Affordable Housing

Top 10 Least Affordable Markets in 2006, 3rd Quarter

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!While living in almost any of these addresses would be wonderful, you really need to be in the top 10 percent of earners to buy a new home in any of these locales.
The National Association of Home Builders has [...]

21Nov2006 | Tom Royce | 3 comments | Continued

Top 10 Most Affordable Communities in 3rd Quarter 2006

The National Association of Home Builders has come out with their 3rd Quarter analysis for Housing Opportunity in 2006. This index determines the amount of homes sold in the quarter that are built that the average homebuyer can afford.
The Top 10 Most Affordable Homes for 2006, 3rd Quarter

Bay City, MIÂ Â 90.0 percent of homes built that [...]

21Nov2006 | Tom Royce | 1 comment | Continued

Chicago Plays Politics With Developers

The past 5 years have seen housing prices soar in the city of Chicago as in many parts of the country. When that happens, governments are beseiged by housing rights activists trying to get governments to subsidize housing for the poor. These advocates look to to government to use its power to coerce developers to [...]

11Oct2006 | Tom Royce | 0 comments | Continued

Peter Cooper and Stuyvesant Town Now Worth 5 Billion To Met Life?

When we first got word that Peter Cooper and Stuyvesant Town were being considered for sale by Met Life, the asking price was 3 billion and Met Life was not sure that they could get that price. Peter Cooper and Stuy Town have a high percentage of rent controlled units so getting top dollar was [...]

30Aug2006 | Tom Royce | 2 comments | Continued

Fenway Park Neighborhood Set For Major Transformation

The Green Monster and Kenmore Square are the key names in the area outside of Fenway Park, traditionally a college and middle class neighborhood. It looks like the powers of gentrification and high rise buildings are moving in and going to transform the area into a showplace.

McQuillan said he and Samuels are close to assembling a [...]

9Feb2006 | Tom Royce | 0 comments | Continued

Louisiana Gets 6.2 Billion Housing Grant For Rebuilding From Hurricane

Not surprising, Louisiana is receiving the largest amount of a 11.5 billion dollar grant from Congress.

Louisiana will receive $6.2 billion in federal block grant assistance – the maximum it was eligible to receive – it was announced by HUD Secretary Alphonso Jackson Wednesday. Jackson, along with Gulf Coast rebuilding coordinator Donald Powell, announced the [...]

27Jan2006 | Tom Royce | 0 comments | Continued

Broward County Private Public Low Income Housing

As we have discussed before, one of the growth markets for builders in the coming years is the low end housing market. Broward County has embraced this with a new program that is designed to work with builders to develop properties for low income buyers.
This program puts new fresh homes in areas that are [...]

23Jan2006 | Tom Royce | 5 comments | Continued

Housing Concerns and Illegal Immigration

Illegal Immigration is a hot button topic all across the United States, but when it comes to real estate, the issue is being addressed head on in many communities. Very often, homes are rented and then shared by an amazing amount of people. Many communities are meeting this issue head on with zoning rules to [...]

17Jan2006 | Tom Royce | 1 comment | Continued

Massachusetts Housing Costs Increased By Government Regulation

Housing prices in Massachusetts may be inflated not solely due to demand. A large proportion of the increased may have been caused by the regulations imposed by state and local governments. A study by Harvard University economist Edward L. Glaeser shows the effect of this excessive regulation.

Since 1980, three regions in Eastern Massachusetts have experienced 200 percent price [...]

8Jan2006 | Tom Royce | 0 comments | Continued