While the national housing market struggles with high prices and mortgage rates, several cities offer relative affordability. Explore the top 5 cities where homeownership is still within reach, including Pittsburgh, Detroit, Buffalo, Rochester, and St. Louis. Learn about factors contributing to their lower median list prices and how these markets are attracting buyers seeking a more attainable homeownership experience.
Amidst rising mortgage rates, Cavco Industries (CVCO) stands out as a small homebuilder poised for growth. With a focus on manufactured homes, Cavco is well-positioned to address the growing need for affordable housing across the U.S. Despite some concerns regarding valuation, its strong sales volume, increasing backlog, and strategic positioning within the industry make it a compelling investment opportunity.
Boxing legend Floyd Mayweather Jr. has made a massive real estate move, purchasing a 1,000-unit affordable housing portfolio for a staggering $402 million. The acquisition, spread across 60 buildings, is a significant step into the New York City real estate market, where affordable housing is desperately needed. This move has generated interest and speculation about Mayweather’s future plans for the portfolio.
Tredway, a leading developer of affordable and mixed-income housing, has announced the appointment of Daniel Guerra as Vice President of Investments. Guerra brings extensive experience in investment, development, and asset management, bolstering Tredway’s commitment to expanding access to high-quality, affordable housing across the United States.
Austin Habitat for Humanity will host the 2025 Jimmy & Rosalynn Carter Work Project, a week-long event where volunteers from around the world will come together to build affordable homes in the city. This marks the 40th anniversary of Austin Habitat’s mission to provide multi-generational stability through homeownership for Central Texan families. The project will also highlight the ongoing challenge of affordable housing in the region.
Lincoln Avenue Communities (LAC) hosted a block party to celebrate the grand reopening of Santa Clara II Apartments in Miami, a 204-unit affordable housing complex that underwent a major renovation. The event featured family-friendly activities, local food vendors, and a live DJ, showcasing LAC’s commitment to providing high-quality affordable housing and community resources.
Suzanne Hayes faced a daunting housing situation when she received a 30-day notice to vacate her rental. With limited options due to rising costs and stringent rental market requirements, she found an unexpected solution – living in a hotel. Hayes’ experience highlights the growing housing affordability crisis in the US, where millions are unable to afford homeownership. While the Federal Reserve’s recent interest rate cut may offer some relief, experts emphasize the need for more significant action to tackle the chronic housing shortage.
Havenpark Communities, a leading operator and developer of manufactured home communities, has announced exceeding its ambitious goal of $27.6 million in capital improvements across its communities in 2024. The company is now on track to invest a total of $30.1 million by year’s end, demonstrating its commitment to providing residents with well-maintained and thriving communities.
Discover a selection of vibrant new communities in and around London offering shared ownership opportunities with low deposits, making homeownership a reality for first-time buyers. Explore developments with amenities like pools, balconies, and convenient transport links, all with deposit requirements as low as £2,688.
Century Communities, Inc. announces the launch of its Century Complete brand in Ocala, Florida, with the new West Oak community. This community offers a selection of single- and two-story floor plans with attractive features and amenities, all at affordable prices starting from the mid $200s. The community boasts a prime location, backing up to the Ocala Wetland Recharge Park, and offers a range of amenities, including a pool, clubhouse, and fitness center.
