On Our Radar

CNN, June 23, 2024, Renters Are Struggling More Than Homeowners In America’s Tough Housing Market, Report Says Homeowners in America aren’t the only ones struggling with an unaffordable housing market. Renters are also bearing the brunt. A report from Harvard University’s Joint Center for Housing Studies released last week showed that both homeowners and renters in recent […]

NPR, June 22, 2024, Home Prices Just Hit A Record High. Here Are 4 Things To Know About Housing It’s a tough time to buy a home. Home prices jumped to a record high last month, according to data out this week. Elevated mortgage rates kept many would-be buyers and sellers on the sidelines —

Wilkes Journal-Patriot, June 19, 2024, Vaya Celebrates First 100 Impacted By Program Last month, Vaya joined organizations across North Carolina in announcing the statewide launch of the Healthy Opportunities Pilot (HOP) Program. A little over a month since the start of the program, Vaya hit a milestone — more than 100 members enrolled and approved

Gothamist, June 24, 2024, ER Visits Plummet At Housing Program For Vulnerable New Yorkers After Nurses Are Hired In 2015, a nonprofit that helps house hundreds of New Yorkers who have a mental illness or are homeless began hiring nurses to handle non-emergency and preventative care. As a result, avoidable visits to hospital emergency rooms

The New York Times, June 24, 2024, Fearing Losses, Banks Are Quietly Dumping Real Estate Loans Some Wall Street banks, worried that landlords of vacant and struggling office buildings won’t be able to pay off their mortgages, have begun offloading their portfolios of commercial real estate loans hoping to cut their losses. It’s an early

The Hill, June 24, 2024, As Millions Struggle With Home Prices, Housing Becomes A Top Issue For Voters Melissa Williams says she did everything right. She has a college degree, a decent income working in accounting and no debt. Williams, who’s 38, expected to be a homeowner by now. But when she started looking at houses

Gothamist, June 24, 2024, New York Warns Insurers To Stop Discriminating Against Renters With Housing Aid New York state’s insurance regulator is warning companies that they can’t deny coverage to property owners because they rent to low-income tenants or residents with government housing subsidies. The state’s Department of Financial Services began sending letters today to

Rise Economy, June 12, 2024, Photo Essay: The High Cost Of Bank Branch Closures A well-worn and frayed couch sits alone in an overgrown lot, a few feet away from a fallen chain-link fence. In the background, is a large and vacant house. In a nearby neighborhood, a homeless population builds a community in front

CFPB, June 18, 2024, CFPB Takes Action Against Repeat Offender Freedom Mortgage Corporation for Violating Law Enforcement Order and for Housing Data Errors The Consumer Financial Protection Bureau (CFPB) today filed a proposed order that would require Freedom Mortgage Corporation to pay a $3.95 million penalty for submitting error-riddled mortgage loan data to federal regulators. In October

AP News, June 26, 2024, States Fail To Track Abuses In Foster Care Facilities Housing Thousands Of Children, US Says Many states are failing to track how frequently children in foster care facilities are abused, sexually assaulted or improperly restrained, leaving them vulnerable to mistreatment, the U.S. Health and Human Services Office of Inspector General said in

Microsoft Start, June 9, 2024, Richmond Association Of Realtors Speaks On Racial Bias Housing Report Housing experts are weighing in after a recent report from a local nonprofit shows how years of racial bias has left Black neighborhoods and families at a disadvantage. Richmond Association of Realtors Executive Director Laura Lafayette said teaching people how to properly

USA Today, June 26, 2024, These Cities Have ‘Impossibly Unaffordable’ Housing, Report Finds Across the globe, people living in major cities are struggling to find affordable housing options. A recent report from Chapman University and the Frontier Centre for Public Policy in Canada identified which cities are “impossibly unaffordable” for the average resident. Researchers analyzed the average

SFGATE, June 26, 2024, Costco’s Bold New Plan For The California Housing Crisis Costco, the international bulk grocery chain known for its warehouse looks and difficult-to-beat deals, is hard at work on what could be considered its biggest new product launch in years: affordable housing. An approved upcoming Costco location in South Los Angeles (the Baldwin Village/Crenshaw

AP News, June 26, 2024, Judge Puts $30 Billion Visa, Mastercard Settlement On Hold, In Signal Of Likely Rejection A federal judge said she’s not likely to approve the $30 billion settlement between the payment processing giants Visa and Mastercard and the merchants who say they’ve overpaid on swipe fees. Visa and Mastercard reached a

The Wall Street Journal, June 28, 2024, America’s Frozen Housing Market Is Warping The Economy If you locked in a dirt-cheap mortgage when interest rates were low, congratulations for being one of the winners in America’s skewed housing market. Renters, realtors and recruiters are among those getting the raw end of the deal. High interest