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Black Homeownership Rate Not Rebounding Like Other Demographics
A recent study from the Joint Center for Housing Studies of Harvard University revealed that homeownership rates among blacks is not rebounding at the same levels of other races in the United States.
read moreFreddie Mac: Diminishing Housing Affordability is Inescapable
Freddie Mac tracks multifamily rental affordability at the unit level by comparing area median income (AMI) data from the Federal Housing Finance Agency (FHFA) with rent data from the American Community Survey (ACS)i. The basic finding is that population growth is negatively correlated with an area’s ability to preserve affordable housing.
read moreHigh Housing Prices in North Texas Keeping Residents in Place
Incomes are not keeping pace with housing prices and it’s starting to show in the sales numbers in North Texas. The Dallas Morning News is reporting that Q1 housing starts in the region are down 11 percent from a year ago with overall home sales down 5 percent over the same time period. The cause? Experts say housing prices are just too high and household incomes are just not rising fast enough to keep up.
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