Affordability

Affordability

Affordability

Affordability

Affordability

Affordability

Affordability

Affordability

Affordability

​​​​​​​John Reilly
September 24, 2022
5 min

While in the midst of the most rapid slowdown in Home Price Appreciation (HPA) since the bust of 2007-2011, demand pull inflation continues to exert a strong influence on general inflation.

​​​​​​​John Reilly
September 23, 2022
5 min

In August 2022, rent was less affordable than the previous year. Renters earning the typical household income devoted 26.4% of their income to lease a typical for-rent home (vs. 25.7% in August 2021). 

​​​​​​​Terri Murphy
September 11, 2022
4 min

Dr. Perry shared that she is “excited” about these programs as a start but mentions that we still have a challenge of the high prices of homes on the market, and the scarce supply of units, thus making getting a mortgage still a barrier to achieving the ultimate home ownership dream.

​​​​​​​John Reilly
September 6, 2022
4 min

HPA declines seem most likely at the high end of expensive markets, at the low end of some FHA markets, and in metros with stagnating or declining job growth.

At the heart of the crisis is a self-imposed shortage of land. “California has made buildable land artificially scarce by putting so much of that resource off limits,” notes Pinto. “The state and towns have imposed the nation’s thickest web of rules to block new construction.” It takes roughly ten years for developers to win approval from towns and environmental authorities for new subdivisions within 50 miles of the coast. For the inland areas, the timeline is more like five years. “

So far, America faces nothing resembling an outright crash. But for the average homeowner, it will hardly bring cheer that the closer they get to the holidays, the more they’ll be watching the value of their cherished ranches and colonials fade.

​​​​​​​John Reilly
August 14, 2022
3 min

“We owe it to our children and grandchildren to squarely address the growing housing affordability crisis that has already reached acute stages in California and has spread to many other parts of the nation,” says Housing Center Director Ed Pinto. “These supply deficiencies stifle economic growth and opportunity while creating a worse future for our nation.”

​​​​​​​Terri Murphy
June 6, 2022
4 minutes

The real estate market continue to transform, but there will always be a need for affordable housing. It is imperative that real estate professionals help all consumers enjoy the ability to own real estate.

​​​​​​​John Reilly
June 23, 2022
5 min

The briefing also gave Capitol Hill policymakers a snapshot of how the racial homeownership divide grew deeper during the pandemic

​​​​​​​Saul Klein
May 11, 2022
4 minutes

What is the role of real estate, land use policy, public/private partnerships, and funding?

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