A new study, released by the Center for Housing Policy, compares housing costs in over 200 U.S. metropolitan areas with the wages earned by workers in 60 occupations — and finds that often, workers in key professions are unable to afford buying a house even after the recent drop in housing prices. Some in [...]
Unfortunately for the owners of either, they’re both losing value.
That’s the connection — echoed by SGA — in a Wall Street Journal piece this morning on today’s front page by Ana Campoy on gasoline consumption and miles driven trending downwards, and how it’s beginning to drastically affect Americans’ housing and transportation choices:
Meanwhile, people have begun [...]
Last week, we mentioned the release of a new tool from the Center for Neighborhood Technology that measures the true cost of housing affordability, by also considering the transportation costs of each area. (Note: the Washington Post had a good story about the index here.) A few other outlets have done their own local test [...]
It’s not just gas prices that make transportation expensive…
Yesterday, The Center for Neighborhood Technology, an SGA coalition member, along with the Brookings Institution, released a new web-based tool to measure housing affordability — by also measuring the transportation costs inherent in a home’s location. Traditionally, affordability is measured at 30% or less of a family’s [...]
