Tenant rights organizer sees opportunity amid housing crunch
As economic power concentrates in the housing market amid the highest inflation in 40 years, one tenant rights activist sees an opportunity to pursue fundamental changes in the way America approaches affordable housing. . Tara Raghuveer, founder of Kansas City’s influential Tenants Union and organizer of the National Federation of Tenants Unions, is leveraging the […]
The Most Splendid Housing Bubbles in America, December 2023 Update
Down from 2022 highs: San Francisco -12%, Seattle -11%, Portland -6%; Denver, Phoenix, Las Vegas -5%; Dallas -4%, San Diego -2%, Los Angeles -1%. But new highs in 8 metros. Today’s S&P CoreLogic Case-Shiller Home Price Index for “October” is a three-month moving average of home prices whose sales were entered into public records in August, September, […]
Illegals list demands FREE food, housing, lawyers
A group of migrants camping in Denver, Colorado, is refusing to be evicted from their temporary homes under bridges and near railroad tracks. Palestinian flags are also displayed in some of the migrant camps. Instead of being asked to move to city-funded shelter-in-place shelters, the migrants have submitted a list of 13 demands to Mayor […]
Hotter inflation keeps mortgage rates higher, but housing inventory building: Fannie Mae
Fannie Mae has said that if inventory builds up and borrowing rates remain high for an extended period, home prices could fall. (iStock) With interest rate cuts further away, there is no end in sight for high borrowing costs. Still, a surge in housing inventory could give buyers more options, Fannie Mae said in a […]
Fire destroys shopping complex housing 1,400 outlets in Poland’s capital
A massive fire has broken out at a vast shopping complex housing around 1,400 stores in Poland’s capital. According to authorities, the fire broke out in Warsaw’s Bialoreka district. As a result of this accident, more than 80% of the complex was destroyed by fire, causing extensive damage. A massive fire broke out at a […]
Bank of England Admits Mass Migration Driving Up Cost of Housing
The Bank of England has admitted that mass immigration is a key driver of rising rents in the country, further undermining the neoliberal intelligentsia’s claim that waves of unfettered immigration will bring economic prosperity. Following the Bank of England’s decision to keep interest rates at 5.25%, Hugh Pill, the central bank’s chief economist, rejected the […]
Arizona’s Housing Market Is In Rough Shape
A new report is sounding the alarm on Arizona’s housing market. The report from the Common Sense Institute, a conservative-leaning think tank, says that Arizona is losing its competitiveness that it once had. In addition, the report says that there is a “housing deficit of over 129,000 units” and found that the cost of a […]
The Housing Market Shows Interest Rates Are Too Low
The residential transmission line is not functioning. The idea that interest rates are not high enough is starting to take root at the Federal Reserve. Neel KashkariWith admirable transparency, our esteemed financial leader at the Minneapolis Fed once again picked up his digital pen and pointed out that: The economy is not working as expected […]
Migration Drives Up Housing Costs in 13 Countries
According to pro-immigration business magazine Bloomberg, immigrants are contributing to rising per capita poverty in many developed countries, primarily due to rising housing costs. “Now, 13 economic zones. [with high immigration] Per capita rate for all developed countries [per-person] According to an independent analysis by Bloomberg Economics, the economy was in recession at the end […]
Americans Protest Boston’s Housing Giveaway to Immigrants
Hundreds of Americans gathered in front of the Massachusetts State House in Boston on Saturday to slam Democrats for rejecting a measure that approved $420 million in immigration protections and prioritized homeless veterans. The budget spending signed by Gov. Maura Healey (D) on April 30 provides an additional $420 million to strengthen the state’s emergency […]