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Around 2015, Bynum was inspired to flip homes in Detroit after seeing a social media post of someone traveling there and buying ten houses. He and Thomas purchased a home in the city in 2017. [ 8 ] They filmed a pilot episode in 2019 and the rest of the first season in 2020, when Hicks-Whitfield was brought into the production. [ 1 ]
The median distance that buyers traveled to their new home was 50 miles in 2022, up from 10-15 miles over the last 30 years. Americans are moving further away for affordable homes and 'grandbabies ...
US housing affordability is at record lows, per Goldman Sachs. But the bank expects the cost of homeownership to return to "normal levels" by 2030.
Just 16% of homes for sale in 2023 were affordable to the typical US household, the lowest share on record since Redfin started tracking the metric a decade ago.
The San Diego Housing Commission currently owns 2,221 affordable housing units and plans to expand that number in the future to meet the growing demand. [60] In 2009, the San Diego Housing Commission implemented a finance plan that created 810 more units of affordable rental housing through leveraging the equity of its owned properties.
The definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...
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To be sure, mobile homes were still much cheaper last year than new single-family homes were—$124,300 on average versus $409,872—and the one-year span between 2022 and 2023 saw a 2.4% dip in ...