This map of home ownership rates in Europe paints a surprising picture: Eastern Europe leads the continent in owning homes, while many wealthier Western countries lag behind. What’s behind these differences?
Read more: Home Ownership in Europe
It appears that house prices in many countries around the world have been on a constant upward climb. Houses offer a unique blend of necessity, practicality, and sentimentality, but for many savvy investors, they also serve as a primary means of building wealth. And it’s this last point, combined with a surge in demand, that’s causing housing prices to skyrocket.
Read more: How Global Housing Prices Have Changed Since 2010 to 2022
Smart-home technologies have gradually emerged throughout considerable home listings in current years. From intelligent lights and smart thermostats that can be managed from your phone, tablet, or PC, steps are being created to make residences more convenient than ever earlier.
Read more: Which U.S. States and Cities Have the Most Smart Home Listings?
Nowadays, private individuals and corporations own about 60,2% of U.S. land. In total, about 77 million owners hold 1.3 billion acres (0.53 billion ha) of private land. Over 63% of the privately owned land is in farms and ranches. Another 32% of the privately owned land is in forests.
Read more: Value of Private Land in the U.S. Mapped
The first European settlements in America were founded at the beginning of the 17th century. These early settlers created some of the oldest buildings in what would later become the United States of America. However, Homo sapiens first appeared in America about 13,000 years ago.
Read more: The Oldest Building in Each U.S. State Mapped
22 of 36 developed countries (61%) saw a decline in home ownership over the last 10 years. Today UK residents need at least two months’ average salary to purchase just one square meter of home.
Read more: Global map showing the ownership vs rental split rate
According to the report of the national low-income housing coalition, the nationwide housing wage in 2022 is $25.82 per hour for a modest two-bedroom rental home and $21.25 per hour for a modest one-bedroom rental home.
Read more: How Much You Have To Earn To Afford A Two-Bedroom Home In Every U.S. State
In major coastal hubs like NYC and San Francisco, requirements for real estate buyers are slightly friendlier on the West Coast and the East Coast compared to the South or Great Plains. In the South and Great Plains, it is still remarkably reasonable to rent than to purchase, often leading to savings of 33 percent or more on housing prices.
Read more: How Much Cheaper It Is To Rent Than Buy A Home In Every U.S. State
The most expensive metros are located in California. For example, San Jose requires the highest salary ($254,835.73). On the flip side, Pittsburgh only requires a salary of $37,659.86 to buy a median-priced home.
Read more: The Salary Needed to Buy a Home in 50 U.S. Metro Areas
The 2020s would rank as the third-highest appreciating decade to grow real estate prices in history. Yes, prices are going up fast, but not as fast as some may make you think. The record in the growth rate of real estate prices belongs to the 70s.
Read more: Where real estate prices are rising the fastest in the U.S.
The median house prices now surpass 2007 levels in 41 states and Washington, DC. However, a closer look at the map reveals underwhelming growth, with 22 states seeing values increase by 20% or less over 10 years. Some areas experienced significant surges, such as North Dakota (+82.3%), Colorado (+49.2%), and Texas (+42.4%), driven by factors like shale fracking and population influx.
Read more: How Housing Prices Have Changed Ten Years After The Real Estate Bubble Burst
Our latest blog post dives into the fascinating world of UK property prices, featuring an interactive map that reveals a decade of change. From London’s ever-rising values to surprising declines in some coastal towns, we explore the economic and social factors shaping the UK’s housing landscape.
Read more: Where in the UK House Prices are Rising and Falling
A detailed look at America’s housing landscape through an innovative dot map that reveals surprising patterns of homeownership versus renting across major cities and rural areas.
Read more: Every Home Owner and Renter in the U.S.: A Dot-by-Dot View of American Housing