housing affordability

How much home can you buy on a variety of fixed monthly payments as mortgage rates change?

Priced Out of Moving Up in 2018? This Spring, the Same Monthly Budget Can Buy $25,000+ More House

Move-up buyers can afford to buy a $26,000 more expensive home in the Seattle area than they could last year thanks to falling interest rates and stalling home prices. Last October when mortgage rates were at 4.75 percent—up nearly a full point from a year earlier—we shared a version of the chart below to demonstrate …

Priced Out of Moving Up in 2018? This Spring, the Same Monthly Budget Can Buy $25,000+ More House Read More »

San Francisco housing affordability

In Atlanta, Nearly Half of Homes For Sale Are Affordable on the Nation’s Median Income. In San Francisco? Less Than 1%.

Redfin’s new affordability tool allows users to visualize and compare housing affordability on different incomes and in different parts of the country. In the Atlanta metro area, 45.7 percent of homes currently for sale are affordable on $61,372, the median U.S. household income in 2017, the most recent year for which data is available.  In …

In Atlanta, Nearly Half of Homes For Sale Are Affordable on the Nation’s Median Income. In San Francisco? Less Than 1%. Read More »

Affordability in the Seattle area

In Microsoft’s Hometown of Redmond, WA, Just 22% of Homes Are Affordable to Its Own Engineers—The Company’s Affordable Housing Pledge Could Help Change That

Microsoft’s $500 million commitment to affordable housing could help ease the Seattle area’s affordability crisis and make way for more diverse communities. When Microsoft announced its $500 million commitment to affordable housing at the beginning of the year, the company acknowledged that even tech workers in the Seattle area can have a hard time purchasing …

In Microsoft’s Hometown of Redmond, WA, Just 22% of Homes Are Affordable to Its Own Engineers—The Company’s Affordable Housing Pledge Could Help Change That Read More »

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