CNT President, Scott Bernstein explains, «The index tells an alternative
story of affordability than we've become accustomed to hearing.
Not exact matches
News 12 Brooklyn
story on BP Adams leading City University
of New York (CUNY) students in a rally calling for greater
affordability and investment in public higher education by the State.
After the publication
of this
story, a spokesperson for Real
Affordability for All, a coalition at the City Hall rally which includes New York Communities for Change and Make the Road New York, denied that members
of NYCC and Make the Road were among those that shouted at Mr. de Blasio.
By now, everyone knows the
story: Throughout the recovery, home values rebounded strongly and income growth (until very recently) has been weak at best — leading to a housing
affordability pinch for many, particularly renters unable to take advantage
of historically low mortgage interest rates.
As dismal as
affordability appears, the
story gets worse when you factor in a floundering economy and the frustrations
of student debt.
The number
of Bulletin
stories dealing with higher education access and
affordability increased from three in 2009 and four in 2010 to 36 in 2011.
«Too often, we evaluate communities through a narrow single - issue lens, such as housing
affordability or greenhouse - gas emissions,» says Jack Wong, CEO
of the Real Estate Foundation
of B.C. «While these are obviously very important, they don't tell the whole
story.
Slowing home appreciation and lower mortgage rates helped push up home
affordability in the Chicago area at the end
of 2014 — but that was then and early 2015 may be another
story.
By that measure, the cost
of owning a home edged down by 1.0 percentage point to 42.0 percent for a detached bungalow, by 1.2 percentage points to 47.8 percent for a two -
story home, and by 0.6 percentage point to 28.0 percent for a condominium, the RBC Housing
Affordability index showed.
The 2 -
story condos in Midport Place consist mostly
of 2 - bedroom units, offering buyers
affordability and convenience.