#housing-supply

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real-estate-market
www.housingwire.com
2 days ago
Business

Home prices grew in 93% of markets in Q1 2024: NAR

Home prices increased in most U.S. metro areas in Q1 2024, with 93% showing gains and 30% experiencing double-digit increases.
The rising prices are attributed to the insufficient housing supply, not meeting the full demand, despite the highest mortgage rates in two decades. [ more ]
SFGATE
1 month ago
SF real estate

Home Sellers Don't Hold All the Cards This Spring: 15% of Them Have Slashed Prices

Housing supply is increasing with a 23.5% rise in homes for sale compared to last year.
15% of homes in March had slashed their prices, indicating increased seller flexibility. [ more ]
www.cbc.ca
3 months ago
Canada news

ANALYSIS | Bank of Canada governor says interest rate relief won't deliver new housing supply | CBC News

Lowering interest rates will not fix Canada's housing affordability problem, according to Bank of Canada governor Tiff Macklem.
The real issue is the shortage of housing supply, caused by factors such as zoning restrictions and delays in the approval process. [ more ]
morereal-estate-market
housing-affordability
Thesanjoseblog
1 month ago
San Francisco

How much income you need to comfortably afford a San Jose home

San Jose average mortgage requires $454,296 income, San Francisco requires $339,864 income.
Expected future decrease in required income for mortgages due to interest rates. [ more ]
www.cbc.ca
3 months ago
Canada news

High interest rates aren't to blame for housing crisis, Bank of Canada governor says | CBC News

The Bank of Canada governor says interest rates cannot solve the housing crisis due to a supply shortage.
Increasing housing supply is necessary to improve affordability, while policies that increase demand will worsen the situation. [ more ]
morehousing-affordability
New York Post
3 weeks ago
NYC politics

Hochul to announce preliminary agreement on $237B NY state budget

The New York state budget agreement includes a focus on increasing housing supply and controls on school and Medicaid funding. [ more ]
New York Post
3 months ago
NYC real estate

A record number of office buildings will be converted into apartments in 2024 - here's how many

Developers are repurposing aging office buildings into residential units in response to the remote and hybrid work revolution.
The Washington, DC and New York metro areas are leading the way in converting offices into apartments. [ more ]
www.cbc.ca
3 months ago
Canada news

ANALYSIS | There are no simple answers to the immigration and housing question | CBC News

Canada has a housing problem, not an immigration problem.
The issue of immigration and housing is complex and does not have a straightforward solution. [ more ]
www.cbc.ca
5 months ago
Canada news

Surge in newcomers putting pressure on inflation via housing demand: BoC official | CBC News

The surge in newcomers in Canada is contributing to inflation through increased housing demand.
The lack of housing supply is causing rental and home prices to rise. [ more ]
therealdeal.com
5 months ago
California

Apartment Rents Projected to Rise Up to 4% Across SoCal

Apartment rents in Southern California are projected to rise between 2 and 4 percent through 2025.
Rents in Orange County, the Southland's strongest rental market, are expected to have slightly above-average increases, reaching a record $2,800 per month by late 2025. [ more ]
Austin Monitor
5 months ago
Austin

Demography map shows 90,000 new housing units wasn't enough for Austin's growth - Austin Monitor

Austin's housing supply has changed dramatically over the past decade, with surrounding communities outpacing the city's rate of housing growth.
The vacancy rate for ownership and rental units in Austin decreased from 8.3% to 7.6%, indicating high demand and low supply.
Affordable housing nonprofit groups emphasize the need for resources to provide affordable housing for lower- and middle-income households. [ more ]
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