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Tag: Housing Affordability

US home values are surging at their fastest pace since before the financial crisis

The median US home value rose 8.7% to $215,600 in April on a year-over-year basis, the fastest increase since 2006, according to Zillow data. San Jose, Las Vegas, and Seattle were the cities that saw the biggest increase over the period.
The California Energy Commission voted to require all new homes in the state to have solar panels.

‘A difficult pill to swallow:’ California’s housing industry is bracing for a new regulation that could make its affordability crisi...

California recently became the first US state to require solar panels on all new homes. Economists warn that this could worsen the affordability crisis in one of America's most expensive states.
New townhouses under construction in Northeast Washington, DC.

A ‘self-fulfilling prophecy’ is making the housing market more hellish for first-time buyers

The share of people who cite rising home prices as the reason why it's a good time to buy is at the highest level of the survey's history, going back to the late 1980s. It's "a case of expected asset inflation becoming a self-fulfilling prophecy," the economist David Rosenberg said.
California homebuyers face a long road when saving for a home.

Millennials are waiting longer than ever to buy homes — here’s how many years it takes to save for a down payment in 25 major US cities

How long it takes to buy a house depends on where you live. See how many years the average person saves for a down payment in major US cities.

Americans agree housing is a good investment — but some deeper differences reveal how severe the new crisis is becoming

Most people agree that housing is a good investment, but there are interesting regional differences.

San Francisco’s housing market is so dire that people are spending over $1 million on the ‘earthquake shacks’ built after the 1906 f...

Cottages known as "earthquake shacks" are one of the most desirable real-estate assets in the city.
A burned-out home in San Jose, California, has sold for over $100,000 above the asking price.

Silicon Valley’s housing market is so dire, a burned-out home just sold way over the asking price — for $938,000

The San Francisco Bay Area is one of the most expensive housing markets in America. Case in point: A fire-ravaged home in San Jose, California, has sold well over asking for $938,000. The home will need to be demolished.

A woman in San Francisco says she gets by on $30,000 a year by having no internet, cable, Netflix, or car

San Francisco's high cost of living has made it difficult for artists, artisans, and even tech entrepreneurs to stay. Here's how one local actress manages.