Largest housing provider for unaccompanied migrant minors subjected kids to sexual abuse, DOJ lawsuit claims
A new lawsuit by the Department of Justice alleges that “multiple employees” of the largest housing provider for unaccompanied minors crossing the U.S. southern border illegally committed various forms of sexual abuse against children in their care while the nonprofit’s leadership condoned it. The Department of Justice announced Thursday that it filed a lawsuit against […]
Finance, housing sectors ripe for AI regulation: Congressional committee
After a series of meetings with industry players, a working group of the House Financial Services Committee concluded that housing and finance are the two sectors of the economy where government regulation of artificial intelligence (AI) is most needed. The working group said the Commission should “take a leading role in overseeing the adoption of […]
Housing affordability is getting worse in 2024 battleground states
David Bahnsen, founder and CIO of Bahnsen Group, is examining the real estate market as young homebuyers struggle with the ongoing housing crisis. The cost of buying a home has skyrocketed in recent years, with high mortgage rates and rising home prices putting homeownership out of reach for many Americans. The issue is even more […]
Trump pivots on zoning, now calls it ‘a killer’ in push for more housing supply
Former President Donald Trump railed against the costs associated with zoning restrictions in a new interview, a notable shift from his past support for zoning to protect single-family housing. The new remarks come amid a continuing housing supply shortage and as home costs have been pushed to new highs in recent years. In a wide-ranging […]
Housing costs have nearly doubled in swing states since 2020
The story at a glance The median monthly home payment in battleground states has nearly doubled since the 2020 election, increasing 92% to a record high of $2,161. Since 2020, housing costs have risen faster than incomes, making the typical home in battleground states unaffordable for the average family as a result. The change could […]
Housing market short 4.5 million homes – here’s how that impacts your house hunt
Without an increase in housing supply, home prices will continue to rise, the Zillow report said. (iStock) The US housing shortage is worsening, with a housing shortfall expected to grow by an additional 1.8 million homes by 2022, according to Zillow. report. The U.S. will have 4.5 million fewer housing units than needed in 2022, […]
Housing starts rose in June despite higher mortgage rates
The number of housing starts ticked up in June despite pressure from high mortgage rates, reassuring news for an economy that has seen soaring housing prices and rents driven by a lack of supply. Housing starts, the change in the number of new residential buildings that began construction, rose 3% from May to a seasonally adjusted annual rate of 1.35 million in […]
Mandatory housing targets at core of economy-focused king’s speech | Labour
Local councils will have to adopt mandatory housing targets within months under planning reforms to be announced on Wednesday as part of Chancellor Keir Starmer’s first King’s Speech, which he said will focus on economic growth. Starmer is due to introduce more than 35 bills on Wednesday – the first Labour chancellor in 15 years […]
Scientists confirm cave on the moon — which could be used as future housing
CAPE CANAVERAL, Fla. — Scientists have identified a cave on the moon not far from where Neil Armstrong and Buzz Aldrin landed 55 years ago, and they speculate there could be hundreds more that could be habitable for future astronauts. An Italian-led team of researchers reported Monday that they have evidence of a sizable cavern […]
Housing affordability top concern for younger voters this presidential election: survey
Young Americans want to know how the next president will solve the problem of rising housing prices. (iStock) Rising home prices are the top concern for young Americans heading to the polls for the Nov. 5 presidential election, according to a recent Redfin survey. investigation. The survey found that about 91% of Gen Zers cited […]