article thumbnail

Housing affordability remains steady

Floor Covering News

One trend that will help counterbalance growing housing affordability concerns is the suburban shift in home sales and construction to smaller markets. Los Angeles-Long Beach-Glendale, Calif., supplanted San Francisco-Redwood City-South San Francisco, Calif., Wheeling, W.Va.-Ohio and Mankato-North Mankato, Minn.

article thumbnail

Suburban Housing: Increased trend or permanent shift?

Floor Covering News

This has impacted rents, as historically expensive markets such as San Francisco, San Jose, Seattle and Boston have seen double-digit decreases in asking rents since their March peak. a bedroom community of Los Angeles), Norfolk and Richmond, Va., and Memphis, Tenn., have seen rents increase between 3.6%

Trends 69