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Affordable Homes

All articles tagged with #affordable homes

politics1 year ago

"NY State Nears Housing Deal Amid Budget Wrangling and Criticism"

New York state leaders have reached a housing deal to address the housing crisis, with a legislative plan that includes incentives for developers and protections for tenants. The agreement, negotiated by the governor and legislative leaders, aims to make it easier to build affordable homes while providing safeguards for renters. The package, set to be presented to the full Senate and Assembly, is a response to the worsening affordability problem in New York City and the state, but may face criticism from some lawmakers for not having sweeping enough tenant protections.

via The New York Times|
#affordable-homes#housing-crisis#legislation
politics1 year ago

"Biden's Plan: Lowering Housing Costs and Offering Tax Credits for First-Time Home Buyers"

President Biden announced a plan to lower housing costs for working families by building and preserving over 2 million new homes, providing tax credits for first-time homebuyers, reducing closing costs for refinancing, and cracking down on unfair rental practices. The plan aims to make homeownership more accessible, lower rental costs, and promote fair housing. Additionally, the President is calling on Congress to pass legislation to enable more Americans to purchase a home, expand the Low-Income Housing Tax Credit, and create a new competitive grant fund to support housing construction.

via The White House|
#affordable-homes#homeownership#housing-costs
education1 year ago

"Colorado School District to Build Teacher Housing on District Property"

Harrison School District 2 in Colorado Springs plans to build 20 affordable duplexes for its employees, offering them at a rent of $825 a month, significantly lower than the city's average rent of $1,720. The $6 million project aims to address the housing affordability issue for teachers, whose starting salary is $47,545. This initiative reflects a growing trend among school districts nationwide to provide subsidized housing for their employees, with research showing that such support can contribute to teacher retention.

via USA TODAY|
#affordable-homes#colorado-springs#education
real-estate2 years ago

Housing Shortage Disproportionately Affects Middle-Income Buyers.

Middle-income home buyers in the US are facing the most severe housing shortage of any other income bracket, with the market short of more than 300,000 affordable homes for these buyers, according to a new analysis from the National Association of Realtors and Realtor.com. Middle-income buyers can afford to buy less than a quarter of listings that are currently on the market, compared to half of all available homes five years ago. The US needs to add at least two affordable homes for middle-income buyers for every home listed for upper-income buyers.

via CNN|
#affordable-homes#homeownership#housing-shortage
real-estate2 years ago

Housing Shortage Disproportionately Affects Certain People and Areas

The supply of homes for sale in the US is about half of what it was in 2019, hitting some buyers and areas harder than others. The lack of affordable homes is heating up competition in the market, reversing the cooldown in home prices that started last summer. The areas that have the biggest deficit of affordable homes are El Paso, Texas; Boise, Idaho; Spokane, Washington; several Florida markets and of course Riverside and Los Angeles California, which are some of the priciest housing markets in the nation. The supply situation does not appear to be improving, with new listings of homes for sale falling 25% YoY in the first week of June.

via CNBC|
#affordable-homes#homebuyers#housing-market
real-estate2 years ago

Top 5 Affordable Beach House Destinations in the U.S.

Realtor.com has ranked the top 10 cheapest towns in the US to buy a beach house, based on the most affordable homes within a one-mile radius of a beach. Gulfport, Mississippi, topped the list with a median sale price of $224,900 and a median price per square foot of $144. Newport News, Virginia, and New London, Connecticut, ranked second and third, respectively. The list includes a mix of small communities and big cities, offering a range of options for those looking to purchase their first home or invest in a rental property.

via CNBC|
#affordable-homes#beach-house#gulfport
real-estate2 years ago

Top Real Estate Markets: Sun Belt Dominates with NJ Counties Making the Cut.

Gainesville, Georgia has been ranked as the hottest real estate market in the US, according to a new analysis by Bankrate. The ranking was based on factors such as job growth, population growth, home value appreciation, unemployment rate, and rate of homes for sale. Other cities in the top five include Knoxville, Fort Myers, Sarasota, and Charlotte. These cities have become attractive to house hunters who have been priced out of expensive metros. The momentum in the housing market has shifted to the Sun Belt, and especially to Georgia, the Carolinas, and Florida.

via CBS News|
#affordable-homes#home-prices#housing-market
lifestyle2 years ago

Top 12 US Cities to Live in by 2023.

US News & World Report has released its 2023 list of the 12 best places to live in America, with Green Bay, Wisconsin, and Huntsville, Alabama, topping the list. These cities have affordable homes, a high quality of life, and are popular with movers. The rankings were determined by employment rates, moving patterns, housing affordability, and quality of life considerations like access to healthcare and crime rates. Quality of life was the single most important factor in the methodology.

via Business Insider|
#affordable-homes#best-places-to-live#job-market
finance2 years ago

The Struggle of Affording a Home on a Six-Figure Income: How Gen Z and Millennials are Coping.

A TikTok video by a young man, who claims to make $120K/year with his wife, has gone viral as he describes the uphill battle they face in affording a home. The man questions whether it has always been necessary to be a doctor, lawyer, architect, or engineer to afford a livable house. The video has sparked a discussion on the "quiet quitting" trend among younger generations who are fighting back against being paid the bare minimum and not being able to afford the bare minimum. The solution is to build more affordable homes with fewer regulatory barriers and for employers to offer better work-life balance and higher pay.

via Yahoo Finance|
#affordable-homes#finance#gen-z