Price Cuts on Newly Constructed Homes Becoming More Common
Home shoppers across the nation may have an easier time finding a deal on a newly constructed home than they did a year ago.
Price Cuts on Newly Constructed Homes Becoming More Common
Home shoppers across the nation may have an easier time finding a deal on a newly constructed home than they did a year ago.
Hottest Markets for 2019 Driven by Job Opportunities
While the U.S. housing market is cooling in some ways, certain markets are red hot – fueled by rapid home value and rent appreciation, job opportunities, income growth and low unemployment.
L.A. County Teachers Typically Spend Half Pre-Tax Salaries on Rent or Mortgages
Teachers in Los Angeles County typically need to spend about half their pre-tax salaries on rent or mortgage payments to afford a median-priced home or rental.
$33.3 Trillion Housing Market Up 49% Since 2012 – A Third of the Gain From California
The Golden State’s value has climbed $3.7 trillion since February 2012, the nation's housing-crash low. No other state has gained more than $1 trillion in that same span.
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.
Student Debt Pushes More Homes Out of Renters’ Reach
Based on today’s values, the highest priced home a renting household with student debt could afford is $269,400. A renting household without student debt could go as high as $361,800.
Uneven Recovery: Many High-Foreclosure ZIP Codes Haven’t Bounced Back
In most major markets, ZIP codes that experienced the fewest foreclosures during the housing bust have recovered significantly more than those with the most foreclosures – a phenomenon that further exacerbates wealth inequality.
There Are Fewer New Homes Being Built, and Their Size and Lots Are Smaller
The square footage of the typical new home decreased slightly in 2017 from 2016 – from 2400 square feet to 2300 square feet – continuing a gradual decline that has lasted for much of this decade.
How Much Space Can You Get for a Dollar?
For the typical U.S. home, a dollar buys 1.1 square inches of space. In Los Angeles, it's just 0.3 inches. In Memphis, 2.5 inches. Here's a graphic representation of how much space a single dollar would buy across the country.
How Much Home Has $1 Bought Over Time?
A dollar buys 1.1 square inches of the typical U.S. home -- but how has that changed over time?
