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According to a recent press release from the National Housing Conference (NHC), the income needed to buy a median-priced home in the United States has doubled since 2019 from $54,200 to $111,000 - and for new homes, the income required has …
According to an October 27 press release from online housing market tracker ShowingTime, home showing traffic continued its decline in September, according to the latest data from the company’s online Showing Index®. Affordability remains …
It’s that time of the year again—the Halloween candy is long gone, Thanksgiving turkeys are being ordered, and Christmas, Hanukkah, Kwanzaa, and New Year’s Eve are all approaching, complete with sparkly lights and ornaments, as well as a pa…
The real estate market since the start of the COVID-19 pandemic has been tough on all buyers, but aspiring first-time buyers may have struggled most of all. For much of 2020 and 2021, the housing market faced a challenging combination of h…
With both real estate and rental prices rising quickly over the last two years, U.S. households that don’t currently own their home are facing a major affordability crunch. A new study by Roofstock adds some interesting data to the disc…
Gen Z is hitting adulthood at a difficult time. Defined as those born between 1997 and 2012, most Gen Zers today are firmly in early adulthood or in their teenage years. Finding footing at this stage of life is challenging enough on its own…
Prior to the 1980s, the majority of New York City apartment buildings were rentals, owned by landlords. Then, in the 1980s, many landlords realized that it would be more financially advantageous for them to sell their buildings to the tenan…
President Joe Biden’s signing of the Inflation Reduction Act earlier this week has been heralded as the most far-reaching and comprehensive legislative plan to fight climate change to date. Among many other things, it provides millions of d…
The residential real estate market in the U.S. experienced an unprecedented spike in home prices between 2020 and 2022, but signs from this spring and summer indicate that the market is cooling off. Existing home sales in the U.S. have dec…
Over the past few years, the New York City condo and co-op market has experienced something of a perfect storm. Changes to the federal tax code and COVID-19 colluded to slow down the market, even as other areas around the country were soari…