Renters are making big sacrifices to afford their home, study finds

As rents continue to steadily rise across the U.S., about a quarter of renters say affording their rent payments is difficult or very difficult. To make ends meet, two-thirds of those renters make at least one financial sacrifice to afford their home, and half wouldn’t be able to afford an unexpected $1,000 expense, according to

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California Governor signs rent control bill into law

California Governor Gavin Newsom last week signed into law new legislation that will place caps on rents throughout the state. The move that was warmly welcomed by tenant groups but others in the real estate industry say it could have negative long-term consequences. Under the new law, which takes effect in January, landlords will be

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New home starts fall for 3rd successive month

New construction of single-family homes saw an uptick, but a decline in multifamily production for apartments and condos meant an overall decrease of 4% in housing starts last month, according to new data from the Commerce Department. Single-family home starts rose 1.3% to 876,000 units in July, with the largest increase seen in the South.

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Study: Washington D.C. residents have the most cash leftover after paying their mortgage

With housing becoming more and more unaffordable in the U.S., a new Zillow analysis shows that residents in the capital, Washington D.C. have the most cash left over after paying their mortgage. Zillow’s study assumes the median annual gross income and mortgage payment for each of the 35 largest housing markets in the U.S. Its

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To Really Find the Most Affordable 2nd Home Getaways

Real estate data from Homes.com revealed Turkey and Greece as two of the most economical markets for owning a 2nd home.

Zillow says housing affordability concerns will grow in 2019

The housing market is slowing as 2018 comes to an end, but home shoppers looking for a more affordable buying environment in 2019 might be disappointed. Next year, Zillow expects mortgage rates to continue to rise, putting a pinch on affordability, particularly in already expensive markets. Some buyers may be pushed back toward the rental

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Affordability concerns are slowing down new home construction

Rising housing affordability concerns are causing a slowdown in new home construction, according to a U.S. Commerce Department report published last week. The report noted that single-family housing starts fell by 1.8 percent in October compared to the previous month. “This month’s decrease in single-family starts isn’t a surprise given the drop in our builder

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Suburbs are less affordable than urban areas in the largest U.S. metros, study finds

Housing affordability across the country is especially tough in the nation’s urban areas, but in the country’s largest metros it’s often the suburbs that are the least affordable.

Report: Home affordability “unnervingly low’ for lower-income buyers

The double-whammy of of rising home prices and interest rates is creating a tough environment for would-be home buyers, making monthly mortgage payments on even modestly priced homes more of a financial burden. A monthly mortgage payment for a typical U.S. home requires 17.5 percent of the median income, up from 15.4 percent a year

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Zillow analysis highlights affordability gap in the rental market

Rental options for black renters were far fewer than what Asian or white renters could choose from last year. Black renters could afford less than a third of the rentals that white or Asian renters could afford in 2017,

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