Older Baby Boomers say it would be "very difficult" for them to qualify for a mortgage given their current financial situation. That's according to relatively new survey results from the National Association of Realtors (NAR). The survey interviewed 2,707 people from October to December of 2019. ... VIEW POST
How Housing Affordability Benefits Communities
Housing affordability is essential to building, revitalizing, and sustaining communities. Today, there are various stories around the nation about a lack of affordable housing among different income levels. Take this school system in California for example. The school system has proposed a ... VIEW POST
The Affordable Housing Shortage & Job Growth
The affordable housing shortage is having a negative effect on the job market. That's according to a National Association of Realtors (NAR) study. NAR research suggests "a decline in affordable housing not only makes it difficult for homebuyers to find their dream home, but it also has a negative ... VIEW POST
Is it Workforce Housing or Middle-Income Housing?
In the article, "Workforce Housing and Middle-Income Subsidies: A Primer," Tiffany Ford and Jenny Schuetz give the rundown of the difference between "workforce/middle-income housing" and "affordable housing." "The term “workforce housing” is most often used to indicate a program targeted at ... VIEW POST
New HOI numbers due this week
What is HOI? The National Homebuilders Association (NAHB) will release the latest Housing Opportunity Index (HOI) this week. According to the organization, the HOI "for a given area is defined as the share of homes sold in that area that would have been affordable to a family earning the local ... VIEW POST
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