Tag: affordable housing
-

What is the Future of U.S. Housing?
It is no secret that foreign buying activity in American real estate has been vigorous in recent years, with billions of foreign dollars rushing into the market. The diversification and protection of wealth is a major factor in these purchases, driven by calculated investment decisions and often coerced by unpredictable economies overseas. The National Association…
-

How Does #Brexit Affect U.S. Housing?
Yesterday, in a historic decision, British voters decided to secede from the European Union (EU). This verdict profoundly affects Britain, from restricted borders to stringent trading policies, and their leave will undoubtedly extend its reach to the rest of the world.
-

What To Do about the Turbulent Housing Market?
Homeownership rates are down, renters are increasing and home inventory is on the decline, this and more troubling truths for the American rental market are revealed in Harvard University’s Joint Center for Housing Studies State of the Nation’s Housing report.
-

Helping Hand for Homebuyers with Bad Credit
A newly introduced bill could significantly alter the way Americans’ credit data is stored, reported and utilized by credit reporting agencies. Yesterday, Representative Maxine Waters, D-CA, introduced the “Comprehensive Consumer Credit Reporting Reform Act of 2016” which aims to transform the American credit reporting system in an attempt to make it “fairer, more accurate, and…
-

The Women of Los Angeles
United Way of Greater Los Angeles (UWGLA) recently released their 2016 report, The State of Women in Los Angeles County, celebrating the successes of LA’s women while bringing attention to the obstacles the face. UWGLA President and CEO, Elise Buik, affirms in the study’s introduction, “We take for granted that the progress we’ve made is…
-

Homeownership Rising in the U.S.
After increasing in the third quarter for the first time in two years (from a 48-year low), American homeownership rose for a second consecutive quarter from 63.7 percent to 63.8, the Census Bureau announced Thursday. Fueled by job growth and flexible lending, these successive increases, albeit minuscule, are welcome news after a span of incessant…
-

The Struggle with Housing Affordability
The theme for the 2016 housing market is “the challenge of housing affordability coupled with expected modest economic growth,” according to a recent report from Fannie Mae’s Economic and Strategic Research (ESR) Group. The research group asserts that continued labor market demand will result in higher wages and job security in the coming year, and…
-

Homes for the Homeless
According to the U.S. Census Bureau, out of the 37,323,127 people surveyed, 6,115,244 live under the poverty level in California. Out of these, about 116,000 are homeless and 60 percent of them live on the streets; it is heart wrenching to see the overwhelming numbers.
-

The American Rental Market
Did you know that there are 43 million people in the U.S. who live in rental properties? According to America’s Rental Housing: Expanding Options for Diverse and Growing Demand, a study by the Joint Center for Housing Studies of Harvard University, the number of renters has increased by 9 million since 2005; we have not seen…
-

Cities with the Most Competitive Homebuyers
This week, Redfin released their ranking of the most competitive neighborhoods for buying homes in 2015 and the cities on the list come as no surprise. Four cities—Boston, Seattle, Denver and Portland—boast of such healthy housing markets, bolstered in no small manner by their thriving tech scenes, that they are home to the top 30…