Just as Democrats are ready to make housing cheaper, White House policies will restrict workers, increase building costs and hurt demand, writes @Erika_D_Smith (via @opinion) https://t.co/CWOJxuA89Y ...

Haibin Zhu haibin.zhu@jpmorgan.com JPMorgan Chase Bank, N.A., Hong Kong Branch Securitized Product Research John Sim AC john.sim@jpmorgan.com J.P. Morgan Securities LLC US Equity Research Strategic Research 23 June 2025 J P M O R G A N J.P. Morgan Perspectives Defying Expectations: Housing Bubble Has Yet to Burst Emerging Markets Asia, Economic and Policy Research Securitized Product Research Nick Maciunas AC nicholas.m.maciunas@jpmorgan.com J.P. Morgan Securities LLC Ayako Fujita ayako.fujita@jpmorgan.com ...

[Music] [Applause] The full title of this speech is Jam Today unlocking the power of meanwhile use. Here's a a photograph a most powerful photograph of a greenhouse um which has been left derelict for 20 20 odd years and it just sits there and slowly crumbles away. One of the things which I am so concerned about in all walks of life is about waste.Now a lot of waste that we see uh today uh in fast fashion, it vanishes. It's over there somewhere. It's hidden away.it goes out to some East African uh country a ...

美国5月新屋销售创下近三年来的最大降幅，原因是大量销售激励措施未能有效缓解负担能力限制。根 据周三公布的政府数据，新建单户型住宅销量下降13.7%，至折合年率62.3万套，为7个月来的最低水 平。这低于所有接受彭博调查的经济学家的预期。 ...

Core Insights - The affordability of housing in major U.S. metros is severely constrained, with the typical household needing to spend 44.6% of their income to afford a median-priced home as of May 2025, significantly above the recommended 30% threshold [1][8] - Only three major metropolitan areas—Pittsburgh, Detroit, and St. Louis—allow median-income earners to purchase a median-priced home without exceeding 30% of their income [3][4] - High mortgage rates and home prices are the primary factors contributing to the lack of affordability in most large metros, with the average mortgage rate at 6.82% as of May 2025 [3][7] Affordability Analysis - In Pittsburgh, the median listing price is $249,900, requiring 27.4% of household income; in Detroit, it's $270,000 (29.8%); and in St. Louis, $299,900 (30.0%) [4][6] - Conversely, in Los Angeles, the median home price is $1,195,000, necessitating over 104% of the area's median income, indicating extreme unaffordability [5][6] - Other high-cost metros include San Diego, San Jose, New York, and Boston, all with affordability ratios exceeding 60% [5][6] Market Dynamics - Demand for affordable homes is increasing, particularly in the Midwest, where some markets still offer pathways to homeownership for median-income households [2][5] - The coastal markets, particularly in California, are experiencing a significant affordability crisis, with a high percentage of renters compared to homeowners [5][6] - The overall national median home price is $440,000, with a monthly payment of $2,930, reflecting the broader affordability challenges across the country [8] Potential Solutions - To improve housing affordability, strategies could include raising incomes or lowering housing costs through reduced mortgage rates or home prices [7] - Increasing the supply of affordable homes is critical, as many markets face a growing home supply gap, which has kept prices high [7]

根据 Finder的《2025年首次购房者报告》，2017年时，普通澳洲人能负担超过一半地区 的中位价房产 贷款，而这一比例如今已降至仅16%。 （图片来源：RealEstate） 在澳洲的房地产市场，单身买家面临越来越大的压力，普通澳洲人如今仅能负担得 起16%地区的独立 屋。 据RealEstate网站报道，最新研究揭示，单身人士几乎无法在澳洲独立买房。 即便在公寓市场，单身买家也面临困难，目前仅能负担得起约28%地区的公寓，这 一比例从2017年的 66%大幅下降。 在新州、南澳及西澳，普通单身买家能负担房贷还款的地区数量减少了约四分之三。 新州情况最为糟糕，2017年时单身澳洲人可以负担40%地区的独立屋，这一比例到 2025年下降至仅 11%。南澳的降幅尤为显著，从2017年的85%降至2025年的19%。 住房负担能力压力导致单身购房者在首次购房者中的比例显著下降。 从2021年首次 购房者中45%为个人，至2025年降至39%。 "首次购房者并不期望第一套房产是豪宅，但即使那些有现实期望的人，也对入门 级住房的高昂价格感 到震惊。" "存首付款如今需要多年努力，许多首次购房者严重依赖'父母银行' ...

While mortgage rates hold steady for another week, affordability does rem remain a pain point in the housing market. Our next guest pointing to a mixed picture in leading indicators for demand. That's Jim Egan, Morgan Stanley, US housing strategist and co-head of securitized products research.Jim's here with me in the studio. Thanks for being here. Thank you for having me.So given that we have not seen that much movement on rates and notably not that much relief on rates, do we remain in this sort of stuck ...

former Treasury official and Morning Joe economic analyst Steve Ratner. Steve, there has indeed been plenty of speculation about how Trump's tariffs will impact the country. So tell us, how does the economy look almost 5 months into Trump's second term.Yeah, it's interesting, Jonathan. I think uh all of us predicted that inflation would start to go up as a result of those tariffs, but yesterday there was a report that in fact it has really not yet gone up, or at least not yet gone up. So the commerce depart ...

一项最新政府报告指出，澳洲家庭平均需要花费其收入的一半来偿还新购房贷款。 这一数据对首次购房者来说无疑是个重大打击，尤其在房价不断上涨以及生活成本 日益增加的背景 下。 （图片来源：RealEstate） 据RealEstate网站报道，房价的攀升和生活成本的增加，让许多首次购房者的负担 进一步加重。而在此 过程中，新的降息政策可能带来更大的购房需求，这反过来又 可能刺激房市，导致房价进一步上涨。 国家住房供应与可负担性委员会发布的最新报告显示，到2024年12月，支付新房贷 款将需要中等收入 家庭收入的50%。 报告同时指出，对于租房者而言，预计他们需 要花费其收入的三分之一来支付租金。 （图片来源：RealEstate） REA Group的经济学执行经理Angus Moore进一步指出，当前的住房可负担性已达到 了有记录以来的最 糟糕水平。 他表示，首次购房者或有意愿购房的租户通常需要大量借贷以便进入房市，但他们 面临的经济压力前 所未有。 收入的增长并不足以抵消房价和抵押贷款利率的迅速上涨，这意味着普通澳洲家庭 目前仅能负担起全 国出售房屋的14%。 而根据最新的PropTrack房价指数，澳洲的房价 ...

根据Jarden的最新分析，澳洲买房人需年收入达16.1万澳元，才能在不陷入财务压力的情况下负担得起 房贷——这一数字比全国平均工资（11.4万澳元）高出41%。 是否还想了解不同城市的详细可负担区域列表？ 根据研究机构Cotality的数据，全国仅有五分之一的城区对平均收入者来说是"可负担"的。 今年房价预计将上涨6.1%，而利率仍处于高位，贷款偿还负担持续加重。 当前全国平均需将42.4%的收入用于还贷，远高于疫情前（2020年3月）的24.1%。 悉尼最难负担，还贷占比高达57.9%，购房者需年薪23.5万澳元才不"吃力"。 墨尔本相对最"轻松"，平均还贷占比为36.6%。 在悉尼，仅有14个城区对中等收入家庭（年薪12.1万澳元）可负担，包括Bankstown、 Cabramatta、Liverpool等。 Malouf批评主要政党提出的购房支持政策"过度侧重需求端"，认为这可能推高房价而非解决根本问题。 他强调："除非供给跟上，否则政策只会加剧供需失衡。" Jarden经济学家Anthony Malouf指出，要改善住房可负担性，需要进一步降息以及增加住房供给。他警 告称，房屋拥有率下降将在未来几十 ...