Home-ownership expenses now require one-third of average wages nationwide, a 16-year high; historical affordability also stands at worst point since the subprime mortgage crisis in 2007.
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Commentary: Zoning Is Key to Improving Affordability
Many parties work in concert in the lead-up to building and selling a home; zoning is one area that can be reformed to make affordable housing a feasible goal.
Read More »Home Prices to Further Widen Wealth Gap
“Housing affordability is at the lowest level in history, which will widen the wealth gap—especially between millennials,” said Redfin Deputy Chief Economist Taylor Marr.
Read More »FHFA Director Addresses Underserved Markets
Through its Duty to Serve program, the FHFA is seeking equitable housing options for underserved markets as a solution to closing the affordability gap.
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