Mortgage lending took a huge dip in Q4, but there’s hope for spring housing: report
Housing supply is improving as the spring home buying season approaches. (iStock) Mortgage lending continued to decline significantly in the fourth quarter of 2023, but recent reports indicate that things are starting to turn around. According to the newspaper, soaring house prices, soaring borrowing costs and weak housing supply have pushed lending rates to their […]
Atlanta property owner says squatters hindering his ability to build affordable housing units
An Atlanta property owner says a group of squatters is blocking his efforts to build affordable housing on a nine-acre site. David Morris said he is having trouble removing the group from his property after the city issued a moratorium on evictions. “We won’t build until all the tenants are out,” Morris said. Fox 5 […]
AOC, progressives revive $234 billion ‘Green New Deal’ for housing, targeting gas stoves and CO2
It’s green in more ways than one. Rep. Alexandria Ocasio-Cortez and a group of progressive lawmakers on Thursday reinstated the Green New Deal for public housing legislation. The law aims to reduce carbon emissions by building more public housing and targeting things like gas stoves. “We have to get back to the era of rebuilding […]
Ocasio Cortez, Sanders relaunch Green New Deal for housing
Rep. Alexandria Ocasio-Cortez (D-N.Y.) and Sen. Bernie Sanders (R-Vt.) on Thursday launched a housing project to draw attention and resources to building affordable housing and combating climate change. reintroduced the Green New Deal. The bill would invest up to $234 billion over 10 years to upgrade the public housing stock to be more energy efficient […]
White House targets local zoning restrictions in push to address rising housing costs
In the president’s annual economic report Thursday, the White House focused on local zoning regulations that play a role in driving home price growth. The White House Council of Economic Advisers has argued that these zoning rules are a major cause of the housing shortage and suggested the federal government could play a role in […]
FHA raises loan limits for manufactured housing for the first time in 15 years
The loan limit changes are part of the Biden administration’s push to create access to more affordable housing. (iStock) The Federal Housing Administration (FHA) increased the loan limits for the Title I manufactured home loan program in an effort to enable the supply of affordable housing. The FHA said the increases better reflect today’s market […]
AOC resurrects ‘Green New Deal’ moniker for public housing bill
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Biden to call on Congress to pass budget with $258B in housing investments
While in Nevada on Tuesday, President Biden will ask Congress to pass a budget that includes $258 billion in housing investments. The president is scheduled to speak in Las Vegas, where he will introduce a plan that includes the Mortgage Relief Credit, which would give middle-class first-time homebuyers a $10,000 tax credit over two years, […]
Gen Z movers are heading to warmer climates, willing to pay higher housing costs: Zillow
Some Gen Zers are taking advantage of low housing prices in states like Florida and Texas. (iStock) Gen Z migration habits show preference for warmer states, even if moving there means paying higher rent, Zillow report showed that. The three states with the largest influx of Gen Z in 2022 were Texas, California, and Florida. […]
Arizona city to allow workers to sleep in their cars as it grapples with housing costs
Residents are outraged after an Arizona city approved a program that would allow homeless workers to sleep in their cars as housing prices soar, according to reports. The Sedona City Council approved the Safe Places to Park program this week by a 6-1 vote. The program includes 40 designated parking spots for full-time employees within […]