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 […]
NYC migrant crisis: Illegal immigrants housing bust, Mayor calls ‘doom city’ | LiveNOW from FOX
FOX 5 reports two illegal NYC migrant shelters housing dozens of illegal people were caught by NYPD in the span of two days. source
Realtor settlement could bring ‘seismic shift’ to housing market
A major settlement reached Friday between the National Association of Realtors (NAR) and home sellers could bring significant changes to the real estate industry. The impact of the $418 million settlement on the U.S. housing market is not yet clear. Still, the NAR’s agreement, which eliminates long-standing rules governing brokerage fees, will reduce a significant […]
Inflation rises as gas prices and housing costs tick up, leaving Americans concerned
Both the gasoline index and the housing index rose in February. (iStock) Inflation is rising again, mainly due to rising gas prices and housing costs. for the past 12 months, consumer price index The U.S. Bureau of Labor Statistics reported that the consumer price index (CPI) for all items increased by 3.2%. This was a […]