’t Find Affordable Housing
Just because the average tech renter is doing OK, we shouldn’t think everyone in the field is having an easy time making ends meet.
