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The Latest News about housing affordability

Apple Pledges $2.5 Billion To Help Combat California’s Housing Crisis

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Apple announced a $2.5 billion plan to help combat the housing crisis in California, according to a Monday press release from the tech giant. The Silicon Valley staple is one of many, including Facebook and Google, taking steps to address the state’s housing shortage that came in part after the tech giants invaded the area, bringing thousands of jobs and ...

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Watch: Left vs. Fact: Rent Control Hurts Renters

Rent control sounds like a great way to make affordable housing more available. Just like all other attempts at government price control, these laws have the opposite effect. Nicole Gelinas of the Manhattan Institute shows why price ceilings on apartments hurt those it intends to help. Watch: Content created by Conservative Daily News and some content syndicated through CDN is available ...

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Mortgage Payments Require Largest Share of Income Since 2009

Home mortgage

Monthly mortgage payments on the typical U.S. home required 17.1 percent of the median income in Q1 2018. From 1985 to 2000, mortgage payments took up an average of 21.1 percent of the median income. Mortgage payments are a bigger financial burden than they were historically (1985-2000) in nine of the 35 biggest U.S. metros. San Jose, Calif. has the ...

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U.S. home prices least affordable in a decade

U.S. home prices in the first quarter were at the least affordable level since Q3 2008 according to ATTOM Data Solutions report and California is home to three of the top 5 least affordable counties. The Q2 2018 U.S. Home Affordability Report calculates an affordability index based on percentage of income needed to buy a median-priced home relative to historic averages, with ...

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First-Time Homebuyers Pull Back For The First Time Since 2014

Home for sale

A new report released Thursday shows that first-time homebuyers bought fewer homes than the previous year for the first time since 2014. The report from Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. (NYSE: GNW), says that the number of loans for owner-occupied homes dropped 2% from a year ago. “This quarter’s decline in first-time homebuyer sales reflects ...

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