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As home prices rise, many people can’t find a place they can afford
Source: Palm Beach Post Palm Beach County’s home price rebound is putting the squeeze on affordability. Just 57.7 percent of homes sold in Palm Beach County in the second quarter were affordable to a median-income family, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. That was the lowest level since 2008.…
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Letters: Housing roundtable shows county progress
Source: Palm Beach Post Palm Beach County, the Housing Leadership Council and Palm Beach State College should be commended for hosting an Affordable Housing Roundtable at the Lake Worth campus of PBSC for stakeholders. An overflowing room of private developers, real estate professionals, funders, nonprofit service providers and public officials received alarming data concerning the…
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Palm Beach County housing affordability slips
Source: Palm Beach Post Homes in Palm Beach County became less affordable in the first quarter, according to the latest Housing Opportunity Index from the National Association of Home Builders. Just 61.4 percent of homes sold in the quarter were affordable to a median-income family, down from 62.1 percent in the fourth quarter. The culprit?…
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Priced out of the market in downtown West Palm? City says help on way
Source: Palm Beach Post Try finding an affordable place to live in downtown West Palm Beach. Not easy. With the economy and real estate market on the rise, plenty of luxury condos are on the planning boards. But there’s a dearth of lower-priced condos and rentals to serve those with moderate incomes who want to…
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Denver’s $150M affordable housing plan highlights stepped-up strategy
Source: The Denver Post The urgency of Denver’s affordable housing problem has become all but impossible for Joe Vostrejs and many other employers to ignore. The downtown real estate and restaurant investor sees service employees with families struggle to afford apartments or homes on salaries of $30,000 to $40,000 a year. Read more…
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The top 5 most and least affordable home markets
Source: Housing Wire With a projection that home prices and interest rates will increase and mortgage affordability will decrease, Detroit is predicted to be the most affordable and San Francisco the least affordable housing market this year, according to the first-ever realtor.com Mortgage Affordability Report. Read more…
