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California Housing Affordability Level Improves Slightly

California Housing Affordability Level Improves Slightly

by Phil Hall | May 12, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 17% of California homebuyers could afford to purchase a median-priced, existing single-family home during the first quarter of this year, according to data from the California Association of Realtors (CAR). This is up from 15% in the previous quarter and...
Report: South and Midwest Dominate in Homebuilding and Affordability

Report: South and Midwest Dominate in Homebuilding and Affordability

by Phil Hall | Apr 24, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The mix of housing affordability and new construction is seriously out of balance, according to a new data report from Realtor.com. Only 18 states – primarily in the Midwest and South – have median homes that are affordable to their median earner based on the 30% of...
Guest Opinion: Expanding Opportunities for the Construction of Starter Homes and Workforce Housing

Guest Opinion: Expanding Opportunities for the Construction of Starter Homes and Workforce Housing

by Phil Hall | Mar 5, 2025 | Current News & Events, Guest Opinion, Real Estate News, U.S. Housing Market, WRE News Exclusive

Today’s guest column is by Emily Hamilton, a senior research fellow at the Mercatus Center at George Mason University. This article is adapted and edited from testimony delivered this week before the Subcommittee on Housing and Insurance of the US House...
Only 15% of Q4 California Homebuyers Could Afford a Median-Priced Home

Only 15% of Q4 California Homebuyers Could Afford a Median-Priced Home

by Phil Hall | Feb 10, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 15% of California homebuyers could afford to purchase a median-priced, existing single-family home in the state during the fourth quarter of 2024, according to the latest data from the California Association of Realtors’ Housing Affordability Index. This is down...
Canadian Home Sales and Prices Forecast to Rebound in Next 2 Years

Canadian Home Sales and Prices Forecast to Rebound in Next 2 Years

by Phil Hall | Feb 5, 2025 | Current News & Events, International Real Estate News, Market Snapshot, Real Estate News, WRE News Exclusive

Canadian housing sales and prices are expected to improve over the next two years, according to the 2025 Housing Market Outlook published by the Canada Mortgage and Housing Corporation (CMHC). While acknowledging “foreign trade risks and immigration changes” could...
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