The proposal for affordable housing in the United States has been a focal point of Vice President Kamala Harris’s economic policies. Harris aims to make owning and renting a home more affordable in the country. She has emphasized the importance of increasing the supply of housing units to address the affordability challenges faced by renters
Renting
The construction boom in the U.S. has had a significant impact on the rental market, resulting in lower rents and other benefits for renters. The record levels of construction activity following the pandemic have led to an increase in the supply of empty units, making more inventory available for potential renters. In fact, more multifamily
Do you find yourself wondering if you are ready to make the leap from renting to buying a home? According to recent analysis by Zillow, a significant number of renter households may have been able to purchase a home in the previous year. However, many individuals are unaware of their actual financial standing and may
The trend of constructing more built-for-rent single-family homes in the U.S. is gaining momentum, with a 20% increase in construction during the first quarter of 2024 compared to the same period in 2023. This surge is attributed, in part, to the housing affordability crisis, which is forcing many individuals to opt for renting instead of
The debate surrounding the influence of private equity in the housing market has been a topic of discussion among consumers concerned about high housing prices. Claims that real estate investor activity deters people from homeownership have been circulating, but experts suggest that the issue is far more complex. According to data from Redfin, real estate
Renting a place in a major city can be a significant financial decision, particularly considering the high cost of living in these areas. Financial experts often recommend spending no more than around 30% of your pre-tax income on rent to ensure financial stability. Data collected in April from government websites and real estate marketplaces was
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