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Housing affordability nears two-year low

Floor Covering News

As builders look to ramp up production, the work-at-home trend is contributing to a suburban shift , meaning that buyers have additional market power to shop for affordable markets.”. Other major metros at the bottom of the affordability chart were in California. At the very bottom of the affordability chart was Salinas, where 10.9%

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Housing affordability falls to lowest level since Great Recession

Floor Covering News

Taming housing costs will ultimately require building more homes, and it will be easier to increase production in more affordable smaller and mid-sized markets that are growing in population and attracting new businesses.”. Top five least affordable major housing markets—all located in California: Los Angeles-Long Beach-Glendale.