Housing

The latest American Community Survey data (2022) indicates that higher density condo living is strongly correlated with lower rates of home ownership than among detached or attached houses. The table below provides US data as well as data for the 56 major metropolitan areas by residential building density.

National Home Ownership by Type of Residential Building: Overall, 65.2% of US households owned their own homes  read more »

For middle- and working-class people across the developed world, home ownership has served as a primary driver of upward mobility. But in a growing number of places, this aspiration is being systematically undermined  read more »

In recent years, housing has emerged as arguably the key driver of class divisions in the Western world. For decades, working- and middle-class people could dream reasonably about buying a house  read more »

Demographia International Housing Affordability assesses housing affordability in 94 major markets across eight nations (Australia, Canada, China, Ireland, New Zealand, Singapore, United Kingdom and the, United States).  read more »

My extended family spans from third to seventh generation Mexican immigrants. Most of us expect to work hard, provide for our families, and hope our children do better than we did.  read more »

Back in 2018, I attended and participated in an event called “Tools Toward Market Restoration”, hosted by the Federal Reserve Bank of Chicago.  read more »

In recent years, driven by the rising cost of living and the remote work revolution, Americans have been moving to more affordable housing markets. This is evident in an analysis of American Community Survey data gathered over five years (2018 to 2022).

Housing Affordability and Net Domestic Migration: The Nexus  read more »

If you haven't read Part 1 yet, you can find it here.

Yonah Freemark, a senior research associate with the Urban Institute in Washington, DC, is someone I had the occasion of meeting a couple times in my career. A little more than ten years ago he worked for Chicago’s Metropolitan Planning Council, an independent nonprofit organization created in 1934. MPC’s mission then, and since, has been to challenge inequity and create stronger Chicago neighborhoods and communities.  read more »

Let’s talk about the nation’s housing affordability crisis.

I recently downloaded some 2023 third quarter data from the National Association of Realtors.  read more »

Americans, with little help from government, are reinventing themselves and boosting their prospects by settling in less expensive, less regulated regions where rents and house prices are more affordable.  read more »