Join the Leonard W. Wood Center for Real Estate Studies for the John A. Mitchener Housing Affordability Symposium on Friday, Dec. 1, 2023, at the Rizzo Center. Industry and academic experts will explore how the U.S. can combat increased housing costs.
Andra Ghent, Professor of Finance at the University of Utah’s David Eccles School of Business, discusses the current state of housing affordability in an era of high interest rates.
The cost to rent a one-bedroom apartment in Raleigh and Durham jumped 6% in a month as the area continues to attract new residents, according to a WRAL TechWire report. Rising prices are an indication of an undersupply in homes for rent or sale, said institute Chief Economist Gerald Cohen, adding that this “suggests that the risks of a significant drop in housing is quite low.”
Kenan Institute Chief Economist Gerald Cohen was part of a panel on WRAL’s in-depth news program July 2 discussing the whys and how longs of inflation, particularly rising prices for gas, housing and food.
When high-tech companies plan to expand, U.S. cities often compete to attract their investment. While living near a new corporate neighbor can bring job creation and an economic boost, these benefits aren’t experienced equally by local inhabitants. This week's insight explores this and other key findings in new research by UNC Kenan-Flagler Professor Franklin Qian and economist Rose Tan.
The Leonard W. Wood Center for Real Estate Studies, along with the Kenan Institute of Private Enterprise, cohosted the UNC Affordable Housing Symposium last month. Experts in the field, as well as academic professionals, explored how the Triangle housing climate has shifted as business booms in the surrounding area and how the real estate industry can prepare for the future.
North Carolina has been a relatively affordable place to live, but the housing climate is shifting as industry booms. On Nov, 19, join the Wood Center for Real Estate Studies and the Kenan Institute for the UNC Affordable Housing Symposium where industry and academic experts will explore how the Triangle can prepare for the future. Over the course of three interactive sessions, attendees will learn about an innovative model for preserving affordable workforce housing in high-impact locations, engage in a conversation around the impediments to developing new workforce housing communities, and ponder how shifts to remote work might impact the region’s housing affordability.
Post-COVID, tech firms are likely to continue to spread out across America’s cities. What factors determine their choices? For cities that seek to recruit the next Amazon HQ3, what do they gain from winning the competition? And from the perspective of their lower and middle-income residents, is it good or bad if they win?
American Indian communities face a growing housing crisis, compounding long-standing social and economic challenges. In this Kenan Insight, we examine the structural and historic factors that underlie the current lack of affordable housing, and identify several promising options for both addressing the immediate crisis and improving the broader economic situation for tribal communities.
Workforce (moderate income) housing remains a critical area of need across the State of North Carolina. Without government subsidies, developers are challenged to deliver a multifamily for-rent product accessible to those who earn 80%-120% of Area Median Income. Building on their previous efforts to address this deficiency, the Wood Center for Real Estate Studies, in partnership with the Kenan Institute for Private Enterprise, will be convening a roundtable of selected participants within the multifamily development process.
Even before the COVID-19 pandemic, finding affordable housing was a persistent problem in the U.S. In this Kenan Insight, we look at the factors driving the nationwide affordable housing crunch, particularly for those most affected by it — low income, single-parent families.