Rising rental rates and stagnant salaries widen affordability gap

Multifamily construction pushes housing starts  · Soaring production of multifamily apartments pushed nationwide housing starts above the million-unit mark in April, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Total housing production rose 13.2% for the month to a seasonally adjusted annual rate of 1.07 million units, due entirely to a 39.6% increase on.

Super-tight apartment market torments renters, redefines parts of city – The combination of rising rents and falling median incomes has created a yawning affordability gap. The median renter household. the most recent U.S. Census data lists the rental vacancy rate at.

Nouvelles UBS – With some tenants more likely than others to experience price pressure, UBS Research Switzerland expects to see a widening of the performance gap between central. well-managed properties could rise.

Rabobank: Affordability gap continues to widen between owner. – Lennartz expects a price rise of 7% in 2018. ‘As already said, there is a wide gulf between the affordability of owner-occupied homes and rented homes, especially those in the private rental sector.

Optimal Mortgage Finastra Blue Calyx Tech Rundown: Software. – Contents Stagnant salaries widen affordability gap posted: march 21 Housingwire. mortgage tech rundown Fargo ceo search Mortgage Tech Rundown looks at the latest news in mortgage technology, Calyx Software announced a partnership with LoanScorecard, NPR Offers Remedial MBS Analysis for Regulators Rising rental rates and stagnant salaries widen affordability gap Affordable Housing Facts and.

The housing affordability gap: Too little and for too much. – The housing affordability gap: Too little and for too much. "Even when interest rates are low, if prices rise too fast, buyers will be kept out of the market.". according to NAR, but wages.

Ending Lagos’ Housing Problems – Credible statistics attests to the widening gap between. interest rate per annum. Given these requirements, they said, most low and medium income earners, especially public servants, could not.

Households likely to deleverage debt with underwater mortgage defaults: Report Housing starts fall 5.8%, disappointing analyst estimates The Real Estate Market U.S. housing starts fall, Some analysts speculated that a mild winter in the united states led home builders to start new projects ahead of schedule, and that March’s.Drowning in Debt: Housing and Households with Underwater Mortgages1 George R. Carter III, Alfred O. Gottschalck. those who have gone through foreclosure are likely to be renters at time 2. Using two waves of. individuals and households whose mortgages are underwater..Bank of America now offering $0 origination fee on certain mortgages Company Bank Of America News, Employees and Funding. – Bank of America is one of the world’s largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves.

Monday Morning Cup of Coffee: Real estate crowdfunding and FHA update – that it’s nearly impossible to find decent rentals. Apartment vacancy rates have been near zero this year in Portland, the result of years of a stagnant supply of rental housing and a rising demand.

Tenants are discovering the 'affordability gap' – Portland. – Tenants are discovering the ‘affordability gap’ The cost of apartment rentals continues to rise, but incomes for tenants are not keeping pace.. from rising mortgage rates to stagnant pay.

Even Experienced Teachers Can’t Afford to Live Where They. –  · Low salaries and high attrition rates are resulting in a shortage of teachers nationwide. To better understand the challenges facing our educators, we analyzed data on teacher salaries and median rents in 50 U.S. cities. In almost a third of cities (primarily located on the coasts), teachers spend more than 30% of their income on rent.

More buyers means happier builders Florida single-family home prices up 14% over last year Households likely to deleverage debt with underwater mortgage defaults: report In the wake of the Great Recession, US monetary policy focused in large measure on purchases of mortgage-backed securities, with the goal of lowering mortgage rates. The resulting reductions in debt service payments were supposed to reduce defaults, increase consumer spending, and stimulate housing markets.Home prices continue to climb at double-digit levels in Southwest Florida, outrunning state and national gains. In November, single-family home prices jumped by 12.8 percent over the year in the. · "Builders and developers for the 55+ housing sector are feeling optimistic as they are seeing more consumers return to the marketplace," said.

Rising Incomes Outpace Increasing Housing Costs | MagnifyMoney –  · In the city of Bridgeport, slower-rising housing costs are also contributing to a widening gap between housing costs and incomes. Here, annual housing costs are just $432 higher than they were three years ago – the smallest increase in housing costs among the top 10 cities.

Servicers urged to act quickly in mortgage settlement write-downs Lawmakers Seek to Give Lenders More Time for New Mortgage Disclosures – WASHINGTON Two House Financial Services Committee members introduced. It is directed at the CFPB’s rule combining the mortgage disclosures of the Real Estate settlement procedures act and the Truth.