On the House Blog

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Welcome to On the House, a weekly blog for affordable housing professionals.

What Home Buyer Hopefuls Want From Agents and Lenders

August 18, 2017 | by Guest Posts
In a new Down Payment Resource survey of 750 future home buyers, 85 percent said they were looking to buy a home in the next six months. But while the current median down payment for a first-time buyer in approximately 6 percent, sixty-five percent said they think it will be moderately to extremely difficult to save for a down payment.

How Commuting Costs Can Drive Up Housing Costs

August 11, 2017 | by Katie Claflin
Housing affordability is generally measured as a percentage of income spent on housing costs. According to the US Department of Housing and Urban Development, a household is considered cost-burdened if it spends more than 30% of its income on housing. But Joe Cortwright, Director of City Observatory, argues that traditional measures of affordability do not consider other related costs, particularly transportation, when calculating whether a household’s housing is affordable.

Homeownership Rate Declining For Everyone Except Older Americans

August 4, 2017 | by Michael Wilt
In 2009, the U.S. homeownership rate stood at 71%. Since then, it has fallen to 63% with declines spanning every region of the country and including almost every age demographic according to a recent Gallup report.

Staff Spotlight: An Interview with James Matias

July 21, 2017 | by Katie Claflin
This week we are spotlighting James Matias, Manager of Asset Oversight and Compliance at TSAHC. James has more than 13 years of experience in the housing industry and just celebrated his fifth anniversary at TSAHC this spring.

Rental Housing Prices Remain Out of Reach for Many Texans

July 14, 2017 | by Michael Wilt
The National Low Income Housing Coalition recently released its annual "Out of Reach" report, which calculates the hourly wage a household needs to earn to afford a modest market rate apartment. The report calls this figure the Housing Wage.

You May Be Closer to Buying a Home than You Think

July 7, 2017 | by Katie Claflin
Buying a home is a major purchase, and it’s natural to want to hold out for the perfect home. But just because you can’t afford your dream home right now doesn’t mean you should sit on the sidelines until you can.

The State of Housing in Texas

June 23, 2017 | by Michael Wilt
The national housing market is finally returning to normal nearly a decade after the foreclosure crisis, but affordability problems persist at near record levels. That's the main takeaway from "The State of the Nation's Housing 2017" report released last Friday by the Joint Center for Housing Studies at Harvard University.

How to Protect Low Income Families in Changing Neighborhoods

June 16, 2017 | by Katie Claflin
GOVERNING magazine reports that most major metro areas in Texas are experiencing gentrification. As housing prices in Texas increase, community leaders are scrambling to find solutions to protect long-term residents without undermining growth.

A Closer Look at Who Lives in Affordable Housing

June 9, 2017 | by Michael Wilt
A frequent question housing professionals get is, "who exactly lives in affordable housing?" A recent U.S. Department of Housing and Urban Development (HUD) report helps answer this question with tenant-related data collected in 2014.

What Would You Do with an Extra $2,000 Every Year?

June 2, 2017 | by Katie Claflin
June is National Homeownership Month, and we want to take this opportunity to educate first-time buyers about our Mortgage Credit Certificate (MCC) Program, which can save you up to $2,000 every year on your income taxes and put more of your hard-earned money back into your pocket.