Voters embraced affordable housing initiatives. Advocates say Congress should do the same.
Voters in Colorado approved a statewide affordable housing initiative in November, while voters in nine cities across the country OK’d measures to finance the construction of affordable housing, preserve existing rental properties and support renters. But as housing costs soar, analysts and advocates say more needs to be done and argue that federal action is […]
The nation’s vacant homes present an opportunity — and a problem
With construction costs for new homes and interest rates soaring, vacant housing is drawing more attention as a shortcut to quickly getting more units on the market. But whether vacant homes are a curse or an opportunity depends on where you live. As housing affordability plummets and rents rise, putting more families with low incomes at risk […]
Congress knows how to slash child poverty. It just needs to do it.
If you could prevent millions of children from falling back into poverty, would you? Most of us, I imagine, would answer “yes” without hesitation. But not Congress. For nearly a year, lawmakers in Washington, D.C., have dithered as the policy directly responsible for a dramatic decline in poverty last year lapsed. It’s time for Congress […]
Real estate tech company faces scrutiny over alleged collusion with landlords on rent
A Texas-based real estate tech company is facing a new barrage of questions about whether its software is helping landlords coordinate rental pricing in violation of antitrust laws. Seventeen Democratic members of the U.S. House of Representatives sent a letter Monday to the Department of Justice and the Federal Trade Commission asking the agencies to […]
4 takeaways on housing ahead of inflation report
Housing costs, including rental prices, are on the path to stabilizing but evidence of this won’t show up in inflation measures anytime soon, economists say. The latest Consumer Price Index numbers, which are used to measure inflation, come out on Thursday morning. But the survey used to measure shelter, a large component of inflation, lags […]
Home ownership and the “American Dream” are crushed by Real Estate Investment Trusts
A big economic division between renters and homeowners is apparent when looking at net worth: For homeowners, the median net worth of $231,400 is about 44 times the median net worth of renters, which is $5,200. Dr. Ken Chilton of Tennessee State University has studied the impact of Real Estate Investment Trusts on the housing […]