Tag: housing
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Hispanic Homeownership Rate Increases for Fifth Consecutive Year in 2019
The National Association of Hispanic Real Estate Professionals (NAHREP) released The 2019 State of Hispanic Homeownership Report®, the tenth installment of their annual report, which synthesizes data and research of a broad cross-section within and outside of the housing industry. The purpose of the report is “to evaluate how the U.S. Hispanic population is faring…
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HUD Proposes Rule Affecting Housing Discrimination Lawsuits – Comments Due Oct. 18th
The Department of Housing and Urban Development (HUD) introduced a proposal that will affect the 2013 Disparate Impact rule, which created uniform standards for the application of disparate impact, referring to policy that has discriminatory effects despite the intention of the policymakers. In brief, the new rule will place the burden of proof onto the…
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Least & Most Challenging Markets for First-Time Homebuyers
Recent data by Zillow reveals that first-time homebuyers make up 46 percent of all homebuyers in the nation. They face greater challenges than those who have previously purchased homes as they are more likely to surpass their budget. Zillow makes it easier for those looking to find an affordable first home by listing the least…
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Boulder, CO: Best Housing Market for Growth & Stability
Homebuyers should think about buying their first home in Boulder, CO, as it is ranked the best housing market for growth and stability by a recent Smart Asset report. According to their findings, the odds of a major drop in home prices are 0 percent in the city, while properties have increased 268 percent in…
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California’s Cooling Housing Market: Symptom of National Affordability Issue
The latest UCLA Anderson Forecast of California’s economic and housing market reports that housing will continue to cool into the year 2020 despite current job growth and strong economy. The economists attribute the weakening to falling home prices in major markets and decreased demand. Economists anticipate the demand for housing will decrease in California’s major…
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Kaiser Permanente Finds Homes for 250 Aging Homeless
In January of last year, Kaiser Permanente and Oakland-based Bay Area Community Services (BACS) partnered to find homes for 515 aging homeless residing in their hometown in order to tackle the Bay Area’s homeless problem. This month, Kaiser and BACS announced that they have found homes for 250 aging homeless, about half of their projected…
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HUD Sues Facebook for Violating Fair Housing Act
The Department of Housing and Urban Development (HUD) is suing Facebook for violating the Fair Housing Act by “encouraging, enabling and causing housing discrimination” when it allows companies to use their platform to shield who can see certain housing ads.
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Housing Starts at Lowest in More Than Two Years
According to a report by the U.S. Department of Commerce, the number of homes that were being built as of December 2018 was at its lowest level in the more than two years. The decrease in housing starts during this period indicates that developers are anticipating fewer new houses that will be sold this year.…
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Congress Introduces Bill to Reinstate Dodd-Frank Reform Measures
In 2018, Congress passed a bill that rolled back reform measures under the Dodd-Frank Wall Street Reform and Consumer Protection Act that required banks and credit unions to report loan characteristics. The measures required lenders to submit reports for 25 or more mortgages and 100 or more home equity loans made per year. The bill…
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U.S. Metro Cities Investing the Most in New Housing
Increased demand for new housing in a specific geographic area can be an indicator of job growth and a prospering economy, while a halt in demand in new housing might signify an economic slowdown. Using data from the U.S. Census Bureau Building Permit Survey, researchers from Construction Coverage identified the metropolitan areas in the nation…