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Salary Needed to Afford a Home in the Top 15 Metros

Pro Builder

Housing costs are the biggest expense Americans have, with about one-third of the average American salary going toward these. SmartAsset identified the salaries needed in the 15 largest metros to afford an average home payment and not exceed the recommended 36% debt-to-income ratio. and Philadelphia. cbroderick. Key Findings.

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The butterfly effect, chaos theory and getting ahead of the trends

Construction Marketing Ideas

Scott Butcher and William Long have written a provocative story: The Butterfly Effect and its Impact on AEC Firms, in The SMPS Marketer , precursor to a presentation they will give at the association’s annual conference in Philadelphia in August. So what’s the butterfly?

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Increasing Home Values Lift 1 Million Homes from 'Underwater' Status

Pro Builder

Chicago, Philadelphia, and New York experienced the largest declines in underwater homes during that period, reports National Mortgage News. There remain pockets of the country where housing debt-traps are widespread. Housing Policy + Finance. Now, with home values up, there remains 2.25 million at the end of 2019.

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Are There Lessons From the Great Recession for the COVID-19 Pandemic?

Pro Builder

Many builders reported that last December was unusually busy, the best in years for housing starts and contracts. In 2008, when Hodges was working through the housing crisis in Florida for builder K. Hodges advises builders to offer to suspend construction for a defined period, secure the house, and wait until the dust settles.

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Pity the fool - The Business Facilities Blog - Economic Development.

Business Facilities

Yesterday, the Maestro sat amidst the wreckage of the global financial system and was asked by the chairman of the House Committee on Oversight and Government Reform whether his zeal for unregulated markets might have caused the unmitigated disaster we are now living through. Philadelphia success story. Previous 10 Posts.

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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

Buisness Facilities Contributed Content

They also will be eligible to give property tax abatements for new development, allowing cities like Camden to spur development and compete with Philadelphia for private-sector jobs and residential growth. Projects in these cities will have significantly lower eligibility thresholds and higher incentive levels.

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Bootstraps for Building

Business Facilities

Founded in 1762 by William Allen, a wealthy shipping merchant and former mayor of Philadelphia, it’s the place where patriots hid the Liberty Bell from the British during the Revolutionary War. These new workers, in turn, may move into new housing (and eat in new restaurants and shop in new stores, etc.,