How Many Households Are Priced Out by Rising Mortgage Rates?
Soaring interest rates are pricing a growing number of Americans out of the new-home market, and that share is expected to keep rising as the Fed sends borrowing costs even higher
Dakota Partners Provides Affordable Housing Through Homeless Prevention Response Fund Grant
The $1.27 million grant will be used to house formerly homeless residents at the Columbus Commons apartments in New Britain, Conn.
Rent Control Policies Gain Traction—Economists Say They’re a Bad Idea
Support for rent control policies is building amid an ever-growing affordability crisis, but economists worry that if implemented, they could deter new housing development
How Much of a Home's Sales Price Consists of Construction Costs?
Construction costs accounted for more than half of a home's total sales price in 2022
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Affordability
Will Rising Mortgage Rates Undermine a Market Recovery Ahead of the Spring Buying Season?
Dwindling supply and rising borrowing costs are backing prospective buyers into a corner just as the spring market heats up
New-Home Sales
These Resources Can Help First-Time Buyers Achieve Homeownership
For years, first-time buyers have been bogged down by soaring housing costs and fierce competition, but these programs could offer a more affordable starting point
Affordability
Asking Rents Post Smallest Increase in Nearly Two Years
The median asking rent is at its lowest level in a year as persistently high housing costs quell demand, but experts say rents could soon bottom out
Leadership
Housing Affordability: Why This Downturn Is Different
The current shortage of affordable homes is due to more than just undersupply in the market
Affordability
Will Home Prices Bottom Out in 2023?
Soaring mortgage rates are forcing sellers to lower their asking prices in order to attract budget-conscious buyers, and with more rate hikes on the horizon, home prices are falling quickly
Market Data + Trends
America’s Rental Housing Report—One Year Later
One year ago, Harvard's Joint Center for Housing Studies released its 2022 Rental Housing Report at a tumultuous time for the rental market. At the start of 2023, many of the same challenges persist
New-Home Sales
Homebuyers Persevere Despite Rising Mortgage Rates, Home Prices
Interest rates are on the rise, but prospective buyers are still forging ahead with home purchases at the start of the spring market
Market Data + Trends
Housing Sentiment Tumbles Amid Affordability Constraints
Homebuyers and sellers share a similar outlook on the housing market as elevated borrowing costs and house prices prolong a worsening affordability crisis
Affordability
As Mortgage Rates Rise, the Share of Million-Dollar Homes Is Falling
Million-dollar homes account for a smaller share of the real estate market than they did one year ago as elevated mortgage rates force sellers to slash their asking prices
Housing Markets
Here Are the Markets Where Prices Are Expected to Rise—and Fall—in 2023
The U.S. housing market is cooling after a period of hasty homebuying during the COVID-19 pandemic, but some real estate destinations are poised to see strong growth in the year ahead
