On the House Blog

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

Posts in category Homeownership

Four Profiles of Middle Class Households

December 8, 2017 | by Michael Wilt
The term "middle class" carries a variety of meanings, and they are typically tied to the income a household earns. While there's no official definition of middle class, the Pew Research Center considers households earning between 67 percent and 200 percent of the median family income as middle class. Nationwide, that's an income range of $39,554 to $118,072 notes thebalance.com.

The Surprising Way Baby Boomers Are Affecting Today’s Housing Market

November 3, 2017 | by Katie Claflin
Much attention has been paid to millennials’ attitudes toward homeownership. However, an article published by CNBC in August argues that it’s actually baby boomers—not millennials—that are having the greatest impact on the current housing market.

Why Workforce Housing Is so Hard to Find

October 13, 2017 | by Michael Wilt
As cities grow and attract new jobs, city leaders and employers are struggling with how to ensure there is housing that is affordable to workers at low- and moderate-income levels. This type of housing, referred to as "workforce housing," is becoming harder to find.

Being “Too Cool for School” May Keep You From Becoming a Homeowner

October 6, 2017 | by Katie Claflin
If you want to buy a home, one of the best ways to make that happen is to stay in school, according to a recent study conducted by Trulia.

Resources Available for Texans Affected by Hurricane Harvey

September 15, 2017 | by Katie Claflin
For this week’s blog post, we have compiled a list of resources that can help Texans affected by Hurricane Harvey find temporary shelter or rental housing, file an insurance claim, postpone their mortgage payment, or find employment.

Texans Are Paying Less on Mortgage Debt Than the Rest of the Country

September 8, 2017 | by Guest Posts
Texas homeowners have less mortgage debt than the rest of the U.S. thanks to home prices below the national average, according to the Real Estate Center at Texas A&M University.

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.

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.