{"id":2219,"date":"2020-01-26T14:42:25","date_gmt":"2020-01-26T14:42:25","guid":{"rendered":"https:\/\/movity.com\/?p=2219"},"modified":"2020-03-13T10:09:30","modified_gmt":"2020-03-13T10:09:30","slug":"housing-statistics","status":"publish","type":"post","link":"https:\/\/movity.com\/blog\/housing-statistics\/","title":{"rendered":"31 Powerful Housing Statistics That Will Make You Think"},"content":{"rendered":"<p>[vc_row][vc_column][vc_column_text]<span style=\"font-weight: 400;\">If you\u2019re anything like me, the thought of reading through a whole page of statistics <\/span><i><span style=\"font-weight: 400;\">on anything<\/span><\/i><span style=\"font-weight: 400;\"> makes your eyes glaze over!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And when the subject is something as potentially boring as <\/span><i><span style=\"font-weight: 400;\">housing statistics<\/span><\/i><span style=\"font-weight: 400;\"> \u2013 that would be a double-glaze!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What would people want to know, I wondered?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How many houses are there in the world?<\/span> <span style=\"font-weight: 400;\">How many houses were sold in 2018 or 2019<\/span><span style=\"font-weight: 400;\">? Who is buying and who is selling? Is the value of my house improving?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">I know \u2013 boring!!!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Then I got to thinking about it: If the value of all the houses in the USA is more than $30 trillion, that\u2019s way more than the GDP of the US! That\u2019s a lot of money. No wonder people might be interested.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, I started looking at <\/span><a href=\"https:\/\/movity.com\/blog\/real-estate-statistics\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">real estate statistics<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><span style=\"font-weight: 400;\">housing market data<\/span><span style=\"font-weight: 400;\">, trying to figure out those complicated tables in <\/span><span style=\"font-weight: 400;\">housing indexes<\/span><span style=\"font-weight: 400;\"> and deciphering the difference between median and average prices and real and nominal values.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Yeah \u2013 I\u2019m trying to impress you. But seriously, I found that this was a lot more fascinating than I\u2019d ever imagined. And of course, it affects all of us in some way if we\u2019re living somewhere with a roof over our heads.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So (I can\u2019t believe it!) I\u2019ve written a page on <\/span><span style=\"font-weight: 400;\">housing statistics<\/span><span style=\"font-weight: 400;\">!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">I hope you enjoy it and read it through to the end (and then let me know if you can\u2019t believe that either!)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Oh, by the way, that statistic about the $30 trillion was a freebie \u2013 so there really are 32 statistics for you to think about!<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Incredible Housing Stats (Editor\u2019s Choice)&#8221; font_container=&#8221;tag:h2|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">In real terms, the average price for new homes in 2018 is the same as in 2005<\/span><\/li>\n<li><span style=\"font-weight: 400;\">There is no state where a minimum wage worker working 40 hours a week can afford an average 2-bedroom apartment<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Housing statistics by zip code<\/span><span style=\"font-weight: 400;\"> give a clue to housing affordability<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Median rent prices range from $721 in South Dakota to $1,847 in California<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The median net worth of homeowners is 90 times that of renters<\/span><\/li>\n<li><span style=\"font-weight: 400;\">In 2018, renters in the US spent more on housing than the GDP of 145 countries<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Buyers may need up to 96% of their incomes to service their mortgages<\/span><\/li>\n<li><span style=\"font-weight: 400;\">African American housing statistics<\/span><span style=\"font-weight: 400;\"> show that Black ownership rates are no better than they were 30 years ago<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Housing Price Statistics&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<span style=\"font-weight: 400;\">The price of housing is important, not just for affordability, but also from the point of view of an owner\u2019s net worth. But <\/span><span style=\"font-weight: 400;\">housing market statistics<\/span><span style=\"font-weight: 400;\"> should be read with a bit of caution, so you will see that I have done a bit of analysis here and there to highlight where all may not be as it seems at first glance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s start by building on the freebie statistic:\u00a0\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">1. One year\u2019s growth in the value of the USA housing market is equal to the GDP of Canada.\u00a0<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Zillow; <\/span><\/i><i><span style=\"font-weight: 400;\">Housingwire.com)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">By the end of 2017, the total value of all US housing was $31.8 trillion \u2013 1.5 times the GDP of the US and nearly 3 times that of China.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It grew by nearly $2 trillion in 2018, taking the value to $33.3 trillion. The growth alone matches the GDP of Canada.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The value of houses in large US cities might surprise you:\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">2. In 2017, the value of homes in Los Angeles was equal to the GDP of the UK, and in New York more than\u00a0 the GDP of France\u00a0<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Zillow)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">In 2017, the value of homes in Los Angeles was $2.7 trillion. This matched the GDP of the UK. Similarly, in New York, the house value was $2.6 trillion \u2013 close to the GDP of France.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(Some GDP numbers I\u2019ve seen don\u2019t exactly match this stat \u2013 but you get the point.)<\/span><\/p>\n<p>Ok. Now let\u2019s start looking at the numbers on a more granular level.<\/p>\n<h4><span style=\"font-weight: 400;\">3.<\/span> <span style=\"font-weight: 400;\">On a national level, the average price of a new home has grown from $21 thousand in 1965 to $385 thousand in 2018.<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Statista)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">A change from $21 thousand in 1965 to $385 thousand in 2018 looks like an astounding growth of over 17000%!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, this is the so-called \u201cnominal\u201d price and does not take into account the value of the dollar in 2018 or the inflation rate. When these are factored in, we find that $21 thousand in 1965 is the equivalent of just under $166 thousand in 2018. This means that the \u201creal\u201d price of a new house in the US has increased from $166 thousand to $385 thousand \u2013 an increase of 132%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember that I said we should be careful of real vs. nominal prices?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s another difference in statistics you should be on the look-out for:<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">4.<\/span> <span style=\"font-weight: 400;\">Real estate prices<\/span><span style=\"font-weight: 400;\"> in September 2019 show new homes averaged $362,700. The median price was $299,400.<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">US Census<\/span><\/i><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We know how to work out the average. Add up the prices and divide by the number of houses sold. So, for September, the average (also sometimes called the mean) price of a new home was $362,700.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The median is calculated by listing all the sale prices from highest to lowest and finding the sales price in the center. For September 2019, this means that there were the same number of sales above the center-point of R299,400 as there were below it.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The median is often used for <\/span><span style=\"font-weight: 400;\">housing statistics<\/span><span style=\"font-weight: 400;\"> because it is more stable and is not easily affected by outlier prices.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s another tricky statistic:<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">5. US Housing statistics show that US house prices have recovered from the 2008 crash and now exceed the highs of 2006.\u00a0<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Statista)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">The Case Shiller National Home Price Index gives a value of 100 to house prices in 2000. In 2006 the index value was 183 \u2013 that is, prices had increased by 83% since 2000. The values then dropped to reach a low of 135 in 2011. By 2016 the index value was back up to 184 and in 2018 had increased to 205.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By now, you&#8217;ll know that I&#8217;m going to throw in a question here: What happens when we look at real prices rather than nominal prices?\u00a0\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">6. In real terms, the average price for new homes in 2018 is the same as in 2005<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Statista, <\/span><\/i><i><span style=\"font-weight: 400;\">Calculator.net)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">The Statista data we used earlier showed that, in nominal terms, the average price for new houses was $297 thousand in 2005 and $385 thousand in 2018.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In real terms, the equivalent of $297 thousand in 2005 is $385 thousand in 2018. (I was surprised when it worked out like this!) This means that the real average price in 2018 is the same as it was in 2005.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So there\u2019s no doubt that house prices have recovered since the crash, but perhaps we are not \u201cexceeding\u201d them by as much as we might have thought.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What\u2019s more, there is a bit of a caution provided by a different <\/span><span style=\"font-weight: 400;\">housing index<\/span><span style=\"font-weight: 400;\">:<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">7. <\/span><span style=\"font-weight: 400;\">US housing trends<\/span><span style=\"font-weight: 400;\"> show that Q2 2019 house prices increased by 5% over the previous year, but the pace is slowing.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(FHFA)<\/span><\/i><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Trends in repeat sales show that:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The increase of 5% in the second quarter of 2019 was a continuation of an eight-year run of increased prices<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">But<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The pace of increase in home prices had decelerated for five consecutive quarters<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The pace of home sales had slowed over the past two years.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This slowing pace was attributed to constraints in affordability as well as limited availability of inventory.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, let\u2019s look at <\/span><span style=\"font-weight: 400;\">what qualifies as affordable housing.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">8. <\/span><span style=\"font-weight: 400;\">Housing price statistics by state<\/span><span style=\"font-weight: 400;\"> show that there is <\/span><span style=\"font-weight: 400;\">no state<\/span><span style=\"font-weight: 400;\"> where a minimum wage worker working 40 hours a week can afford an average 2-bedroom apartment.<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Statista)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Households need an hourly wage of $34.69 to afford a two-bedroom apartment in California.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s even more in Hawaii: $36.82. Massachusetts, District of Columbia and New York are right behind \u2013 all needing a minimum wage above $30. The lowest required in Puerto Rica at $9.59, followed by Arkansas at $14,26.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The recent vote in Congress to more than double the current minimum wage of $7.25 to $15 by 2025 would still not be enough. If that rate were in place today, only workers in Alabama, Kentucky, Mississippi, West Virginia, Arkansas and Puerto Rica would be able to afford an apartment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Those are scary statistics!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, <\/span><span style=\"font-weight: 400;\">what percentage of housing is affordable<\/span><span style=\"font-weight: 400;\">?\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">9. <\/span><span style=\"font-weight: 400;\">Housing statistics by zip code<\/span><span style=\"font-weight: 400;\"> show the regions where you will find <\/span><span style=\"font-weight: 400;\">affordable housing<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Trulia)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">The Trulia research looked at how affordable certain areas are for typical local buyers, earning that area\u2019s median income. Here are some of the results:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In the metros of San Francisco, San Jose, Los Angeles, San Diego, Portland, Ore., Miami and Tampa: they have the highest number of zip codes where no homes (zero) can be considered reasonably affordable. In San Francisco, more than 25% of zip codes fell into this category.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Metros of Pittsburgh, Columbus. Ohio and St Louis: highest number of zip codes where \u201call homes (100%) are affordable\u201d. In Pittsburgh, all homes were affordable in 22.4% of zip codes.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Zip codes further than 30 miles from the city center and zip codes where houses were older than 20 years also tended to be the most affordable.<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_column_text]<span style=\"font-weight: 400;\">The good news here is that there are places in the USA, even in metros, that <\/span><span style=\"font-weight: 400;\">qualify as affordable housing.<\/span>[\/vc_column_text][vc_single_image image=&#8221;2223&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Housing Types&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<span style=\"font-weight: 400;\">There are many <\/span><span style=\"font-weight: 400;\">types of houses in the USA<\/span><span style=\"font-weight: 400;\">, depending on the definitions you are using. Let\u2019s look at some of them:\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">10. Over 60% of all housing units in the US are detached single-family homes and they also account for 82% of all sales.\u00a0<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Statista; <\/span><\/i><i><span style=\"font-weight: 400;\">Infoplease.com &#8211; based on US Census data)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">How many residential homes are there in the US?<\/span><span style=\"font-weight: 400;\"> In 2018 there were 138.45 million.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But the favorite for Americans is the detached single-family home. <\/span><span style=\"font-weight: 400;\">The number of single-family homes in the US<\/span><span style=\"font-weight: 400;\"> is close to 70 million. They make up more than 60% of the total housing units. In 2018, they also made up 82% of all sales.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">11. The increase in the inventory of starter and trade-up homes in Q1 of 2019 might be bad news.<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Trulia)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Generally, <\/span><span style=\"font-weight: 400;\">US housing data<\/span><span style=\"font-weight: 400;\"> reflects types of housing units as starter, trade-up and premium.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There has been an increase in the inventory of starter and trade-up homes in Q1 of 2019. There is also an increase in the number of premium homes available on the West Coast \u2013 and especially in San Jose, California. Rather than this being an indicator of a growth in the number of homes for sale, it seems to be an indicator of lower demand. There are fewer buyers where house prices have escalated, and the homes are sitting on the market for longer, inflating the inventory counts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There\u2019s another type of house that is often overlooked, but which has potential <\/span><span style=\"font-weight: 400;\">housing economic<\/span><span style=\"font-weight: 400;\"> value:<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">12. <\/span><span style=\"font-weight: 400;\">Student or college housing statistics<\/span><span style=\"font-weight: 400;\"> show 2.66 million beds for students in 2018<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Statista)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Purpose-built student accommodation (PBSA) units provided 2.66 million beds for students in 2018. This number is expected to increase to 2.84 million by 2021.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These units may be on or off-campus and are studios or large apartments with facilities for students to share. Most students (63%) rent a private room rather than a full studio.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">13. <\/span><span style=\"font-weight: 400;\">$10.2 billion was invested in student accommodation in the US in 2018<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Knightfrank.com)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Student housing<\/span><span style=\"font-weight: 400;\"> in the US and around the globe is becoming a key investment opportunity as numbers of universities and students increase, particularly in Asia. Global mobility of students is also driving investment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If all the talk of starter homes and <\/span><span style=\"font-weight: 400;\">housing trends<\/span><span style=\"font-weight: 400;\"> is making your eyes cross, perhaps you\u2019d like to know something simple, like which style of house is most popular in the US:<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">14. <\/span><span style=\"font-weight: 400;\">Ranch style homes are the most popular style in 34 states in the US<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Trulia)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">You&#8217;ll recognize an American ranch house. It is a single-story, has open floor plans mostly in L- or U-shape and usually has a garage attached.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The ranch-style was most popular in 34 states, followed by the so-called modern style in 15 states.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The reason for popularity may have been affordability. For example, in Atlanta, Georgia or Portland, Oregon, the median prices for ranch style houses were between half and three-quarters of overall median prices. However, in a city like Milwaukee, Wisconsin, the median price for ranch houses was $140 per square foot, much higher than the overall median of $91.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So maybe Americans like their traditional house style, regardless of cost!<\/span>[\/vc_column_text][vc_single_image image=&#8221;2224&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;The Rental Market&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<span style=\"font-weight: 400;\">We ask <\/span><span style=\"font-weight: 400;\">how many homes there are in the USA<\/span><span style=\"font-weight: 400;\">, how many are on the rental market and what people are paying for them.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">15. According to housing statistics for Q3 2019, the number of renters is 43 million.<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(US Census Bureau)<\/span><\/i><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In Q3 of 2019, there were 140 million housing units in the US. Nearly 80 million of them were occupied by their owners, 43 million were rented and 17 million were vacant.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">16. Median rent prices range from $721 in South Dakota to $1,847 in California.<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">US Census Bureau; <\/span><\/i><i><span style=\"font-weight: 400;\">Apartment List)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">The median rent price in the US in Q3 of 2019 is a little over $1,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, there are considerable variations in <\/span><span style=\"font-weight: 400;\">statistics by state<\/span><span style=\"font-weight: 400;\">, as can be seen in the range of median rentals for a 2-bedroom unit:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Below $800: <\/span><span style=\"font-weight: 400;\">Arkansas, Iowa, Kentucky, Montana, North Dakota, Oklahoma, South, Dakota, West Virginia.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Above $1,500: <\/span><span style=\"font-weight: 400;\">California, District of Columbia, Maryland, Massachusetts, New Jersey, New York<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The lowest is South Dakota ($721) and the highest California ($1847). (I\u2019m sure you\u2019re starting to see a pattern in the <\/span><span style=\"font-weight: 400;\">California housing statistics!)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But here\u2019s a statistic that might shock you:<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">17. <\/span><span style=\"font-weight: 400;\">The median net worth of homeowners is 90 times that of renters<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(US Census)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">According to 2016 statistics on wealth and assets, the median net worth of homeowners was $228,000 compared to just $2 523 for renters \u2013 90 times more!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interestingly, even if the equity of the home was excluded, the median net worth of homeowners was still 36 times that of renters. They tended to have more invested in retirement accounts, stocks and other properties. The only asset where renters had more assets than homeowners was in annuities and trusts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s end this section on rentals with another of those GDP comparisons:<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">18. <\/span><span style=\"font-weight: 400;\">In 2018, renters in the US spent more on housing than the GDP of 145 countries<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(HotPads; <\/span><\/i><i><span style=\"font-weight: 400;\">Wiki &#8211; based on IMF stats)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">The total amount spent on rent in 2018 was $504.4 billion, $12.6 more than in the previous year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A quick look at GDP figures around the world shows that in 2019 there were only 42 countries in the world whose GDP was higher than that! So renters spent more than the GDP of 145 countries!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">No wonder they are complaining about being cost-burdened!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(That\u2019s a real term, by the way \u2013 it means that you are spending more than 30% of your income on housing<\/span><span style=\"font-weight: 400;\">. Low-income housing statistics<\/span><span style=\"font-weight: 400;\"> show that this is most common among lowest-income earners, but it is becoming problematic even for those earning up to $75,000 pa.)<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Buyers\u2019 Statistics and Demographics&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<span style=\"font-weight: 400;\">The next lot of <\/span><span style=\"font-weight: 400;\">housing statistics<\/span><span style=\"font-weight: 400;\"> may sound boring \u2013 but they drive the housing markets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We can start by asking <\/span><span style=\"font-weight: 400;\">how many houses were sold in 2018<\/span><span style=\"font-weight: 400;\"> \u2013 or, put another way, <\/span><span style=\"font-weight: 400;\">how many houses were <\/span><span style=\"font-weight: 400;\">bought<\/span><span style=\"font-weight: 400;\"> in the year<\/span><span style=\"font-weight: 400;\">?<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">19. The number of houses sold in the USA in 2018 was 5.3 Million<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Harvard Joint Center for Housing Studies)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Of the 5.3 million existing homes sold in 2018, 4,7 million were single-family homes, and about 600,000 were condos and co-ops.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, who\u2019s doing the buying? It seems it\u2019s the Millennials.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">20. The demographic profile of buyers in the housing market for 2017 \u2013 the numbers<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Harvard Joint Center for Housing Studies)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Unsurprisingly, first-time buyers are mostly younger, although nearly half of all houses are owned by older people.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Age:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">46% of all households were headed by people older than 55<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">46% of all buyers were aged between 25 and 34 (those under the age of 25 contributed another 7%)<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Repeat vs. first-time buyers:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Repeat buyers accounted for 61,5% of all home purchases<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The median age of first-time buyers was 34<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">53% of first-time buyers were households headed by someone under the age of 35<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Marital status:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">First-time homeowners have traditionally been married.\u00a0 Now there is a shift to larger numbers of &#8220;never marrieds&#8221;. There seem to be more people prepared to buy properties on their own, or with unmarried partners.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Race\/ethnicity:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The race\/ethnicity breakdown of all buyers:<\/span><\/li>\n<\/ul>\n<p style=\"padding-left: 80px;\"><span style=\"font-weight: 400;\">o<\/span><span style=\"font-weight: 400;\"> \u00a0 <\/span><span style=\"font-weight: 400;\">66% White<\/span><\/p>\n<p style=\"padding-left: 80px;\"><span style=\"font-weight: 400;\">o<\/span><span style=\"font-weight: 400;\"> \u00a0 <\/span><span style=\"font-weight: 400;\">13% Black<\/span><\/p>\n<p style=\"padding-left: 80px;\"><span style=\"font-weight: 400;\">o<\/span><span style=\"font-weight: 400;\"> \u00a0 <\/span><span style=\"font-weight: 400;\">14% Hispanic<\/span><\/p>\n<p style=\"padding-left: 80px;\"><span style=\"font-weight: 400;\">o<\/span><span style=\"font-weight: 400;\"> \u00a0 <\/span><span style=\"font-weight: 400;\">7% Asian\/Other<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are some other demographics to be considered: LGBT and race. The question is whether there <\/span><span style=\"font-weight: 400;\">is housing discrimination<\/span><span style=\"font-weight: 400;\"> in the housing market against these groups.(We\u2019ll discuss this later)<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">21. Move over Gen X, the Millennials are taking over the housing market<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Realtor.com)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">In September 2019, 44% of loan originations were from millennials. The Gen X share was 39% and Baby Boomers dropped to 16%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Millennials are also buying more expensive houses \u2013 the median price paid in September was $250,000 \u2013 an increase of 6% from 2018. In fact, the comment is made in various reports is that Millennials are skipping the &#8220;starter home&#8221; stage as first-time buyers and moving immediately to what might previously have been regarded as a &#8220;trade-up&#8221; home.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Mortgage Payments&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<span style=\"font-weight: 400;\">This is where the reality of buying a house sets in. You are taking on a huge debt and are committing to monthly mortgage payments for up to 30 years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All in all, it\u2019s a big decision.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The mortgage rates seem to be on the increase and there are also differences in <\/span><a href=\"https:\/\/movity.com\/blog\/mortgage-statistics\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">mortgage statistics <\/span><\/a><span style=\"font-weight: 400;\">by state, so this needs careful consideration.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">22. Buyers in some states may need up to 96% of their incomes to service their mortgages.\u00a0<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Trulia)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">A rule of thumb is that your mortgage should be no more than 28% of your income. But in Q1 of 2019, the median price of starter homes had increased by 12.4% to just under $140,000. Monthly mortgage costs would take up 37.7% of a typical first-time buyer\u2019s income.\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the median price for a starter home has reached an astronomical $759,000 in San Jose, California. If the median income of a starter home buyer is taken as about $44,000, it means that 96,5% of this income would be needed to service the mortgage. Similar figures apply to other cities in California.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What\u2019s more, it\u2019s no better for renters:\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">23. Real estate prices in some states are the number one reason for people renting rather than buying<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Marketwatch)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">In 2017, 45% of renters said that the main reason for renting is that they cannot afford the payments on a median-priced home in their area. In areas such as the West Coast, the Northeast and Florida as few as 10% of renters said that they could afford the mortgage payments (let alone the <\/span><span style=\"font-weight: 400;\">property taxes<\/span><span style=\"font-weight: 400;\"> and everything else that goes with homeownership!).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But renters are locked in a vicious circle:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are paying high rentals you cannot also save enough for the down payment on a house. And the lower the down payment, the higher the mortgage will be!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Luckily, somehow, many Americans have found a way around all of this, as the following stats will show you.<\/span>[\/vc_column_text][vc_single_image image=&#8221;2225&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Homeownership Statistics&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<span style=\"font-weight: 400;\">How many Americans own a house?<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">24. In 2018, 64.4% of all Americans owned a home.<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Harvard)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">The homeownership numbers went down after 2008, but they are rebounding again and reached 64.4% in 2018.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Not all groups are equally represented, however.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">25. African American housing statistics show that current Black ownership rates are no better than they were 30 years ago<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Harvard)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">The racial distribution of homeownership in 2018 is as follows:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">White \u2013 an increase of 1.1 percentage points from 2016 to 73%<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Asian \u2013 an increase of 2.6 percentage points from 2016 to 57%<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Hispanic \u2013 an increase of 1.1 percentage points from 2016 to 47.1%<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Black \u2013 an increase of 0.7 percentage points from 2016 to 42,9%<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_column_text]<span style=\"font-weight: 400;\">The problem is the low increase for Black Americans. As a result, the gap between Blacks and Whites widened, while the gap closed for the other groups.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Black homeownership was also the most severely affected by the 2008 crash, coming as it did on top of a difficult history that can be seen in <\/span><span style=\"font-weight: 400;\">housing segregation statistics<\/span><span style=\"font-weight: 400;\"> and <\/span><span style=\"font-weight: 400;\">housing discrimination<\/span> <span style=\"font-weight: 400;\">statistics.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So their slow rebound now means that their current ownership rate is no better than it was nearly 30 years ago.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, there is another group to consider: the LGBT community.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">26. LGBT housing discrimination statistics show just 3 complaints per 100,000 LGBT adults, but homeownership is only 49%<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(UCLA \u2013 Williams Institute; <\/span><\/i><i><span style=\"font-weight: 400;\">Statista)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Twenty-two states and the District of Columbia have laws to prohibit housing discrimination on the base of sexual orientation and nineteen of them also include gender identity. There have been very few complaints filed by members of the LGBT community of violation of these laws (3 per 100,000 of the LGBT population). This is slightly less than the 5 per 100,000 for racial <\/span><span style=\"font-weight: 400;\">housing discrimination<\/span><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are somewhat higher numbers of complaints in some states such as Iowa and Massachusetts.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While all of this might sound OK, the bottom line is that the percentage of LGBT house buyers is lower than for other groups: only 49% of this community are homebuyers, compared to 64% of the general population.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">My goodness, this is starting to sound very gloomy!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But before we move on to happier things, we cannot ignore the issue of homelessness. <\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Homelessness Statistics&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<span style=\"font-weight: 400;\">Perhaps we should pause here. There are some unfortunate social implications of the <\/span><span style=\"font-weight: 400;\">housing statistics<\/span><span style=\"font-weight: 400;\">:<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">27.<\/span> <span style=\"font-weight: 400;\">Sky-high housing costs are a significant factor in <\/span><span style=\"font-weight: 400;\">California\u2019s housing crisis statistics<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(UCLA)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">While there are significant personal factors that lead to people becoming homeless, research is showing a strong correlation between higher median rent and house prices and homelessness.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is probably not surprising, then, that states with the highest home prices, like California, have homelessness statistics that are significantly higher than elsewhere.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">28. Homelessness statistics in California are up to 5 times the national average<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">US Dept of Housing and Urban Development(HUD)<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">(Sacramento County PIT Homeless Count<\/span><\/i><span style=\"font-weight: 400;\">)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to a HUD report, 17 out of every 10,000 people in the USA experienced homelessness on a single night in January 2018.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s the kicker:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These were the numbers for homelessness in various California counties in 2018:<\/span><\/p>\n<p style=\"padding-left: 40px;\"><span style=\"font-weight: 400;\">&#8211;<\/span><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">91 per 10,000 residents in San Francisco County<\/span><\/p>\n<p style=\"padding-left: 40px;\"><span style=\"font-weight: 400;\">&#8211;<\/span><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">58 in Los Angeles County\u00a0<\/span><\/p>\n<p style=\"padding-left: 40px;\"><span style=\"font-weight: 400;\">&#8211;<\/span><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">50 in Santa Clara.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In Sacramento, where the figure is 36 per 10,000 residents, a $100 million trust fund has been set up to deal with their part of <\/span><span style=\"font-weight: 400;\">California\u2019s housing crisis<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And here\u2019s a sobering thought:<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">29.<\/span> <span style=\"font-weight: 400;\">A 5% rise in rental prices in Los Angeles would lead to an additional 2,000 people on the streets\u00a0<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Zillow)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Research is showing a strong link between homelessness and rising rents in Los Angeles, Washington, DC and Seattle. The estimate was that a rise of 5% in rental prices in Los Angeles would lead to an additional 2,000 people on the streets.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Wow \u2013 those numbers don\u2019t make for happy reading!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One bit of good news: Despite these findings, US cities are not the most expensive in the world for residential property \u2013 so here are the last two <\/span><span style=\"font-weight: 400;\">housing statistic<\/span><span style=\"font-weight: 400;\">s:<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Most Expensive Housing Markets Worldwide&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<span style=\"font-weight: 400;\">Housing statistics by city<\/span><span style=\"font-weight: 400;\"> have shown how expensive housing is in major metros, especially in California, Massachusetts and DC. But New York takes the top spot.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">30. New York is the most expensive city in the US for residential property<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Statista)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">While New York may not be the most expensive in the world, certain parts of it are pretty pricey compared to other cities in the US. For example, $200,000 in 2018 would have bought only 126 square feet in Manhattan. You could have bought a 1,818 square foot home in Las Vegas for the same price.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The median price for a new two-bedroom unit in Manhattan was $2,68m. Even in Brooklyn, which is a working-class neighborhood,\u00a0 a 2 bedroomed unit was $1.61m. A studio apartment in Brooklyn in Q1 of 2018 was in the region of half a million dollars!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But there are places in the rest of the world that are even more expensive:\u00a0\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">31. Global housing statistics show that residential property in Hong Kong is $2,091 US per square foot.<\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">(Statista)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">In 2018 the average price of residential property in Hong Kong was $2,091 US per square foot. This makes it far and away from the most expensive market in the world.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Singapore is next at $1,063, Paris at $985 and London at $776. Surprisingly, the next three are all in China \u2013 Shenzhen, Shanghai and Beijing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">New York just scrapes into the top ten at number eight!<\/span>[\/vc_column_text][vc_single_image image=&#8221;2227&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;So, There You Have It&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<span style=\"font-weight: 400;\">Real estate housing statistics<\/span><span style=\"font-weight: 400;\"> are showing that the US housing market seems to have recovered from the 2008 crash. However, the costs are rising, putting pressure especially on lower-income groups, driving the rental market and, unfortunately, homelessness.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hopefully, this list did more than just throw <\/span><span style=\"font-weight: 400;\">housing statistics<\/span><span style=\"font-weight: 400;\"> at you! Perhaps you will go away with a better understanding of the US housing market, you will continue to follow it and you will know what to look for if you are part of it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019ve read all the way to the end \u2013 well done! And if you\u2019re surprised that you did, let us know.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Sources:&#8221; font_container=&#8221;tag:p|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.zillow.com\/research\/total-value-homes-31-8-trillion-17763\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Zillow<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.housingwire.com\/articles\/47847-us-housing-market-value-climbs-to-333-trillion-in-2018\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Housingwire.com<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/240991\/average-sales-prices-of-new-homes-sold-in-the-us\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.census.gov\/construction\/nrs\/pdf\/newressales.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">US Census<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/199360\/case-shiller-national-home-price-index-for-the-us-since-2000\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.calculator.net\/inflation-calculator.html?cstartingamount1=297000&amp;cinyear1=2005&amp;coutyear1=2018&amp;calctype=1&amp;x=72&amp;y=20\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Calculator.net<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.fhfa.gov\/DataTools\/Downloads\/Documents\/HPI\/Analysis\/HPI-Quarterly-Analysis-2019Q2.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">FHFA<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/203384\/us-two-bedroom-housing-wage-by-state\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.trulia.com\/research\/affordable-neighborhoods\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Trulia<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/504862\/types-of-homes-purchased-usa\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.trulia.com\/research\/inventory-and-price-watch-q1-2019\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Trulia<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/1013921\/student-housing-supply-usa-by-number-of-beds\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/content.knightfrank.com\/research\/1775\/documents\/en\/global-student-property-report-2019-may-2019-6426.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Knightfrank.com<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.trulia.com\/blog\/guide-to-most-popular-home-styles\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Trulia<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.census.gov\/housing\/hvs\/files\/currenthvspress.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">US Census Bureau<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.apartmentlist.com\/rentonomics\/national-rent-data\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Apartment List<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.census.gov\/data\/tables\/2016\/demo\/wealth\/wealth-asset-ownership.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">US Census<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/hotpads.com\/blog\/total-rent-2018\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">HotPads<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_GDP_(PPP)\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Wiki<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.jchs.harvard.edu\/sites\/default\/files\/Harvard_JCHS_State_of_the_Nations_Housing_2019.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Harvard<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.jchs.harvard.edu\/sites\/default\/files\/First%20Time%20Homebuyers%20Brief%20FINAL_alt.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Harvard<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.realtor.com\/research\/q3-2019-generational-propensity-report\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Realtor.com<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.trulia.com\/research\/inventory-and-price-watch-q1-2019\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Trulia<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.marketwatch.com\/story\/more-than-half-of-us-renters-cant-afford-a-mortgage-2017-06-16\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Marketwatch<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.jchs.harvard.edu\/blog\/rebounds-in-homeownership-have-not-reduced-the-gap-for-black-homeowners\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Harvard<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/topics\/5423\/lgbt-homeownership-in-the-us\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.anderson.ucla.edu\/documents\/areas\/ctr\/forecast\/reports\/uclaforecast_June2018_Yu.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">UCLA<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.novoco.com\/sites\/default\/files\/atoms\/files\/hud_ahar_2018_121718.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">US Dept of Housing and Urban Development<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/sacramentostepsforward.org\/2019pitcount\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Sacramento County PIT Homeless Count<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.zillow.com\/research\/rents-larger-homeless-population-16124\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Zillow<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/892269\/home-size-purchase-200000-usd-usa-cities\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/730312\/most-expensive-property-markets-worldwide-by-average-ppsf\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/934319\/room-type-student-housing-globally-by-region\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.jchs.harvard.edu\/sites\/default\/files\/Harvard_JCHS_Herbert_Hermann_McCue_measuring_housing_affordability.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Harvard<\/span><\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]If you\u2019re anything like me, the thought of reading through a whole page of statistics on anything makes your eyes glaze over! And when the subject is something as potentially boring as housing statistics \u2013 that would be a double-glaze! What would people want to know, I wondered? How many houses are there in the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[170],"tags":[],"_links":{"self":[{"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/posts\/2219"}],"collection":[{"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/comments?post=2219"}],"version-history":[{"count":5,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/posts\/2219\/revisions"}],"predecessor-version":[{"id":2475,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/posts\/2219\/revisions\/2475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/media\/2221"}],"wp:attachment":[{"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/media?parent=2219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/categories?post=2219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/tags?post=2219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}