affordability
7 stories related to this topic, newest first.
rte.ieAverage U.S. Household Would Spend 40 Percent of Income on Typical Home
Redfin data show that a household earning the average U.S. income would need to allocate 40 percent of that income to purchase the typical home. The figure applies across 49 cities examined in the report.
americanbanker.comLudwig Institute's True Living Cost Index Rises 106% from 2001 to 2024
The Ludwig Institute for Shared Economic Prosperity has unveiled its True Living Cost Index, highlighting a 106% increase in the cost of basic living standards from 2001 to 2024. This outpaces the 77% rise in the Consumer Price Index over the same period. The index tracks essenti…
Substrate placeholder — needs reviewChallenges Hinder UK's Goal of Building 1.5 Million New Homes
The UK government aims to build 1.5 million new homes to address the housing crisis, but faces obstacles including labor shortages, rising material costs, and affordability issues. Government estimates show about 300,000 homes added in the first 18 months of the current parliamen…
Substrate placeholder — needs reviewUS Home Prices Rise Faster Than Household Incomes, Reducing Affordability
Home prices in the United States have increased at a faster rate than household incomes, according to a report cited by @unusual_whales referencing NBC. This trend has made homeownership more difficult for many potential buyers. The disparity highlights ongoing challenges in the…
Substrate placeholder — needs reviewConsumerAffairs Ranks U.S. States for Renters Based on Affordability and Protections
ConsumerAffairs analyzed U.S. states using data from the U.S. Census Bureau and other sources to rank them on renter metrics including affordability, availability, quality of life, and tenant protections. North Dakota ranked first for the third consecutive year, followed by Color…
Substrate placeholder — needs reviewReuters Econ World Podcast Discusses Rent Freezes, Tax Policies and Affordability for Gen Z
The latest episode of the Reuters Econ World podcast features discussions on economic policies including rent freezes, taxing the rich and reducing red tape. Participants include Osse Chi, Aaron Hedlund, and Chris Evans and Mark Kassen from the Aspen Institute. The conversation f…
Substrate placeholder — needs reviewHarris Poll Survey Reveals Challenges in U.S. Housing Market for Buyers and Owners
A Harris Poll survey of over 2,000 U.S. consumers indicates widespread concerns about housing affordability and maintenance costs. Younger generations, particularly Gen Z and millennials, report higher levels of pessimism regarding homeownership. The poll, the third on this topic…