14 Million Households Plan to Give Their Homes to Family

Build RealtyMarket News

Americans are moving less than ever, according to Zillow’s analysis of the U.S. Census Bureau’s Current Population Survey. Just 4.2 percent of American homeowners moved between 2015 and 2016 – which is almost half the 7.7 percent rate reported in 1990. According to the Zillow Group Consumer Housing Trends Report 2017 , 86 percent of all American homeowners – defined … Read More

Landlords Just Got a Big Tax Break

Build RealtyMarket News

Through a late provision added to the GOP tax plan last weekend, real estate investors may be on course for a multimillion-dollar tax break. The change would allow real estate investors to take advantage of a new break that provides a 20 percent deduction on taxable income for pass-through companies. A pass-through is a special type of corporate structure, popular … Read More

Time to Renovate the Mortgage Interest Deduction

Build RealtyMarket News

The lack of affordable housing in America’s fast growing cities is reaching epic proportions as more and more families are being priced out of homeownership .  In 2012, a middle class family could afford 44 percent of the homes for sale. By 2016, the share of affordable listings declined 12 percentage points to just 32 percent. This housing equality gap … Read More

Rental Affordability Is Worst in Minority Communities

Build RealtyMarket News

Housing has become less affordable for all renters since 2011 as rent appreciation greatly outpaced income growth. But for renters living in predominately black or Hispanic neighborhoods, the situation is decidedly worse. New data shows that, on average, residents of predominantly white neighborhoods spend 30.7 percent of their income on rent, in line with the generally accepted standard of 30 … Read More

Economic Sweet Spots for Tech, Finance and Health Care Workers

Build RealtyMarket News

With Silicon Valley workers living in vans and RVs and interns squatting in corporate offices , it’s clear that even a tech salary does not shield some workers from the vagaries of sky-high housing costs. The good news is, there are tech jobs outside the Bay Area — and, in some places, workers have thousands of dollars left over each month after paying … Read More

Have U.S. Cities Reached Peak Parking?

Build RealtyMarket News

Key Findings Construction of residential parking spaces peaked in 2012. Builders will provide more housing and less parking across the U.S. next year as more cities start letting developers decide how much parking to build. Still Lots of Parking, But Dropping Fast Less parking will be built for 2017’s new homes than was built for this year’s new homes. This … Read More

The Inequality of Energy Costs: California Homeowners Get a Break

Build RealtyMarket News

Energy costs are an important factor to consider when choosing a home to buy or rent, yet they’re rarely included among statistics reflecting housing affordability. And given their seasonal fluctuations in many areas, they can be tricky to budget for. But they’re worth paying more attention to. Here’s why: Energy costs can add more than 50 percent to annual housing … Read More

Working-Class Homeownership: Still Possible in Many Big U.S. Cities

Build RealtyMarket News

Homebuyers in cities across the U.S. are saying affordability is their biggest concern as home prices rise and inventory shrinks. But there is some good news for working-class homebuyers. Across 40 large U.S. cities, 55 percent of homes for sale last month were affordable for a working-class household and still between two and four bedrooms in size. Homes of this … Read More

RV Living in the City: Dodging the Rental Affordability Crisis

Build RealtyHome Improvement

[youtube https://www.youtube.com/watch?v=4NrHT2MgCGU?feature=oembed&w=500&h=281] No one has to tell Ellen Sims that Seattle rents aren’t affordable. The massage therapist and nonprofit executive knows firsthand that for many people, it’s impossible to pay rent here and get ahead. That’s why she extracted herself from the rent race a year ago, plunking $2,000 down on a recreational vehicle that now costs her a manageable … Read More

High Rent Looms Large for Would-Be Homebuyers

Build RealtyMarket News

The cost of rent is pushing more people into the housing market, according to a Redfin survey of homebuyers. More than one in five cited high rent as their top reason for house hunting in November, up from only 13 percent in our previous survey in July. It’s no surprise, given that rents have been rising rapidly while wages haven’t. … Read More