A comparison of teacher salaries to home values within 20 minutes of work found a high of 18% affordable in Fort Lauderdale and Jacksonville but only 4% in Miami.
UBS will pay $1.44B to settle claims it gave mortgage borrowers false and misleading statements in 2006-2007, the last big bank case from the housing crisis era.
New buyers often ask similar questions, and an AI virtual assistant – not unlike ones used by some companies in online “Chats” – are handling the more basic queries.
NAHB’s 2Q comparison of selling prices ($388,000, nationally) to median incomes ($96,300) found only 40.5% of U.S. residents can afford a home at that price.
Texas had 3 cities in the top 10, but Jacksonville hit No. 9 with its “bounty of BBQ restaurants.” It beat out Tampa (No. 15), Orlando (No. 17) and Miami (No. 47).
It’s not just the house: Some neighborhoods offer more opportunities. In Fla., the home price difference between high- and low-opportunity areas runs as high as 64%.
Start with local research. What words to buyers use most often when searching for a home? What words are within listings that see the most clicks?
While $1M signified luxury property a short while ago, it’s now 8% of the nation’s housing stock – but a large percentage of those homes are still in Pacific Coast states.
Investors bid up prices for multifamily properties during the pandemic, and that debt will soon cost even more after higher interest rates affect loan rates.
An 18-association group that includes NAR sent a letter to federal housing regulators, saying that rent control makes affordable housing issues worse – not better.
