Americans shacking up with exes during ongoing housing crisis
Amid the ongoing housing crisis, Americans are choosing to live with their ex-partners, a move experts say can be emotionally taxing despite the potential financial benefits. It is pointed out that there is. “Rising housing costs are driving more couples to cohabit, even though the romantic spark in marriage has died down,” real estate broker […]
Mortgage rates climb again as high housing costs persist
Conference Board Chief Economist Dana Peterson says in Making Money that the LEI is great for the commodity economy. Mortgage rates rose again this week as housing inflation continues to rise, adding further illumination for weary would-be buyers and sellers. Freddie Mac’s latest primary mortgage market study, released Thursday, found that the average benchmark interest […]
Anti-housing Democrats want NYC housing crisis to go on forever
Thanks to Empire State progressives, New York City can no longer even be New York City. As Governor Hochul, supported by Mayor Adams, reiterates his 100% right call for the state Legislature to reconsider the 1961 law that severely restricts new housing construction in the city. be A postmortem revealed that thanks to this law, […]
California fights for federal tax dollars to cover $300M it spent on COVID-era housing program
California could be forced to pay at least $300 million it spent on coronavirus-era housing programs after the Federal Emergency Management Agency capped reimbursements in a “retroactive” rule change. announced. new york post report. In March 2020, California Democratic Governor Gavin Newsom instituted Project Room Key, a program to house homeless people in vacant hotel […]
Investors bought record share of low-priced housing in fourth quarter: Report
Investors bought more than a quarter of affordable homes in the fourth quarter of 2023, as mortgage rates and home prices remained well above pre-pandemic baselines. Investors bought 26.1% of affordable homes in the U.S. in the fourth quarter, a record high, according to real estate data firm Redfin. The company defines affordable housing as […]
Michael Gove says no-fault evictions will be banned this year | Housing
Michael Gove has separately warned that democracy is under threat if young people are excluded from owning their own homes in the future, and has vowed that no-fault evictions will be banned this year. Ministers have come under fire in recent days from campaigners who say the bill to abolish Britain’s so-called Section 21 evictions, […]
Housing demand stalls out as mortgage rates march higher
FOX Business Correspondent Madison Alworth explains how high mortgage rates and “Barney & Co.” home prices are delaying the American dream for many first-time homebuyers. Last week, demand for housing ground to a halt as mortgage rates neared 7%, locking many potential buyers out of the market ahead of the crucial spring season. Mortgage Bankers […]
70 NYC Housing Authority Workers Accused of Kickback Schemes, Bribery
Law enforcement arrested a large group of New York City Housing Authority (NYCHA) employees and contractors on Tuesday in connection with a corruption case. Prosecutors say city and federal authorities created the case. arrest The case is one of the largest roundups in Justice Department history, NBC New York reported. “As we allege, the 70 […]
‘Line Their Own Pockets’: 70 Employees Indicted In Historic New York City Public Housing Corruption Case
The Department of Justice (DOJ) announced Tuesday that it has indicted 70 current and former New York City Housing Authority (NYCHA) employees on corruption-related charges. The 70 federal bribery indictments are the most brought in a single day in Justice Department history, and the department arrested 66 of the defendants in four states Tuesday morning. […]
This is the #1 city for first-time homebuyers, and other hot US housing markets
Toledo, Ohio has emerged as the top metro area for first-time owners. (iStock) The housing market has its ups and downs, and first-time buyers are feeling the effects, too. But homebuyers in tight housing markets have other options, as some cities in the U.S. have stronger markets than others. According to a recent report from […]