Georgia Institute of Technology: A before/after study of new affordable housing found that it didn’t harm nearby home values – and in some cases, it raised them. ATLANTA – A new study from Georgia Tech’s School of Public Policy debunks a common belief about the impact of affordable housing on neighborhood property values. The researchers, led by Assistant Professor Brian Y. An, found that...
Two Fla. agencies will receive $425K each – one in C. Fla., one in the Palm Beaches – for fair housing testing and enforcement to eliminate discriminatory practices. WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) is allocating $24,195,749.33 from its $56 million fiscal year (FY) 2023 budget to support 57 fair housing organizations across the nation through the Fair...
The median U.S. asking rent in July was $2,038, just $16 below the record high set in August 2022. But that asking rent was up just 0.3% from a year earlier in July. SEATTLE – The median U.S. asking rent in July was $2,038, just $16 below the record high set in August 2022. That’s according to a new report from Redfin. While rents are just shy of their all-time high, rent growth remains...
ATTOM: In second quarter 2023, 49% of U.S. mortgaged residential properties were considered equity-rich – the highest point in at least four years. CHARLOTTE, N.C. – ATTOM has released its second-quarter 2023 U.S. Home Equity and Underwater Report, which shows that 49% of mortgaged residential properties in the United States were considered equity-rich in the second quarter, meaning that the...
U.S. companies plan for over $100B in solar projects and are considering large tracts of timber land as well as the rooftops of malls and other commercial buildings. NEW YORK – In the year since the 2022 climate bill became law, U.S. companies have announced plans for more than $100 billion in solar domestic projects. Small-scale installations, often on rooftops, account for about a third of U.S....
LOS ANGELES (AP) – The average long-term U.S. mortgage rate fell again this week but remains near the 22-year high it hit three weeks ago, offering little relief for house hunters facing persistently high prices and a near-historic low number of homes for sale. Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan fell to 7.12% from 7.18%...
An analysis of 2021 tax data shows even high-earning millennials are increasingly attracted to low-cost locales. Where are they going? Florida tops the list. CONYERS, Ga. – They’re young, they’ve got money, and they’re on the move. A recent analysis by SmartAsset, which examined IRS data from 2021, found that New York and California lost the most residents aged...
Sellers stopped selling and some buyers stopped buying, but demand still outweighs supply. The result: Declining sales prices may have bottomed out in early summer. NEW YORK – After falling on a year-over-year basis for five consecutive months, U.S. home prices increased in July. The recovery suggests that the residential real-estate downturn is turning out to be shorter and shallower than many...
Aug. report: Rather than lower monthly rents that remain within $2 of their all-time high, more landlords are offering perks, such as a free month or two. SEATTLE – The median U.S. asking rent in August was $2,052, just $2 below the record high set a year earlier, according to a Redfin report. It’s up slightly (0.7%) month-to-month; in July, the typical asking rent was $2,038. In some...
If more workers are called back to the office, would the housing inventory improve? Still, top reasons remain family, more space and/or a lower cost of living. SEATTLE – Return-to-work policies are starting to have a measurable impact on sellers’ reasons for listing their home, with a recent study finding it a top reason for one in every 10 (10.1%) listings. While returning to the office...