NYC Council wants to Eric Adams to court in bitter feud over housing voucher reforms
The New York City Council hopes to take its bitter feud with Mayor Eric Adams over housing vouchers to court, the latest clash in a volatile power struggle with Mr. Hizuner. Lawmakers on Wednesday asked to join a class action lawsuit aimed at forcing the mayor to comply with controversial housing reforms that the administration […]
Eric Adams reverses course on migrant housing in luxury apts
New York City Mayor Eric Adams’ policy on housing for undocumented immigrants comes after multiple confrontational meetings with residents of Harlem, New York, who were upset that immigrants were being offered luxury accommodations. was changed by the city government. Dozens of people attended a community forum at the church to voice their dissatisfaction with the […]
MD Gov. Moore endorses bills aiming to mitigate housing crisis
Maryland Gov. Wes Moore testified Tuesday that he supports measures aimed at making housing more affordable and protecting renters, some of the governor’s top priorities this legislative session. Moore, a Democrat, told lawmakers the state is facing a “true housing crisis” largely due to a lack of housing supply. Not only is that hurting Maryland’s […]
Existing housing supply builds as homeowners with sub 6% mortgage rates return
Lower mortgage rates are helping to build much-needed housing supply. (iStock) Mortgage rates are expected to fall faster than initially expected, which could help build much-needed housing supply. However, recent reports suggest that some homeowners have already sold. The percentage of mortgages with interest rates below 6% has fallen to 88.5% from a record high […]
2 dead in fire at Long Island senior housing complex
Two women were killed Sunday when a fire broke out at a senior housing complex on Long Island, police said. A 10-unit building fire at the Jesse Harmon Shepherd Hill complex in Plainview killed Teresa Casale, 84, and Lynn Citron, 74, in their apartment, Nassau County police said. Firefighters found him dead at the hospital […]
Housing starts unexpectedly plummet to lowest level in five months
National Association of Home Builders CEO Jim Tobin provides expert analysis of the U.S. housing market as demand falls due to rising interest rates. U.S. new home construction fell to a five-month low in January, highlighting the continued challenges facing the housing market. Housing starts Sales fell 14.8% last month to 1.33 million units for […]
Blame the baby boomers for the housing shortage, Redfin says
National Association of Home Builders CEO Jim Tobin provides expert analysis of the U.S. housing market as demand falls due to rising interest rates. Struggling to find a home for sale? Older Americans may be to blame, according to a new report. Survey results published by real estate brokers redfin show The baby boomer generation, […]
New Mexico governor and state legislature gun control housing, no paid leave
The Democratic-led New Mexico State Legislature will tackle issues such as public safety reform, gun control, housing construction and leveraging incentives to create new solutions to climate change, as lawmakers conclude their 30-day annual session on Thursday. Some of the governor’s key priorities were realized. . Lujan Grisham has banned some guns at polling places, […]
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 […]