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Working From Home Could Bring 2 Million Buyers Into the Market

Pro Builder

metros, Zillow discovered that nearly 2 million renters could become homeowners if given the option to work from home. The company evaluated renter households which cannot afford starter homes in their metro areas, then created a probability of those renters to telecommute based on income, industry, and occupation.

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Metro Denver Adds 49 New Affordable Housing Units

Pro Builder

and financing came from Denver’s Homelessness Resolution Fund, the Colorado Housing & Finance Authority, and the Colorado Division of Housing, The Denver Gazette reports. “We The one-bedroom apartments, with support services from WellPower, seek to transition homeless individuals back into long-term housing.

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Over Half of Boise Home Sellers Dropped Their Asking Prices in June

Pro Builder

Home sales are slowing in the nation's most popular metros, and sellers are responding by reducing their asking prices. Price drops are becoming increasingly common in popular metros that have seen record growth throughout the pandemic, indicating that the Fed’s inflationary control methods are indeed cooling an overheated market.

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Record Appreciation Is Sending Homeowner Wealth Soaring

Pro Builder

Owners who live in pricey metro areas have seen some of the largest wealth gains over the last decade, according to NAR’s report. For example, in the San Jose metro area, low-income earners have accumulated nearly $630,000 over the last 10 years while middle-income earners gained $643,000.

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It's Now Cheaper to Rent Than Buy in Every State

Pro Builder

That’s the question many prospective buyers and renters face, and the answer usually comes down to finances. metro areas. This week’s chart shows the 10 metro areas with the largest and the smallest differences in housing costs for renters and owners. It's Now Cheaper to Rent Than Buy in Every State. cbroderick. Read More. .

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One-Third Metro Areas Add Construction Jobs in Latest 12 Months

Construction Superintendent Magazine

Only 30% of the nation’s metro areas added construction jobs in the past year, according to an analysis of new government data that the Associated General Contractors of America released. The post One-Third Metro Areas Add Construction Jobs in Latest 12 Months appeared first on Construction Superintendent.

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Cancellation Rates Are Soaring in Metro Denver as Interest Rates Price Out Homebuyers

Pro Builder

Cancellation Rates Are Soaring in Metro Denver as Interest Rates Price Out Homebuyers. Homebuyers in metro Denver are being forced to pull out of home purchase agreements for homes already under construction following the Fed's consecutive rate hikes. Financing. Tue, 10/04/2022 - 10:24. New-Home Sales. New-Construction Projects.

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