To buy a single-family home in Boston, you need a household income of $217,000. The staggering — though maybe not surprising — number released recently through the Joint Center for Housing Studies at Harvard University, raises an important question: If that’s the bar for buying a home in Greater Boston, who can afford it, asks Boston Globe Media in a new article out today. https://lnkd.in/dh9Naw-f
Harvard Joint Center for Housing Studies
Higher Education
Cambridge, Massachusetts 5,596 followers
The Harvard JCHS strives to improve equitable access to decent, affordable homes in thriving communities.
About us
The Harvard Joint Center for Housing Studies strives to improve equitable access to decent, affordable homes in thriving communities. We conduct rigorous research to advance policy and practice, and we bring together diverse stakeholders to spark new ideas for addressing housing challenges. Through teaching and fellowships, we mentor and inspire the next generation of housing leaders.
- Website
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http://www.jchs.harvard.edu/
External link for Harvard Joint Center for Housing Studies
- Industry
- Higher Education
- Company size
- 11-50 employees
- Headquarters
- Cambridge, Massachusetts
- Type
- Educational
- Founded
- 1959
Locations
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Primary
1 Bow St
Cambridge, Massachusetts 02138, US
Employees at Harvard Joint Center for Housing Studies
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Dave King
Executive Director of the Home Improvement Research Institute (HIRI)
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Allan Merrill
Chairman and CEO of Beazer Homes
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David Luberoff
Director of Fellowships and Events
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Michael Sauri
TriVistaUSA Founder & President | Design & Build Innovator in mid-Atlantic | 19+ Years Industry Leadership | Steering Committee Member @ Harvard |…
Updates
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Looking for housing data? Our website now features a searchable, sortable collection of all the recent data tables we've published! #housing #data #research https://lnkd.in/d-ji3P9t
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Saving for a home and retirement feels like a far-off goal for many, especially millennials who aren’t high earners. It takes an annual household income of at least $100,000 to afford the median-priced home in nearly half of all metro areas, according to our latest report. A job loss or medical bills can postpone the ability to save and buy a home even longer. https://lnkd.in/ettBJjXK
The Dramatic Turnaround in Millennials’ Finances
wsj.com
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Lower-income renters continue to face extraordinary financial hardships, as the competing costs of food, energy, and housing make it nearly impossible for some to cover basic needs, writes Sophia Wedeen in a new blog. #housing #rent #renters #affordability https://lnkd.in/e9V_EEvd
Renters Struggle with Competing Costs of Food, Energy, and Housing
jchs.harvard.edu
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Conversations about urban neighborhoods and social justice are expanding to include art and wellness. In her new Meyer Fellowship paper, Aisha Densmore-Bey, DDes, RA, NCARB, LEED AP examines the use of arts-based real estate development to create positive change in communities of color. https://lnkd.in/eX49b9WV
Artist-Developers in Historically African American Neighborhoods
jchs.harvard.edu
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LISTEN: High housing costs are pushing more Americans to find roommates, including baby boomers and empty nesters. Our Jennifer Hrabchak Molinsky joined Deb Becker on the WBUR program On Point to discuss the growing trend of intergenerational living. #housing #olderadults https://lnkd.in/e3_mg8Gg
Could ‘boommates’ help ease the housing crisis?
wbur.org
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“It's the fundamental sin in our disaster policy in this country, that everything is based on property and possession,” says Carlos Martin. Many renters have less wealth, and receive less government assistance after disasters, than homeowners, and suffer more severe and long-term financial impacts as a result. https://lnkd.in/eJ8hbWfD
Do you rent? You may be more vulnerable to climate-driven disasters
npr.org
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In 2022-2023, 6 million people immigrated to the US, far outpacing the 900,000-person annual average in the 2010s. These new arrivals are already having an impact on the #housing market, but their full effect on household growth will take some time to be fully realized, writes Riordan Frost in a new blog. https://lnkd.in/eprx385R
What Effects Will the Recent Surge in Immigration Have on Household Growth?
jchs.harvard.edu
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After a modest downturn, homeowner expenditures for improvements and repairs are expected to trend up through the first half of 2025, according to our latest Leading Indicator of Remodeling Activity (LIRA). The LIRA projects that declines in annual spending for renovations and maintenance to owner-occupied homes will ease to just -0.5 percent through the second quarter of 2025. https://lnkd.in/e2E3VWjE
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Next Thursday, July 25, our Jennifer Hrabchak Molinsky delivers a keynote on Housing Solutions for Older Adults at the Inter-American Development Bank Regional Housing Forum in Mexico City. Register to attend in-person or online. #housing #olderadults https://lnkd.in/ejNYrJd7
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