Home Tags Housing Affordability

Tag: Housing Affordability

SoHo is one of the priciest neighborhoods in New York City.

The 10 most expensive NYC neighborhoods to live in right now, ranked

Hudson Yards is now officially New York City's most expensive neighborhood, with a median sale price of nearly $5 million.
4735 1/2 Oregon Street was originally listed for $1,100 a month.

People on Reddit are slamming a 200-square-foot San Diego ‘shed’ that rents for more than $1,000 a month, but it’s just the latest e...

A 200-square-foot studio apartment in in the University Heights section of San Diego, originally listed for $1,100, is sparking outrage online.
The state of Texas had five of the top 20 most financially stressed cities in the US (including Dallas, pictured above).

The 20 worst US cities for financial stability

These are the cities where the unemployment rates are high and a jarring number of people spend more than 50% of their income on housing.
Millennials are delaying homeownership because of student-loan debt.

61% of millennials said they’ve delayed buying a house because of student-loan debt, a new study found

Student-loan debt and skyrocketing housing prices make homeownership unaffordable for many millennials.
To determine if you should rent or buy a home, two early retirees say you should follow the Rule of 150.

There’s a simple math rule that can determine if you should rent or buy a home, according to 2 early retirees who think buying a house to live i...

Multiplying your monthly mortgage payment by 150% will show you how much your house will cost per month with all expenses, say two early retirees.
Tiny house building costs can vary widely based on a number of factors.

America is swept up in tiny-house fever — here’s how much it’ll actually cost to build one of your own

The cost to build a tiny house varies greatly and is based on several factors, including location, materials, and labor.
Housing is the biggest recurring expense most Americans face.

12 US cities where even the highest earners can barely afford housing

In some expensive housing markets, it can still be a stretch for even the highest earners to comfortably afford a home, a LendingTree report found.
Living in New York City will cost a pretty penny.

The monthly median rent for a studio in Manhattan this summer hit an astonishing 11-year high, and the city’s prices are driving people away in ...

One year's worth of rent in Manhattan is more than three-quarters of the country's average annual salary, which is $47,060.
Cost of living increases are surpassing income increases.

Income for young adults has grown by just $29 since 1974 — nowhere close to keeping up with skyrocketing housing costs and the crushing size of ...

People ages 25 to 34 have seen a $29 income rise in the past 40-plus years, adjusted for inflation. For older age groups, that jumps to $5,400.
Some millennials might finally be ready to take on homeownership.

Millennials might finally be ready to buy houses — but it’s causing home prices to rise and creating a vicious cycle for a generation that...

There's already a limited supply of starter homes on the market, and a spike in demand among millennials is exacerbating the problem.