Buyers need $7,200 more than in 2022 to afford ‘starter’ homes

The annual paycheck for a first-time homebuyer is roughly $64,500 to afford the typical U.S. “starter” home in 2023 — up 13 percent from a year ago, according to a report from Redfin. Continue reading

5 myths (you may believe) about affordable housing

Think you know the facts about affordable housing? Think again. Missy Yost debunks five common misconceptions around affordable housing and shares ideas to help you get involved in your local community. Continue reading

Affordable where? Fed efforts to cool the market still don’t create affordable housing

Although the Fed’s move to calm the market is a step in the right direction, it may not ultimately have much effect on affordability. Anthony West outlines the factors that are contributing to ongoing home value increases. Continue reading

Whopping 3.9 million more homes needed to meet buyer demand

From 2012 to 2019, builders constructed 5.9 million homes — far fewer than what’s needed for the 9.8 million households created during the same time period. Continue reading

Competition for starter homes will only heat up. Here’s why

Market trends and emerging businesses and tools are hampering the dream of buying a home for the 19 million millennials who want to and have the income to do so but are still renting. Continue reading

Why the money pouring into real estate tech is ‘stupid’

In a wide-ranging interview, Patrick Stone, founder of the Williston Financial Group, shares his thoughts on real estate technology and his previous life as an oyster diver. Continue reading