Home affordability is up — by a smidge

Aug 25, 2022
The Mortgage Bankers Association reports the average monthly payment on a new mortgage in July was $1,844, down $49 from June, as mortgage rates and loan amounts edged lower.
So home affordability — a ratio of average income to average monthly mortgage payment — has improved slightly in recent months.
Justin Sullivan/Getty Images

Remote workers have stayed in Truckee, California, but not the local workforce

Aug 16, 2022
Skyrocketing housing costs are driving out the local labor force, leaving all kinds of businesses in the small town short-staffed.
Truckee, California, became a haven for remote workers early in the pandemic.
Matt Gush/Getty Images

Housing affordability continues to worsen for many Americans

Jul 19, 2022
Home prices are at record levels, and mortgage rates are much higher now than they were six months ago.
Fewer homes are being built these days — especially in the price range of first-time buyers.
Stefani Reynolds/AFP via Getty Images

As house prices skyrocket, some Aussies consider big moves

Nov 25, 2021
Homeownership was already out of reach for many young Australians. Then the pandemic hit.
Prices are rising at breakneck speed in places like Sydney's eastern suburbs, spurred by a housing shortage and low interest rates.
Zetter via Getty Images

Why is it hard to create enough affordable housing?

Oct 5, 2021
The story of Austin's attempt to build one home for a low-income family in a wealthy neighborhood sheds light on the answer.
A judge forced the city of Austin to stop construction on a lot it owns at 3000 Funston St. more than a year ago.
Audrey K. McGlinchy

Climate change is going to make buying a home even more expensive

Sep 28, 2021
A report from the Mortgage Bankers Association says environmental risk will likely lead to higher insurance premiums and loan interest rates.
A firefighting helicopter makes a water drop near homes in California, where wildfires, exacerbated by climate change, have destroyed many properties.
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California hopes for a duplex revolution

Aug 30, 2021
The bill likely to become law would effectively end single-family-only zoning across the state. But will it ease housing prices?
People look at a San Francisco home during an open house in April 2019.  Following a dramatic jump in housing prices over the past year, a California bill that has passed both chambers seeks to effectively end single-family-only zoning.
Justin Sullivan via Getty Images

For public good, not for profit.

Rents are rising again, making it hard to find an apartment

Jul 22, 2021
Bidding wars to rent? One would-be renter says that's going on in Houston, Texas.
While rents in urban areas dipped during the pandemic, they're climbing back up and inspiring rental bidding wars in some markets.
Justin Sullivan via Getty Images