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‘My Generation Is Never Going to Have That’
In Seattle’s red-hot housing market, a group of millennial techies is using data skills to alter the look, and affordability, of their adopted city. By PAUL ROBERTS April 26, 2018 On a brisk Saturday morning in March, a 27-year-old programmer named Zach Lubarsky, bundled in a fatigue jacket and knit cap, took a ReachNow rental…
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Why Housing Research Adds Value across Disciplines
Urban Institute- How Housing Matters September 06, 2018 by Veronica Gaitán and Maya Brennan Yesterday, vice president and chief innovation officer of the Urban Institute, Erika Poethig, testified before members of the US House of Representatives to share evidence on the impact of regulations on the development of affordable multifamily rental housing. Poethig noted that many…
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Affordable Housing in Palm Beach County Continues to be Out of Reach for Many
By Robert S Weinroth One of the few things I remember from my college economics classes, over 40 years ago, is the law of supply and demand, considered one of the fundamental principles governing an economy. It is described as the state where as supply increases the price will tend to drop or vice versa,…
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Middle-Class Misery: Housing Crisis Hitting Cities, Working Americans Harder Than Ever Before
August 19, 2018 Jon Banister and Miriam Hall Ten years after the Great Recession roiled the global financial system and sent the American economy into a tailspin, the U.S. has roared back to boast an unemployment rate below 4% — a figure not seen since the 1960s. Yet, despite the influx of jobs, wage growth…
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Housing affordability falls to 10-year low in Palm Beach County, nation
By Jeff Ostrowski – Palm Beach Post Staff Writer Mirroring a national trend of rebounding home prices and rising mortgage rates, Palm Beach County saw housing affordability fall to a 10-year low in the second quarter of 2018, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. Just 54.9 percent of homes sold in Palm Beach…
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Heavy Housing Burden
Source: Abodo.com Renters always get the same advice: Don’t spend more than 30% of your income on housing. That’s not just an anecdotal recommendation. According to the Department of Housing and Urban Development, households that spend more than 30% of their income on rent are “housing-cost burdened.” And the heavier that burden gets, the more…
