Remove tag home-affordability
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Opinion: Improving housing affordability without exposing homebuyers to more risk

Housing Wire

It is no secret that there is a housing affordability challenge in the U.S. According to the National Association of Realtors ’ (NAR) Housing Affordability Index , since spring of last year, a typical family with a median income have not been able to afford a median-priced home.

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New home sales continue to climb in 2023

Housing Wire

New home sales started off 2023 on a positive note, rising 7.2% from December to a seasonally adjusted annual pace of 670,000 homes, according to data published by the U.S. On a year-over-year basis, however, new home sales are still down 19.4%. January marked a surge of people signing contracts to buy new homes.

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Selling your home? Make sure you’re aware of hidden costs

Housing Wire

It’s no secret that buying a home takes time and money. Well, it turns out, so does selling a home. According to Zillow and Thumbtack’s Hidden Costs of Selling Analysis , the average homeowner spends over $15,000 in “hidden costs” to sell their home. . Are you thinking about selling your home? Staging Costs.

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Turnkey homes vs. fixer-uppers: The best home for your wallet

Housing Wire

While turnkey properties come with a higher price tag , they can be a cheaper investment in the long run. According to a study conducted by Buildword , 53% of buyers who purchased a fixer-upper exceeded their budget, compared to 15% of buyers who purchased a turnkey home. How much house can you afford to buy? Projects to avoid.

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5 signs you’re ready to downsize your home

Housing Wire

While owning a home is exciting, it comes with a great deal of responsibility. If your home doesn’t fit your lifestyle anymore, you might want to consider purchasing something smaller – or even renting. Here are five signs it’s time to downsize your home: More for Real Estate Enthusiasts. You’re Never Home.

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DIY projects to increase your home value

Housing Wire

In the past year, there’s been an upturn in home improvement projects. According to a survey completed by Bid-On-Equipment, 89% of American homeowners made some sort of improvement to their homes during the pandemic. With so many American’s spending time at home, this really shouldn’t come as a surprise. Projects to avoid.

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Crown Heights ‘Eco-Yogi’ Townhouse Offered Via Affordable Housing Lottery Is Only $678K

Brownstoner

An entire townhouse is for sale and available through the city's affordable housing lottery.

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