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.
The Price of Prestige: Tech Employees’ Living Costs in Silicon Valley & Seattle
Even the famously generous tech salaries in Silicon Valley are not enough to compensate for California’s expensive housing and high tax burdens, particularly relative to tech employees working in less expensive and lower-tax states like Washington.
Mothers & Their Millennials: Where Working-Age Millennials Are Still Living With Mom
More than one-in-five of the nation’s 24-to-34-year-olds won’t have far to travel on Mother’s Day this Sunday. Almost 10 million working-age millennials nationwide live with their moms, according to a Zillow analysis of American Community Survey data.[1]
Continued deterioration in U.S. housing affordability – particularly at the low end of the market and for renters – is bringing to light a number of problems around income growth and social mobility that may have big implications for all Americans going forward.
Social Mobility May Suffer as Income Growth Fails to Keep Pace With Rising Housing Costs
The United States has long cherished its hard-earned reputation as the land of opportunity. But for millions working to ensure their children can move up the socio-economic ladder, rapidly rising housing costs are threatening instead to kick the ladder out from underneath them, limiting their potential social mobility.
How Land-Use Regulation Impacts Inventory, Rents and Roommates
In many American cities, more means more – and not in a particularly good way. Tighter land-use regulation in these cities is associated with more rapidly rising rents, more acute shortages of homes for sale and more adults living with roommates in the face of rising housing costs and fewer housing options.
South Lake Union’s Tech Boom a Small Part of Seattle’s Rising Rents
Seattle’s South Lake Union neighborhood has become synonymous with the city’s rapidly evolving economic and social landscape. The neighborhood has attracted major employers, and cranes crowd the skyline of the former industrial district wedged between the city’s downtown and iconic Space Needle.
A Penny Saved: How High Rent Burdens Impact Savings Rates
Paying less in rent is no guarantee that a household will save more of their income. But paying more sure makes saving difficult.
