In the Media

“If you are a homeowner, you have access to incredible amounts of equity right now,” said Whitney Airgood-Obrycki, a senior research associate at Harvard University’s Joint Center for Housing Studies. But this also means a huge number of potential home buyers are locked out of the market.

The census tract that includes the area surrounding the Kenmore MBTA station saw median home values jump more than $150,000 between 2000 and 2016, according to the most recent data from Harvard University’s Joint Center for Housing Studies.

Between 2006 and 2016, the number of adults age 65 and older, who were sharing their homes with nonfamily members grew by 87%, from 470,000 to 879,000, according to the Joint Center for Housing Studies at Harvard University.

Over the past few years, homeowners redoubled their remodeling efforts, according to the Joint Center for Housing Studies at Harvard University.

The Leading Indicator of Remodeling Activity—a widely watched industry barometer—predicts that $458 billion will be spent over the next year remodeling and repairing owner-occupied homes. That's down from the $471 billion in the past 12 months.

Lenders attributed more than half of their rejections of older applicants to “insufficient collateral.” It's possible lenders didn’t find those homes to be worth as much as applicants had thought, because older owners occupy older homes, and might have deferred maintenance.

The share of Americans moving each year remained below 9% and Riordan Frost, senior research analyst at Harvard's Joint Center for Housing Studies, says he expects affordability issues tied to higher interest rates to limit home moves again in 2023.

But overall the share of Americans moving each year remained below 9% and Riordan Frost, senior research analyst at Harvard's Joint Center for Housing Studies, says he expects affordability issues tied to higher interest rates to limit home moves again in 2023.

Since the pandemic, the number of discrete households in the US has also spiked. This phenomenon has multiple causes.

Harvard University Remodeling Futures Program Director Carlos Martin joins Yahoo Finance Live to discuss home improvement and repair spending, the need for additional investments in aging homes, and the outlook for the U.S. housing sector.