Nearly three-quarters of U.S. residents earning less than $50,000 annually are struggling to keep up with monthly rent or mortgage payments, causing many to make dramatic sacrifices to stay afloat.
Category: housing affordability
US home prices rise modestly amid affordability strains
CoreLogic Chief Economist Dr. Selma Hepp told Inman, “despite much-needed optimism, brought by a sharp decline in mortgage rates in August, the boost was short lived and not enough to renew homebuyers’ interest.”
Recent survey highlights housing priorities ahead of 2024 election
According to the survey, approximately 41.6 percent of U.S. homeowners believe that Donald Trump is best suited to maintain high home values, while 35.3 percent favor Kamala Harris for this role. Although homeowners generally see high home values as beneficial since much of their wealth is tied to home equity, one-third of Americans do not own.
Record share of homebuyers flee into the path of climate change
Research shows that people are concerned about the changing climate’s impact on their hometowns, but they’re more concerned about a lack of housing affordability, according to a new report from Redfin.