Affordable Housing Solutions Building the American Dream

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Presentation transcript:

Affordable Housing Solutions Building the American Dream in the United States: Building the American Dream Tom Salomone, 2016 President National Association of REALTORS®

The National Association of REALTORS® “the Voice for Real Estate”

AFFORDABILITY IN THE UNITED STATES

The American Dream Home Ownership: 63.5% of Americans own their own home. 87% percent of U.S. households believe homeownership is part of their American Dream.

80 percent of the population lives in an urban area In the United States, 80 percent of the population lives in an urban area

eCommerce Customer Service $40,507 New York 2015 Median Home Price: $485,500 Annual Income Needed: $132,177 Median Salaries Elementary School Teacher $ 64,617 eCommerce Customer Service $40,507 Police Officer $70,250 Cashier $23,815 Registered Nurse $81,100

eCommerce Customer Service $42,039 San Francisco 2015 Median Home Price: $907,000 Annual Income Needed: $247,184 Median Salaries Elementary School Teacher $66,918 eCommerce Customer Service $42,039 Police Officer $97,331 Registered Nurse $122,750 Cashier $24,715

Lifestyle Preferences Bethesda, Maryland

Urban Micro Apartments & Communal Living Initiatives

Sprawl Retrofit Downtown Belmar, Colorado Before After

Alternative Transportation Options

Tom Salomone, 2016 President National Association of REALTORS®