The Real Deal Miami

Posts Tagged ‘center for housing policy’

  • Maya Brennan

    South Florida tops metro areas in the U.S. where working families are under the most strain from housing costs, according to a Center for Housing Policy report.

    In 2011, 41.2 percent of working households in the tri-county region, including renters and owners, spent more than half their incomes on housing costs, the report said.

    Despite falling mortgage interest rates and home prices far below peak levels, a robust rental market and anemic salary growth are keeping housing costs in proportion to income high in South Florida. [more]

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  • A greater proportion of home loans in South Florida are distressed than in any other region in the United States, according to data from Foreclosure-Response.org, the Sun Sentinel reported. The Web site is a joint initiative between Local Initiatives Support, Urban Institute and the Center for Housing Policy. It is the seventh quarter in a row in which South Florida has led the country in the rate of home loan delinquency. [Sun Sentinel]

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  • New York was the nation’s second most expensive metropolitan area for homeownership in the third quarter, with a median sales price of $450,000, according to survey data compiled by the Center for Housing Policy, released today, Crain’s reported. The city comes second only to San Francisco, for which the median sale price was $585,000.

    “New York City has been steadily on the expensive side in terms of homeownership for years,” said Laura Williams, research associate at the Center for Housing Policy. “There are many people who are really essential community members, folks you want living in the community where they work, who can’t but should be able to afford housing.” [more]

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  • Miami-Dade County property values now put it on par with Chicago; Salt
    Lake City; Tacoma, Wash.; and Provo, Utah as the 40th most expensive
    market in the country, down from the No. 34 spot in 2007. That’s still
    too much for many area residents because local incomes are still
    proportionally so low that houses remain out of reach. A study by the
    Center for Housing Policy, a Washington-based research group, said
    working families still have trouble affording homes in the area.

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