Homes With Central Air Command $5,486 More on Average
Nationally, 66.1 percent of homes listed for sale over the past year have central air conditioning, selling for 2.5 percent -- or $5,486 -- more than comparable homes without central air. In Las Vegas, the share is 99.1 percent.
Why a Growing Share of Young Adults Live With Mom
Despite a strong economic recovery, the share of young adults living with their moms continues to rise, demonstrating the scars left by the economic downturn and housing bust.
Home Values Remain Low in Vast Majority of Formerly Redlined Neighborhoods
Home values in the vast majority of neighborhoods that were “redlined” as hazardous for mortgage lending by the federal government 80 years ago are lower now than in areas rated more highly.
Black Mortgage Applicants Denied at More Than Twice the Rate of Whites
Overall denial rates for conventional mortgages have fallen for almost a decade, a sign of progress that nevertheless conceals a stark divide in the housing market: Black applicants for conventional mortgages are denied at more than twice the rate of white applicants.
Why White and Asian Home Buyers Have an Advantage Over Black, Hispanic Buyers
A white American household could reasonably afford a home almost two-thirds more expensive than a black household in 2017, giving them significantly more flexibility to find an affordable home last year in an incredibly competitive housing market marked by low inventory.
How Republicans and Democrats View Property Taxes
They diverge on fairness, with Republicans thinking property taxes are unfair to high-income households and Democrats thinking they’re unfair to low-income households.
Political Parties Agree on Value of Homeownership
Republicans are slightly more likely than Democrats to believe that homeownership is necessary to live the American Dream -- but metros with slower home value growth are more politically divided on that question.
Financial Hardship Is Widespread, Especially for Households Earning Less Than $40,000
Nearly a third (30.0 percent) of households nationwide – meaning about 73 million adults— report they are struggling or just getting by financially, according to data from the Federal Reserve Board’s recently released 2016 Survey of Household Economics and Decisionmaking (SHED). More than half (51.3 percent) say they do not have enough funds saved to cover three months of living expenses.
Movin’ On Up: How Much More Will a Larger Home Cost per Month?
Growing families and households looking for more space this home-shopping season probably already anticipate paying more each month for that larger home. But just how much their monthly mortgage payments rise depends largely on where they’re looking to live and how much more space they want.
On Unequal Footing: How Housing Affordability Changes Across Racial Communities
Nationwide and in many metro markets, rent in black and Hispanic communities consumes a much larger share of household income than in white communities, widening the great divide that already exists between white America and communities of color.
