Housing in the San Francisco Bay Area is persistantly and pervasively unaffordable despite the recent economic and housing market downturn. If current trends are any indication, housing production between 2009 and 2025 will leave unmet demand for at least 6,000 for-sale housing units appropriate for workforce households.
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The housing markets in the United States are at an inflection point. As the economy recovers from its current turmoil, markets will stabilize, but the old “normal” will not return. Once-nascent trends will emerge as major drivers, creating new markets in new places. Those who fail to understand these new trends will miss opportunities or find themselves building what is no longer in demand.
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This report analyzes the combined costs of housing and transportation for neighborhoods, cities, and towns throughout a Boston regional study area that extends south to Providence, Rhode Island; west to Worcester, Massachusetts; and northeast to Dover, New Hampshire….Continue Reading
This report provides a comprehensive examination of the “cost of place” in the Washington, DC, region, presenting a jurisdiction-by-jurisdiction look at the combined housing and transportation cost burdens for households in the metropolitan area. …Continue Reading
This report examines the availability of for-sale and rental housing near six major employment hubs in the Boston area, specifically in terms of housing that is affordable to workforce households, or those with incomes ranging from 60 percent to 100 percent of the area median income (AMI). Approximately 23 percent – or more than 600,000 households fall in this income range. The analysis was based on proximity of workforce housing within a 30- to 45-minute in-traffic commute of the employment centers of downtown Boston, Route 128 North, Route 128 West, Framingham, Route 128 South, and Route 3 North….Continue Reading
These demographic changes will put tremendous pressure on the demand for affordable rental housing, particularly in high-cost metropolitan markets. Moreover, for many households, renting may in fact be the only option as tighter mortgage underwriting standards preclude homeownership or delay the decision to purchase. …Continue Reading
Bay Area Burden provides a comprehensive analysis of the “cost of place” in nine counties located throughout the San Francisco region by examining the costs and impacts of housing and transportation on Bay Area residents, their neighborhoods, and the environment….Continue Reading