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Housing affordability

Homes in most metropolitan areas are overvalued, a new report says. Here's why.

by Caleigh Wells
May 22, 2024
Normally, higher interest rates mean cheaper homes. Not this time.
"I’ve had clients ask me when the bubble is gonna burst for a decade. It’s not gonna burst," said Greater Nashville Realtors President Kevin Wilson of the city's real estate market.
Saul Loeb/AFP via Getty Images
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Living Together: The Wealth of Generations

Why multigenerational households are making a comeback in a big way

by Chris Farrell
Apr 3, 2024
From 1971 to 2021, the number of people living in multigenerational family households in the U.S. quadrupled to nearly 60 million people.
Nearly half of young adults between 18 and 29 live with their parents — a high not seen since the Great Depression.
SolStock/Getty Images
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Mortgage rates have fallen, but are homes more affordable?

by Justin Ho
Mar 25, 2024
When you take mortgage rates, housing prices and incomes into account, homes are 44% less affordable than they were two years ago.
New home sales were 6% higher than the same time last year. But that doesn't mean the new homes are more affordable.
Joe Raedle/Getty Images
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Skin in the Game

How the video game Dot's Home was adapted for the stage

by David Brancaccio and Erika Soderstrom
Mar 19, 2024
"Dot's Home Live" has been performed in Detroit in an effort to share the game's housing rights story with the community.
The video game Dot's Home has been downloaded more than half a million times on phones and computers. But co-creator Christina Rosales knew that games are often played alone, and she wanted to bring the production to the “next level.”
David Brancaccio/Marketplace
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Why might Americans be moving less?

by David Brancaccio , Chris Farrell and Alex Schroeder
Mar 14, 2024
Rather than chasing higher-paying jobs, many Americans are opting to stay put. Housing costs have something to do with it.
"Higher wages still attract workers, but people are reluctant to move because of high housing costs," explained senior economics contributor Chris Farrell.
Mario Tama/Getty Images
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The racial wealth gap, 60 years since the Civil Rights Act

by David Brancaccio and Alex Schroeder
Mar 1, 2024
A new report from the National Urban League highlights progress, but also underscores how elusive economic equality is.
"We've seen some closures in the education gap. But there's still a gap — the health care gap, the economic gap. In social justice, which covers the criminal justice system, we've actually seen a loss of ground in a significant way," says Marc Morial, president of the National Urban League.
Courtesy National Urban League
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More renters expect they'll never buy a home

by Kristin Schwab
Jan 31, 2024
They plan to rent forever because they can't afford to buy or they like the renting lifestyle.
In 2023, it was more expensive to buy than it was to rent in 46 of the top 50 U.S. metro areas, according to Redfin data.
Justin Sullivan/Getty Images
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A Warmer World

Wetlands or housing? Climate change pressures shoreline development plans.

by Ezra Romero
Dec 22, 2023
In California, a fight is brewing over whether to build middle-class homes or restore wetlands that could mitigate flood risk. 
The city of Newark, California, could move to restore wetlands instead of building hundreds of houses. The development could ease the housing shortage, but the land could mitigate flooding as the seas rise.
Courtesy Derell Licht
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Can an Airbnb crackdown really make New York more affordable?

by Samantha Fields
Aug 24, 2023
The explosion of short-term rentals has exacerbated the city's housing crisis.
A New York City study found that the larger the number of Airbnbs, the higher the rents in a neighborhood. Above, a view of the Manhattan skyline.
Roy Rochlin/Getty Images
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High mortgage rates recall an era of ... high mortgage rates

by Meghan McCarty Carino
Aug 18, 2023
The highest mortgage rates in 20 years are now coupled with high home prices — bringing angst to many homebuyers.
The last time mortgage rates were this high was the early 2000s. Even then, those rates were low compared to the 1980s.
Paul J. Richards/AFP via Getty Images
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