Today’s episode is vital and very informative as we delve into a deeper conversation about the impact that we need to make on our community here in Charleston Region in order to balance and stabilize the market to make it attainable for everyone to get into the market.
The Charleston Trident Association of Realtors or CTAR conducted a recent study on housing affordability and housing policy in the Charleston metro area. Joining us today is the Government Affairs Director from CTAR, Mr. Josh Dix, about their findings on the growing “housing cost-burdened” that greatly impacted the families’ needs and hurt the economy.
The cost of housing in the Charleston region is outgrowing the pace of wage growth. They’re trying to figure out a way to make housing more affordable so that people aren’t putting more than 30-percent of their income toward rent or their mortgage.
Download and listen to know more about the growing housing affordability issues in the Charleston region and how CTAR finds solutions to this ongoing problem in the region.
Let’s get started!
What You’ll Learn From This Episode:
- Discover more about the housing study made by the Charleston Trident Association of Realtors (CTAR)
- Statistics show the average rent amount in the Charleston area, the median cost of a home, as well as the average income and the sales price.
- Population trends and the policies that need to be changed
- Realized what type of community do you want to be
- How major metro areas move people.
- Navigate a path that will be most beneficial to the Charleston community from the experience of others.
- How to address supply and demand and affordability issues
- Zoning changes and allowing for diversification of housing inventory
- Housing affordability and attainability in the Charleston Region
- How does Light Rail in Charleston impact housing affordability