housing affordability

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Top 10 Hottest Housing Markets in 2025

The real estate market is set for a shakeup in 2025, as affordability, reduced mortgage lock-in effects, and robust job growth steer buyers toward emerging metropolitan areas. According to a new report from the National Association of Realtors (NAR), a mix of affordability and favorable conditions is creating fresh opportunities for homebuyers and investors alike. Midwest Revival: Indianapolis and Grand Rapids NAR predicts a Midwest revival, with Indianapolis and Grand Rapids, Michigan, making the list. Grand Rapids benefits from a strong starter-home market and lower mortgage proportions at higher interest rates, creating room for inventory expansion. Meanwhile, Indianapolis’s affordability is

December 30, 2024 No Comments

property News

The Disappearing Act of Affordable Housing: A Growing Crisis in the U.S.

Affordable housing in the U.S. is on the brink of a major crisis, as thousands of units built under the Low-Income Housing Tax Credit (LIHTC) program are set to expire in the coming years. This program, which has been in place since 1986, has been responsible for creating 3.6 million affordable housing units, yet many of these units are nearing the end of their 30-year affordability period. For tenants like Marina Maalouf, a longtime resident of Hillside Villa in Los Angeles, this expiration marks a significant threat to their livelihood. Marina’s rent doubled in 2021 after her building’s LIHTC contract

October 8, 2024 No Comments

property News

Why Mortgage Changes Won’t Solve London’s Rental Crisis

The federal government’s recent decision to extend mortgage amortizations to 30 years for first-time homebuyers aims to make homeownership more accessible, but experts suggest this will do little to alleviate London’s tight rental market. With vacancy rates at a mere 1.7% and rental prices continuing to rise, industry analysts predict minimal impact on the overall rental supply. While the mortgage expansion now includes first-time buyers of any home type, along with those purchasing newly built homes, this change doesn’t address the root issue of housing affordability. Even with lower monthly payments, housing prices in London remain significantly high, making homeownership

September 27, 2024 No Comments