Posts Tagged ‘home affordability’

Gap in U.S. Home Transaction Sentiment is Wider than Ever

Financial capacity limitations–along with a dwindling inventory of affordable single-family homes–are weighing-down renters’ confidence in the housing market, and contributing to a widening gap in “home transaction sentiment.” The latest edition of The U.S. Housing Confidence Survey of 10,000 heads of household–3,762 of whom are renters–reveals a growing imbalance that warrants monitoring. As reported by…

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Lower Expectations Dent Housing Confidence

According to the vast majority of 10,000 heads of household who participated in the latest U.S. Housing Confidence Survey conducted by Pulsenomics, prevailing real estate market conditions are healthy, and in most major metropolitan areas, have continued to improve. However, expectations concerning the housing market–while still positive–have reversed course since the start of the year,…

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The Cost of Rent Control is (Still) Too Damn High

Some U.S. cities are evaluating or implementing new rent control regulations to curtail rapidly-rising rising rents and worsening rental affordability. For example, in just the past few weeks, rent control policy has garnered headlines in New York City, where the Rent Guidelines Board voted to freeze rents for a year on roughly 1 million regulated units…

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Home Affordability Conundrum

The latest U.S. Housing Confidence Survey finds that two-thirds (66%) of renters in 20 large metro areas are confident, or somewhat confident, that they will be able to afford to own a home in the future. This is encouraging–especially given the lack of real (inflation-adjusted) wage growth in recent years, tight mortgage credit market conditions,…

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