The United States is struggling with a shortage of up to 5.5 million homes, experts say. The housing gap is so large that it would take more than 10 years to reduce, even if builders accelerate new home construction right away, the National Association of Realtors believes. So President Joe Biden’s new plan that calls
Buyers priced out of affordable homes
January 4, 2021 by
Home prices have grown in most parts of the country in 2020, but there are still many pockets of affordability with homes available for less than $100,000. All in all, there were around 50,100 single-family listings across the U.S. in November, usually located in small or medium-sized cities or rural areas. But buyers are struggling
Remote working enables more Americans to move to cheaper areas
March 8, 2020 by
Americans who move to new areas are finding that they’re being given more opportunities to telecommute as employers try to convince them to remain in their jobs. That’s according to a new Redfin study, which found that telecommuting is enabling many Americans to relocate to areas with more affordable housing while keeping the same salary.
New Story builds its first 3-D printed homes for low income families in Mexico
December 19, 2019 by
3-D printing is being pitched as the answer to solve a worldwide shortage of affordable homes, and it can do so quickly as it’s possible to construct a home in this fashion within just 24 hours. A report from Curbed.com highlights the efforts of Icon, a construction technology startup based in Austin, and housing nonprofit
Minneapolis officially removes single-family zoning
October 31, 2019 by
Minneapolis has become the latest U.S. city to do away with single-family zoning laws, allowing a greater variety of construction within its neighborhoods. The measure to eliminate single-family zoning was approved in a 10-1 vote by Minneapolis City Council members. Single-family zoning laws have come under attack in several U.S. cities and states in recent
Arizona encourages home buyers to chip in on affordable housing
October 7, 2019 by
Real estate agents and home builders in Arizona are being asked to encourage new buyers to donate $25 upon closing to a new fund that’s been setup to combat homelessness in the state. The Arizona Housing Fund is the brainchild of one Howard Epstein, a board member of nonprofit group Arizona Housing Inc. “Too many
Midwestern markets heat up as buyers chase affordable homes
August 16, 2019 by
The Midwest is seeing growing home sales as more buyers swoop into the heartland in search of affordable homes. The uptick in sales means that midsize cities such as Boise, Idaho; South Bend, Indiana, and Columbia, Missouri are now showing up as some of the U.S.’s top-performing real estate markets. Just 10 of the 178
Trump resolves to make housing more affordable
June 28, 2019 by
U.S. President Donald Trump is turning his attention to the affordable housing problem. He’s just signed an executive order to setup a “White House Council” that will be tasked with “identifying and removing barriers hindering the development of affordable housing”, HousingWire reported. What that means is the president is trying to “tear down the red
Just-released FHA report shows Fresh opportunity to make Homeownership More Affordable
November 16, 2016 by
The Federal Housing Administration’s just released actuarial report shows that the Mutual Mortgage Insurance Fund is on a steady financial trajectory, a finding the National Association of Realtors® believes is an opportunity to make FHA’s low-down-payment mortgage
The Market Needs More New Affordable Homes
June 20, 2016 by
Across much of the country, home prices keep jumping and price wars are happening. Most people would think that would be a major incentive for new home construction. However, new construction is decreasing according to the U.S. Department of Commerce. Across the country, the number of newly built homes fell to only 72,600 in April.
