Starting to Be Housing Bust 2 for Homebuilders & New Single-Family Houses
Estimated Reading Time: 2 minutes To get rid of ballooning inventories amid spiking cancellations & plunging sales, builders try to sell to rental operations, but they pulled back too. If a homebuilder cannot sell their ballooning inventory of unsold new houses to households, at current prices and mortgage rates, amid plunging sales and soaring cancellation rates of […]
Maine: First-Ever ‘LGBTQ Affordable Housing’ Project Set To Commence, Opens In Spring 2026
Portland, Maine. (Photo by Scott Eisen/Getty Images) OAN’s Brooke MalloryFriday, June 14, 2024, 5:15 p.m. Plans are underway to build Maine’s first LGBTQ+ affordable housing complex. advertisement The Equality Community Center in Portland, Maine has been years in the making, spearheading a project to create the first mixed-use facility in the heart of downtown. “To […]
STEPHEN MOORE: Biden’s Housing Scheme Could Ignite A Mortgage Crisis We Have Not Seen In 17 Years
Politicians in Washington, D.C., have very short memories, so they repeat the same mistakes over and over. It was only 17 years ago that the “subprime” mortgage crisis torpedoed the economy and sent the financial markets into the biggest tailspin since the Great Depression. Millions of Americans lost their jobs. One of the matches that lit that bonfire […]
The Rise of Build-to-Rent Communities: A solution to America’s housing crisis?
High mortgage interest rates and a limited housing supply mean more than half of Americans can’t afford to buy a home, prompting some developers to offer a solution to the problem by building profitable rental housing. While many Americans wait for a potential relief for the housing market, some real estate developers are taking advantage […]
NYC public housing residents, posh prep school kids spark playground war — with tensions going into full swing
A concrete jungle gym war has broken out on the Upper West Side. Tensions have reached a boiling point at the playground on West 90th Street between Amsterdam and Columbus avenues, as apartment complex residents fight to keep private school families, including students from the upscale, $64,000-a-year tuition-paying Trinity School, out of the newly renovated […]
Biden’s Mass Migration is Skyrocketing Rents, Housing Costs for Americans
Former President Donald Trump said President Joe Biden’s administration has seen a record influx of illegal immigrants into the United States, causing rent and housing costs to skyrocket for Americans. In a speech in Phoenix, Arizona, on Thursday evening, Trump focused on the Biden administration’s plans to turn the U.S.-Mexico border into European-style checkpoints, allowing […]
‘Suits’ star Wendell Pierce claims he was denied housing in Harlem over race: ‘Vile and despicable’
Hollywood actor Wendell Pierce claims his application to rent an apartment in Harlem was rejected because of his race. The star, who played Robert, the father of Meghan Markle’s Rachel Zane in the hit legal drama series “Suits,” said he was denied housing despite having a steady income from several high-profile acting jobs. “For those […]
The Most Splendid Housing Bubbles in America (April, 2024 Update)
New Highs in Miami, Los Angeles, San Diego, Boston, Chicago… The S&P CoreLogic Case-Shiller Home Price Index, released today and dubbed “March,” is a three-month moving average of home prices whose sales were entered into public records in January, February, and March. So that’s the time-frame we’re looking at here. It reflects Rate-Cut Mania that commenced in […]
Corporate Media on Soaring Housing Costs: Don’t Mention Mass Migration!
President Joe Biden has imposed a huge immigration tax on young Americans’ housing costs, but his docile media allies are hiding the evidence. “Housing shortages, inflation and high interest rates are squeezing renters across the country and crowding out would-be homebuyers.” The Washington Postt told the reader May 28th, “Rising rents and home prices could […]
14yo fatally shot at NYC housing project
A 14-year-old boy was shot and killed at a Brooklyn public housing project Sunday morning, police said. The victim, whose identity has not been released, was found with a gunshot wound to the chest after officers responded to a 911 call just before 10:30 a.m. at Howard Houses in Brownsville, according to the NYPD. Police […]