Mayor Adams’ key affordable housing ‘City of Yes’ initiative skewered by Council
City council members have raised concerns about the next steps of Mayor Eric Adams’ groundbreaking “City of Yes” plan to build thousands of apartments in the East Bronx, arguing the chosen area lacks critical infrastructure. Councillors last week sounded the alarm over a Bronx Metro-North district plan that would add 7,500 new housing units along […]
Home Buyers Remain on Strike, Housing Market Still Frozen as Prices Are Too High, Mortgage Rates Still 7%
Estimated Reading Time: 2 minutes Powell to Congress: Higher rates are “the absolute best thing we can do for the housing market…” – “…particularly for younger people who are not yet in the housing market.” However we want to interpret this, it’s fascinating. Powell told Congress on Tuesday: “There’s no question that higher interest rates […]
Justin Trudeau Admits Young Canadians Are Locked Out of Housing Wealth
Canadian Prime Minister Justin Trudeau acknowledged that younger Canadians will lose their home equity because they cannot afford to enter a housing market bloated by immigration. “They’re not going to necessarily have the same kind of homebuying planning that people a generation ago had when it comes to saving for retirement,” he told the Alliance […]
The Most Splendid Housing Bubbles in America, June Update
Estimated Reading Time: 2 minutes 2nd Overall YoY Price Drop since 2012. Biggest in Seattle, San Francisco, Las Vegas, Phoenix, San Diego, Portland, Dallas… It’s spring selling season, when prices always rise month-to-month, and they did, but it wasn’t enough. It’s still spring selling season when sales volume and prices nearly always rise on […]
How it started … How it’s going: Inflation down in June, but food, housing prices still up under Biden
“The Big Money Show” co-host Brian Bremberg breaks down the latest inflation data and discusses California’s $20 minimum wage hike. President Biden Though prices remain uncomfortably high for millions of Americans, the U.S. government celebrated a victory on Thursday after inflation fell to its first decrease in four years. The U.S. Department of Labor said […]
Ohio city facing ‘significant’ housing crisis due to migrant influx
Large numbers of people are in or living in the U.S. illegally, including in areas far from the border such as Ohio, exacerbating the housing crisis. Springfield Mayor Brian Heck sent an urgent letter to Sens. Tim Scott (R-Lausanne) and Sherrod Brown (D-Ohio) pleading for federal aid after the city’s resources were stretched by the […]
ROOKE: Top Real Estate Consultant Warns There’s A Housing Bubble About To Pop On American Soil
Current analysis of the U.S. housing market from leading real estate consultants is bleak. Nick GerliHe is the CEO of Reventure Consulting. Reventure Appargues that “the South is experiencing a massive housing bubble that’s about to burst,” including hot homebuilding states like Texas, Florida, and Tennessee. His analysis shows that the last time Americans saw […]
Biden admin rebuffs lawmakers’ claims new energy standards will exacerbate ‘dream-killing’ housing costs
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NYC hotels housing migrants get taxpayer funded windfall: Report
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Netflix real estate expert urges buyers in new direction that could ‘disrupt’ entire housing market
When Ross Geller yells “Pivot!” With mortgage interest rates hovering around 7%, limited housing inventory and rising home prices, prospective buyers are facing a tough situation. But one celebrity real estate expert and rising star of Netflix’s exclusive New York City-set real estate reality show, Owning Manhattan, hosted by real estate luminary Ryan Serhant, is […]