Is Home Price Inequality a Good Thing?

first_img Related Articles  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Affordability Home Price Home Values Homeownership Homes HOUSING Inequality LendingTree Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Is Home Price Inequality a Good Thing? Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: BCFP Announces Director for Office of Innovation Next: Confirmation of Sale Scrutiny in Kansas About Author: Alison Rich With median-priced homes now getting too expensive for average households, tons of people are locked out of the market. Where is home price inequality the highest? LendingTree endeavored to answer that by analyzing house values in the 50 largest U.S. metros using a metric called the “GINI coefficient.” To provide a more tangible inequality measure, it included the values of the 5th and 95th percentile homes and their ratio, the company said. Which market dominates the most unequal category? The Midwest, while the West reigns supreme in the most equal category for home prices, the analysis found.The cities with the highest home price inequality: Detroit; Birmingham, Alabama; and Indianapolis, which posted an inequality level twice that of the most equal markets, the analysis indicated. On the flip side, Salt Lake City; Portland, Oregon; and Denver had the least home price inequality. Quantitatively, the analysis found that 95th percentile of home values were three times the value of the 5th percentile in these three areas, compared with more than ten times the value in the most unequal markets. Believe it or not, high home prices don’t necessarily equate to high inequality, the study found. For example, the San Jose and San Francisco metros—with the highest values for the 95th percentile of homes ($2.7 million and $2.3 million, respectively)—ranked No. 41 and No. 33 for inequality. Additionally, the metros with the most inequality tend to have very low prices for the 5th percentile of home values, the analysis reported. The most equal markets, however, were less affordable for borrowers with low incomes.After diving deep into the discovery process, LendingTree reached a conclusion that defies conventional wisdom about affordability.“Cities with more home value inequality have a wider distribution of home values, which means that families earning lower incomes may still have the opportunity to access homeownership in these cities,” it said. “The concurrent presence of high-value homes suggests that their economies are vibrant enough to support higher-earning jobs as well. Looked at in this manner, home value inequality could be beneficial.” Subscribe Affordability Home Price Home Values Homeownership Homes HOUSING Inequality LendingTree 2018-07-18 Alison Richcenter_img Share Save in Daily Dose, Featured, Market Studies, News Home / Daily Dose / Is Home Price Inequality a Good Thing? Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago July 18, 2018 1,084 Views Servicers Navigate the Post-Pandemic World 2 days ago Alison Rich has a long-time tenure in the writing and editing realm, touting an impressive body of work that has been featured in local and national consumer and trade publications spanning industries and audiences. She has worked for DS News and MReport magazines—both in print and online—since they launched. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agolast_img read more

No charges filed against woman aiding Conservation Officer

first_imgOHIO COUNTY, Ind. — No charges are being filed against the woman who fatally shot the man who was attacking an Indiana Conservation Officer in Ohio County on February 20.The incident started when a resident called 911 to report a male in a pickup truck that was parked in part of the caller’s driveway and in a lane on the highway.Conservation officer Chris Powell responded to the call and realized Justin Holland, 25, may have been impaired and tried to put him in handcuffs.Holland resisted and pinned Officer Powell to the ground.A female neighbor fearing for Officer Powell’s life and came to his aide and shot Holland in the upper shoulder.He later died at the Dearborn County Hospital.The prosecutor’s office and investigators are not releasing the female’s name.last_img

Get out of the way

first_imgLos Angeles: Veteran actor Pierce Brosnan concurs with idea of a female actor taking over the role of famed fictional British spy James Bond, calling the prospect “exciting”. There is a raging debate about who would succeed Daniel Craig, the current Bond star, after he leaves the franchise post the release of Cary Fukunaga’s No Time to Die. A strong case has been made by many who want to see a woman actor taking over the mantle. In an interview with The Hollywood Reporter, Brosnan, who has four Bond films to his credit, was asked whether he would like to see a gender-flipped 007 spy. Also Read – I have personal ambitions now: Priyanka”Yes! I think we’ve watched the guys do it for the last 40 years, get out of the way, guys, and put a woman up there. I think it would be exhilarating, it would be exciting, the 66-year-old actor said. He, however, doubts whether the franchise’s producers – Barbara Broccoli and Michael G. Wilson — would be willing for a gender change to the character. “I don’t think that’s going to happen with the Broccolis. I don’t think that is going to happen under their watch,” Brosnan said.last_img read more