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Breaking Down the Housing Affordability Index with Matt Fowler
Manage episode 468395786 series 3491067
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Housing affordability has shifted dramatically in recent years, and understanding the numbers behind it is crucial. The Affordability Index measures how accessible homeownership is, and in the Triangle, it's telling an important story.
In this episode, Matt Fowler, CEO of Doorify MLS, breaks down the Housing Affordability Index—what it means, why it’s changed, and what we can expect moving forward. Matt shares insights from Doorify’s extensive market research, including trends from their latest 2024 Year-End Affordability Index update.
We also explore the role of zoning regulations, smart growth policies, and data-driven decision-making in shaping the future of housing.
Tune in to hear Matt’s expert take on what’s happening now—and where the market is headed next.
Specifically, this episode highlights the following themes:
- How the Doorify Affordability Index measures housing accessibility in the Triangle
- The key factors affecting home prices, mortgage rates, and income levels
- Smart growth policies and data-driven solutions for improving affordability
Links from this episode:
- Learn more about Triangle MLS: https://www.trianglemls.com
- Know more about Matt Fowler: https://www.linkedin.com/in/matttriangle
- Know more about Andrea Siracuse: https://www.linkedin.com/in/andrea-siracuse
- Read the 2024 Year-End Housing Market Update: https://doorifymls.com/news/year-end-update-doorify-affordability-index/84
1ae5b43598204883b524f061d4880e6d10fca88c (for podfollow.com)
Chapters
1. Introduction (00:00:00)
2. What the Doorify Affordability Index measures (00:01:06)
3. How Doorify collects and shares housing market data (00:02:07)
4. Why affordability has dropped below 100 for the first time (00:02:58)
5. The three key factors affecting housing affordability (00:04:04)
6. How the Triangle market compares to other U.S. cities (00:07:52)
7. The challenge of urban sprawl and smart growth policies (00:09:42)
8. How Doorify leverages data to support real estate professionals (00:12:27)
9. AI-driven tools to optimize home listings and market insights (00:16:46)
10. The biggest challenges and opportunities for Triangle housing in 2024 and beyond (00:17:02)
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