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Housing Affordability

More Than 40% of Lower-Income Households in the Bay Area and Seattle Are Rent-Burdened

Amazon’s recent pledge aims to help address the housing affordability problem in certain areas. Even huge amounts of money–like Amazon’s commitment of $2 billion–will only have a minor impact on the share of families who spend more than 30% of their income on rent. The hot housing market is good for homeowners, but it also […]

More Than 40% of Lower-Income Households in the Bay Area and Seattle Are Rent-Burdened Read More »

1 in 4 U.S. Homeowners Have Lived in Their Home for Over 20 Years—The Highest Share on Record

People are staying put longer as rising home prices, a housing shortage and skyrocketing coronavirus cases—especially in senior-living facilities—make moving less attractive for some Americans. But a handful of migration hotspots, including Charlotte, Tampa and Atlanta, are bucking the national trend. A record 25.1% of U.S. homeowners in 2020 have lived in the same home

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Out-of-Towners Moving Into Nashville, Atlanta and Austin Have More Than 30% Bigger Homebuying Budgets Than Locals

Out-of-towners have bigger budgets than locals in 31 of the 34 cities included in this analysis, and they’re driving up home prices. The average housing budget for out-of-towners moving to Nashville in 2020 was $719,500, 48% higher than the $485,500 average budget for local buyers. That’s according to an analysis of average maximum list-price filters

Out-of-Towners Moving Into Nashville, Atlanta and Austin Have More Than 30% Bigger Homebuying Budgets Than Locals Read More »

6 of the 10 Most Competitive Cities For Buying a Home This Year Are in Washington State

Relatively affordable Seattle-area suburbs dominate the list of most competitive cities in the U.S. this year. Two Oakland suburbs are also hot for homebuyers.  Six of the 10 most competitive cities for buying a home this year are in Washington state.  Spanaway, WA—located about 45 miles south of Seattle in the Tacoma metro area—is the

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Luxury Home Sales Surge a Record 61%, Quadrupling Pre-Pandemic Growth as America’s Wealthiest Homebuyers Reap Gains of Uneven Economic Recovery

Sales of luxury homes significantly outpaced the 7% growth in sales of affordable homes this fall, as affluent Americans were more likely to have the means and the flexibility to move during the coronavirus pandemic. U.S. luxury home sales surged 60.7% year over year during the three months ending Nov. 30, the biggest jump since

Luxury Home Sales Surge a Record 61%, Quadrupling Pre-Pandemic Growth as America’s Wealthiest Homebuyers Reap Gains of Uneven Economic Recovery Read More »

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