Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $4,731
5%  
Woo hoo!! And the first 5% is in!! Thank you all very much!!

Keyword: housing

Brevity: Headers | « Text »
  • The Supreme Court says housing lawsuits charging discrimination no longer need proof

    06/28/2015 2:09:45 PM PDT · by E. Pluribus Unum · 45 replies
    The Washington Times ^ | June 28, 2015 | Robert Knight
    Remember when Barney Frank insisted in 2003 that “Fannie Mae and Freddie Mac are not in a crisis,” and “I want to roll the dice a little bit more in this situation toward subsidized housing?”As chairman of the powerful House Financial Services Committee, former Rep. Frank, Massachusetts Democrat, helped defeat Bush administration proposals to rein in the two federal loan giants. The housing market crashed in 2008 on thousands of bad subprime home loans, triggering the Great Recession, from which this nation still has not recovered.Well, it’s time to roll the dice again. According to the 5-4 majority opinion at...
  • Shockingly, Americans not big on government enforced neighborhood diversity

    06/27/2015 8:52:08 AM PDT · by C19fan · 42 replies
    HotAir ^ | June 27, 2015 | Jazz Shaw
    A while back we discussed a proposed plan which Housing and Urban Development (HUD) was preparing to roll out. The goal was apparently to use public funds to impose a bit more “diversity” on neighborhoods by improving lower income neighborhood properties while mandating more low cost, public housing in wealthier areas. The response around here was, shall we say, less than enthusiastic, but hey… this is just one small corner of the interwebs, right? Perhaps the rest of the nation sees this as a wonderful opportunity and an idea whose time has come round at last. Let’s check in with...
  • Finnish startup Fimatec unveils concept for ready-built 3D printed walls for modular apartments

    06/26/2015 11:32:58 AM PDT · by 2ndDivisionVet
    3Ders.org ^ | June 24, 2015 | "Simon"
    While there are currently many developments being made across the entire additive manufacturing industry, among others that have been standing out as of late have consisted of 3D printing applications that are of either very large scale or very small scale applications. So far, the smaller applications have mainly consisted of research into nanoscale 3D printing for purposes such as biomedical engineering applications including cell scaffolding while the larger applications have been focused on creating architectural structures such as those that can be created in any geographical area using found materials. Needless to say, the developments surrounding these scaled applications...
  • Clarence Thomas attacked his colleagues for saving a law aimed at desegregating America

    06/25/2015 9:44:03 AM PDT · by SeekAndFind · 35 replies
    Business Insider ^ | 06/25/2015 | Erin Fuchs
    The Supreme Court saved a law Thursday aimed at preventing housing discrimination, and Justice Clarence Thomas wrote a scathing dissent calling out his liberal colleagues for their "audacity." In a 5-4 decision on Thursday, the Supreme Court's majority found that the Fair Housing Act (FHA) prevents housing practices that unfairly impact minorities even if those practices are not intentionally discriminatory. Many cases brought under the FHA involve so-called disparate-impact claims, so a ruling against fair-housing advocates would have seriously hobbled the law. Thomas — the court's only African-American justice — wrote a separate dissent questioning the notion that the government...
  • Supreme Court upholds key tool for fighting housing bias

    06/25/2015 8:09:21 AM PDT · by GIdget2004 · 69 replies
    Washington Post ^ | 06/25/2015 | AP
    The Supreme Court handed a major victory to the Obama administration and civil rights groups on Thursday when it upheld a key tool used for more than four decades to fight housing discrimination. The justices ruled 5-4 that federal housing laws prohibit seemingly neutral practices that harm minorities, even without proof of intentional discrimination. The case involved an appeal from Texas officials accused of violating the Fair Housing Act by awarding federal tax credits in a way that kept low-income housing out of white neighborhoods. Justice Anthony Kennedy, often a swing vote, joined the court’s four liberal members in upholding...
  • The mad war to house the poor in America's suburbs

    06/22/2015 3:35:19 PM PDT · by SeekAndFind · 39 replies
    New York Post ^ | 06/22/2015 | Betsy McCaughey
    An African-American millionaire can buy a home in any expensive suburb. Color is no longer a barrier. Despite this progress, President Obama’s Department of Housing and Urban Development is accusing expensive towns of racism, simply because most minorities can’t afford to live there. Westchester County has struggled under a federal monitor since 2009 to compel the county to build multi-unit affordable housing in the county’s most expensive areas. Hillary Clinton claims to be a warrior against inequality. But her adopted hometown of Chappaqua is battling HUD’s demands — and that means it’s fighting the man believed to top Hillary’s veep...
  • The New American Dream Under Obama: Renting

    06/22/2015 4:27:32 AM PDT · by SeekAndFind · 24 replies
    IBD ^ | 06/21/2015
    The heavy federal hand in the housing market has been a disaster. Despite spending more than $13,000 for every household, Washington has record low homeownership to show for it, even among the middle class. In fact, a just-released report by Harvard's Joint Center for Housing Studies not only finds more middle-class families renting but many also struggling to make rent, as homeownership rates plunge lower than ever. This is as shocking as it is depressing. It used to be that the middle class owned homes. Now it's increasingly feeling "the strain of rising rents," the reports says, as foreclosures and...
  • HUD War Against the Suburbs

    06/18/2015 10:03:05 AM PDT · by Fay
    GOPUSA ^ | June 17, 2015 | Betsy McCaughey
    Politically correct propaganda has invaded our collective conscious with terms that somehow make what was once thought of as abnormal now seem normal. Along with this new jargon comes a new rationale that is irrational to many who persist in living in the real world. Unfortunately, often the realists have remained silent – indifferent to or intimidated by the name-calling of those claiming to be tolerant. And so the topsy-turvy world that once was America has now become a land where free speech is only afforded to those with loud voices who have a national platform and embrace liberal ideologies....
  • Many low-income Americans can’t even afford to rent

    06/18/2015 4:31:18 AM PDT · by 2ndDivisionVet · 50 replies
    MarketWatch ^ | June 16, 2015 | Quentin Fottrell, personal finance reporter
    The poorest Americans, who can’t afford to buy property, are increasingly priced out of rentals. There were only 28 adequate and available to rent homes for every 100 extremely low-income renters in 2013, down from 37 in 2000, according to the Urban Institute, a nonprofit and nonpartisan organization that focuses on social and economic policy. “This gap between supply and demand leaves 72% of the country’s poorest families burdened by the high cost of housing,” it found. Extremely low-income renters are households with incomes at or below 30% of the median income in that region. Not one county in the...
  • The Obama Administration Launches A War On The Suburbs

    06/17/2015 10:49:02 AM PDT · by BradtotheBone · 62 replies
    Investors.Com ^ | 06/16/2015 05:56 PM ET | BETSY MCCAUGHEY
    An African-American millionaire can buy a home in any expensive suburb. Color is no longer a barrier. Despite this progress, President Obama's Department of Housing and Urban Development is accusing expensive towns of racism, simply because most minorities can't afford to live there. Westchester County, N.Y., has struggled since 2009 under a plan by a federal monitor to compel the county to comply with HUD's demands for multiunit affordable housing in expensive areas. Hillary Clinton claims to be a warrior against inequality. But her adopted hometown of Chappaqua, an upscale Westchester village that one resident describes as "a little piece...
  • 6 students who died in Berkeley balcony collapse are identified; inquiry begins

    06/16/2015 4:59:20 PM PDT · by BenLurkin · 40 replies
    Library Gardens served students as well as summer visitors and long-term Berkeley residents. The property was bought in 2007 by New York-based BlackRock properties, an investment firm with more than $4.7 trillion in assets. It then was leased to Virginia-based Greystar, which manages more than 400,000 residences nationwide. Rent for one- and two-bedroom apartments ranges from $2,150 a month to $4,000; in online reviews residents expressed a broad range of opinions about the quality of the property’s management. City Councilmember Jesse Arreguin, who represents the area, said the building was "one of the newer apartment complexes in Berkeley.” He added:...
  • Developers can be required to include affordable housing, California high court rules

    06/15/2015 11:16:52 AM PDT · by Cincinatus' Wife · 64 replies
    Los Angeles Times ^ | June 15, 2015 | Maura Dolan, reporting from San Francisco
    The California Supreme Court decided unanimously Monday that cities and counties may require developers to provide below-market-rate housing as a condition of a building permit...... Monday's decision stemmed from a constitutional challenge of an affordable housing ordinance passed in San Jose five years ago..... The law requires developers building 20 or more housing units to offer 15% at below-market rates or pay into a city fund. .........“The community as a whole should bear the burden of furthering this interest, not merely some segment of the community.”
  • Megyn Kelly Unloads on Obama over Plans to Regulate the Diversity of Neighborhoods

    06/12/2015 5:47:18 PM PDT · by Kaslin · 32 replies
    NewsBusters.org ^ | June 12, 2015 | Curtis Houck
    Fox News’s Megyn Kelly began Thursday’s edition of The Kelly File by ripping into President Barack Obama and plans for the Department of Housing and Urban Development (HUD) to regulate and enforce the diversity of neighborhoods (and particularly wealthy ones). A few hours after the major broadcast networks ignored this story on their evening newscasts, Kelly made clear her disdain with the President and referred to him as “[t]he man who changed your health care system forever” that’s “now pushing to change your neighborhood” and especially “if Uncle Sam feels it is not inclusive enough.”VideoCiting the administration’s line that they’re...
  • Lessons Not Learned: The Push For Easier Home Lending Standards Is Reckless

    06/12/2015 7:06:41 AM PDT · by SeekAndFind · 12 replies
    IBD ^ | 06/12/2015 | Paul Sperry
    In a dangerous deja vu, politicians and lobbyists are pressuring banks to throw open their lending windows for credit-poor people who want to buy homes but may not be able to afford them. Worried about sagging homeownership rates, especially among minorities, the Obama administration seeks to boost homebuying by easing mortgage lending standards — and affordable-housing zealots are egging it on. So are Realtors and brokers hungry for profits. They're all cheering recent moves by Obama regulators to slash down-payment and mortgage insurance requirements for first-time homebuyers at federal agencies that back such mortgages. They also support a plan to...
  • North Texas is the country's hottest rental market right now: Rents rise 4.9%

    06/11/2015 9:59:31 PM PDT · by 2ndDivisionVet · 10 replies
    HousingWire ^ | January 7, 2015 | Brena Swanson
    The North Texas rental market is on fire, with properties springing up, people flocking to the city for corporate relocations and builders working to keep pace with demand. According to an article from WFAA, apartment rent reached an all-time high last year, with rents rising 4.9% in 2014 and the average monthly rent for an apartment in Dallas-Fort Worth surging to $919. "Annual increases above 4% are rare in this market," said Greg Willett, an MPF Research vice president. "Because we're such a construction hot spot, the flow of new product moving through initial lease-up normally holds rent growth below...
  • Is Shared-Equity Housing the Wave of the Future?

    06/11/2015 1:05:36 PM PDT · by Cincinatus' Wife · 28 replies
    Washington Monthly ^ | June 11, 2015 | Martin Longman
    In the new June/July/August issue of the Washington Monthly, freelance journalist Jordan Fraade has a piece on something you may not be familiar with yet. Driven by below normal home ownership in the Millennial generation, some communities are coming up with an interesting incentive called “Shared Equity Housing.” Because Millennials began entering the economy right around the time the economy cratered in 2008, they don’t have the savings typical of people their age. This makes finding a down payment on a house one of the most significant barriers to home ownership. All across the country, particularly in its most expensive...
  • Obama making bid to diversify wealthy neighborhoods

    06/11/2015 7:58:22 AM PDT · by C19fan · 68 replies
    The Hill ^ | June 11, 2015 | Tim Devaney
    The Obama administration is moving forward with regulations designed to help diversify America’s wealthier neighborhoods, drawing fire from critics who decry the proposal as executive overreach in search of an “unrealistic utopia.” A final Department of Housing and Urban Development (HUD) rule due out this month is aimed at ending decades of deep-rooted segregation around the country.
  • Obama making bid to diversify wealthy neighborhoods

    06/11/2015 5:12:49 AM PDT · by Cincinatus' Wife · 131 replies
    The Hill ^ | June 11, 2015 | Tim Devaney
    The Obama administration is moving forward with regulations designed to help diversify America’s wealthier neighborhoods, drawing fire from critics who decry the proposal as executive overreach in search of an “unrealistic utopia.” A final Department of Housing and Urban Development (HUD) rule due out this month is aimed at ending decades of deep-rooted segregation around the country. The regulations would use grant money as an incentive for communities to build affordable housing in more affluent areas while also taking steps to upgrade poorer areas with better schools, parks, libraries, grocery stores and transportation routes as part of a gentrification of...
  • Millennials Have No Hope Of Buying A Home In These 13 US Cities [See map]

    06/08/2015 8:49:28 AM PDT · by SeekAndFind · 36 replies
    Zero Hedge ^ | 06/08/2015 | Tyler Durden
    In “This Is What Happens When A Millennial Tries To Get A Job,” we highlighted 1) high youth unemployment (U-6 at nearly 14%) and 2) the failure of America’s university system to prepare new entrants for the job market, on the way to painting a rather grim picture for America’s newly-minted college graduates. We’ve also been keen to emphasize the fact that the “strong” labor market is anything but, as wage growth is essentially non-existent and upside “surprises” benefit from the now ubiquitous “vanishing worker.” Given this, it’s no surprise that many of America’s best and brightest find themselves serving...
  • The Fed Has Been Horribly Wrong, Deutsche Bank Admits-Dares To Ask If Yellen Planning Housing Crash

    06/01/2015 9:08:14 AM PDT · by tcrlaf · 26 replies
    Zerohedge ^ | 6-1-2015 | Durden
    The reason why Zero Hedge has been steadfast over the past 6 years in its accusation that the Fed is making a mockery of, and destroying not only the very fabric of capital markets (something which Citigroup now openly admits almost every week) but the US economy itself (as Goldman most recently hinted last week when it lowered its long-term "potential GDP" growth of the US by 0.5% to 1.75%), is simple: all along we knew we have been right, and all the career economists, Wall Street weathermen-cum-strategists, and "straight to CNBC" book-talking pundits were wrong. Not to mention the...
  • Academics Fix Another Problem

    06/01/2015 7:58:39 AM PDT · by Academiadotorg · 9 replies
    Accuracy in Academia ^ | May 30, 2015 | Malcolm A. Kline
    How many academics does it take to fix America’s criminal justice system? Twenty. That’s how many participated in a National Research Council (NRC) study of U. S. prisons and their effect on inner cities. They study was conducted under the auspices of the National Academy of Sciences (NAS). “After decades of stability, U.S. federal and state prison populations escalated steadily between 1973 and 2009, growing from about 200,000 people to 1.5 million,” they found. “The increase was driven by changes in policy that imprisoned people for a wider range of offenses and imposed longer sentences.” “Has this greater reliance on...
  • Elizabeth Warren Bought Foreclosed Homes to Make a Quick Profit

    05/27/2015 4:04:52 AM PDT · by markomalley · 45 replies
    National Review ^ | 5/27/15 | Jillian Kay Melchior & Eliana Johnson
    Nearly two years after Veo Vessels died, her daughter, 70-year-old Mary Frances Hickman, decided to sell the home her mother had left to her. A sprawling brick house in Oklahoma City’s historic Highland Park neighborhood, it was built in 1924, just a year after Mary’s birth. Decades later, one of Vessels’ great-grandchildren fondly recalls the wood and tile floors, the fish pond, the butler’s quarters, and the multi-car garage where children played house. “It was really, really nice,” says Hickman’s granddaughter, Andrea Martin. That’s part of the reason she’s so surprised her grandmother sold the home in 1993 for a...
  • Squatters hold California bedroom hostage [Woman cannot remove deadbeats--per California law]

    05/15/2015 6:36:33 AM PDT · by SoFloFreeper · 56 replies
    KPRC-TV ^ | 5/15/15
    Poonam Sandhu rented out the master bedroom of her Watsonville, California home to a couple through Airbnb. Now they refuse to leave or pay rent. Sandhu says she's been forced from her own home by some terrible tenants.
  • Fannie Mae accused of neglecting foreclosed homes in nonwhite communities

    05/13/2015 1:40:44 PM PDT · by Citizen Zed · 24 replies
    Chicago Tribune ^ | 5-13-2015 | Mary Ellen Podmolik
    A national fair housing organization has filed a complaint with the U.S. Department of Housing and Urban Development, charging that Fannie Mae is not properly caring for and marketing foreclosed homes it owns in nonwhite communities. The National Fair Housing Alliance alleges Fannie Mae violated the federal Fair Housing Act in nonwhite, working-class communities in the Chicago area as well as in 33 other metropolitan areas. Nineteen fair housing groups in various cities, including three in the Chicago area, joined the alliance in the complaint against Fannie Mae. "Fannie has more foreclosures in the United States than anybody else," said...
  • Not enough money? Baltimore got $1.8 billion from Obama Stimulus

    05/05/2015 1:40:52 AM PDT · by blueyon · 7 replies
    American Thinker ^ | 5/04/15 | Thomas Lifson
    Last Tuesday, President Obama blamed the GOP-controlled Congress for its failure to fund the “massive investment in urban communities” that could “make a difference.” Well, how does $1.8 billion for the 622,000 people of Baltimore sound? Pretty massive – actually, just about $2900 for every man, woman, child, and baby of the entire City of Baltimore. But that’s the total amount of Obama Stimulus money sent to Charm City, according to an analysis by The Free Beacon:
  • 1 in 4 US renters must use half their pay for housing costs

    05/02/2015 7:18:57 AM PDT · by BJ1 · 13 replies
    Associated Press ^ | 05/01/2015 | JOSH BOAK
    More than one in four U.S. renters have to use at least half their family income to pay for housing and utilities. That's the finding of an analysis of Census data by Enterprise Community Partners, a nonprofit that helps finance affordable housing. The number of such households has jumped 26 percent to 11.25 million since 2007. Since the end of 2010, rental prices have surged at nearly twice the pace of average hourly wages, according to data from the real estate firm Zillow and the Labor Department.
  • Welcome to rent control! 88,000 apply for 55 apartments

    04/21/2015 7:43:24 AM PDT · by SeekAndFind · 18 replies
    American Thinker ^ | 04/21/2015 | NewsMachete
    Eighty-Eight thousand people (so far) have applied for 55 low-rent apartments in a fancy new condominium building on Manhattan's upper west side. The lucky few could get a two bedroom apartment for less than $1100 a month in the West 60's of Manhattan. To get tax breaks, developers of luxury buildings make some units available at below market rent rates, and this is what happened here. But as you can see from the number of applicants, this program will never produce enough low income housing. Rent control is the biggest obstacle to building new affordable housing; that's why nearly...
  • Homeless Millennials Are Transforming Hobo Culture

    04/19/2015 4:40:50 PM PDT · by Libloather · 24 replies
    Newsweek via MSN ^ | 4/19/15 | Betsy Isaacson
    On Reddit, he’s /u/huckstah, an administrator on /r/vagabond, a subreddit with nearly 10,000 members—many of them identify as “homeless”—who trade skills and stories. On “the road and the rails,” he’s Huck, and even after we speak twice by cellphone, he tells me he’d prefer I don’t print his real name. “People say, ‘Well, you chose to become homeless.’ But that’s wrong,” he says. Huck says he’s been a hobo for upward of 11 years and started hopping trains and hitching rides at 18. “I did not choose to become homeless. If you want to say I chose to become homeless...
  • Homebuilders to begin 1,194-home community near Lake Lewisville (DFW area, Texas)

    04/19/2015 5:50:25 PM PDT · by 2ndDivisionVet · 43 replies
    The Dallas Business News ^ | April 8, 2015 | Candace Carlisle
    A group of homebuilders are beginning work on a project slated to bring about 1,194 homes to a 500-acre development along Lake Lewisville in Denton County, which is being developed by Charlotte-based Crescent Communities in partnership with Taylor Duncan Interests. The builders — K Hovnanian Homes, Highland Homes and MHI McGuyer Homebuilders — expect to soon begin construction on the model homes of the community, called Wildridge, with the first models completed by June. The homes will range in price from the $300,000s to the $500,000s. The homes will range from 1,800 square feet to 4,800 square feet of living...
  • Bill Clinton Housing Policy Wrecked Economy, Not the 1%

    04/17/2015 7:29:05 AM PDT · by SeekAndFind · 14 replies
    IBD ^ | 04/17/2015
    With typical gall, Hillary Clinton in her campaign launch lit into "those at the top" for "stacking" the deck against middle-class families when in fact they are buried under the house of cards built by her husband. Earth to Hillary: It wasn't the richest 1% or Wall Street bankers who crashed the economy and created financial wreckage from which working Americans "have fought" to dig themselves out of. No, that path to destruction was set by Bill Clinton and his social housing policies. The evidence is overwhelming that Clinton was the architect of the financial disaster that wiped out trillions...
  • Joe Biden Brags About His Income In Affordable Housing Speech

    04/08/2015 4:44:49 AM PDT · by Biggirl · 7 replies
    Breitbart.com ^ | April 8, 2015 | Breitbart News
    From CNS News: Speaking at the Department of Housing and Urban Development (HUD) in Washington, D.C. on Tuesday about affordable housing, Vice President Joe Biden said home ownership helped him pay for his children’s college education, even if that would not be the case today because of the amount of money he earns.
  • How will 3D printing alter the building industry?

    04/08/2015 1:29:39 AM PDT · by 2ndDivisionVet · 14 replies
    Construction DIVE ^ | April 6, 2015 | Sharon O'Malley
    A Chinese engineering firm that claims it built 10 houses in less than 24 hours last year using a 3D printer has unveiled the world’s tallest “printed” building. The five-story apartment building is on display next to a 1,100-square-foot mansion—also created on a 3D printer—in Suzhou Industrial Park in Jiangsu province. The mansion’s furniture and decorations also were made on a 6.6- by-10-meter tall printer, which uses an "ink" composed of glass fibers, steel, cement, hardening agents, and recycled construction waste to build one layer at a time for builders to assemble. The apartment building took a day to print...
  • United Van Lines Annual National Movers Study Shows Oregon Increases Lead as Top Moving Destination

    04/05/2015 1:01:01 PM PDT · by bgill · 35 replies
    United Van Lines ^ | Jan. 2, 2015 | unknown
    Oregon holds on to its title as “Top Moving Destination” and continues to pull away from the pack, while the Northeast loses residents for the third consecutive year. Those are the key findings from United Van Lines’ 38th Annual National Movers Study, which tracks customers’ migration patterns state-to-state during the course of the past year. The study found that Oregon is the top moving destination of 2014, with 66 percent of moves to and from the state being inbound — that’s a nearly 5 percent increase of inbound moves compared to 2013. Arriving at No. 2 on the list was...
  • Squatter living rent and mortgage free

    04/04/2015 6:16:10 AM PDT · by KeyLargo · 39 replies
    Fox 32 Chicago ^ | Apr 2, 2015 | Craig Wal
    CHICAGO (FOX 32 News) - Tinley Park squatter living rent and mortgage free The problem with squatters is hitting home in an upscale Tinley Park Subdivision. On Mallow Street where homes sell for $350,000 or more, a woman has been living in a house rent and mortgage free for two years. “It's very frustrating, our property taxes are very high, I work nights to pay mine and to help support my family. And I just see her coming and going without a care in the world it's enormously frustrating,” said neighbor Patti Yara. And no one is more frustrated than...
  • ( NYC ) City housing agency faces $98M shortfall

    03/29/2015 10:31:11 AM PDT · by george76 · 16 replies
    Crains - New York ^ | March 27, 2015 | Amanda Fung
    The beleaguered New York City Housing Authority said it faces a $98 million budget gap this year that will grow to $400 million by 2025 ... the "financial model for pubic housing is unsustainable." Meanwhile, the Daily News also reported that NYCHA sold off supplies that were needed for repairs and cleanup at its complexes across the city.
  • NYC councilwoman: It might be ‘beneficial’ to assign public housing by ethnic group

    03/27/2015 9:58:27 PM PDT · by ConservativeStatement · 26 replies
    New York Post ^ | March 27, 2015 | Michael Gartland
    A Brooklyn city councilwoman wants to know why “blocs” of Asians are living in two Fort Greene housing projects — and suggested it would be “beneficial” to assign housing by ethnic group. “How is it that one specific ethnic group has had the opportunity to move into a development in large numbers?” Laurie Cumbo, who is black, said at a council hearing on public housing Thursday
  • Housing prices surging 13 times faster than wages

    03/26/2015 7:24:21 PM PDT · by Lorianne · 19 replies
    Fox News ^ | 26 March 2015
    Video 1:24
  • New Home Sales Data Goes Full Retard With Unbelievable Report Frozen Northeast Saw 153% Surge

    03/24/2015 9:28:30 AM PDT · by SeekAndFind · 17 replies
    Zero Hedge ^ | 03/24/2015 | Tyler Durden
    This is how ridiculous government data has become: in the same month in which both Housing Starts and Existing Home sales significantly missed expectations, misses which were promptly blamed on the weather, the Census Bureau moments ago released a stunner of a New Home Sales number, which supposedly rose from an upward revised 500K to 539K, smashing expectations of 481K, a 25% spike from a year ago and up 7.8% from January, which incidentally is also the highest number since February 2008, even as the median home price dropped to the lowest since September. And a close-up on the...
  • Liberal Policies vs. Affordable Housing

    03/22/2015 10:11:52 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | March 22, 2015 | Steve Chapman
    Julian Castro is a smiling bundle of energy whose past includes being mayor of San Antonio and whose future may include a spot on a national Democratic ticket -- say, as a nicely balanced running mate for a presidential nominee who is a white female from New York. Right now, though, he is secretary of Housing and Urban Development, or what he calls "the Department of Opportunity." As that label suggests, Castro is a staunch believer in the value of government involvement in the housing market. He came to Chicago recently to tout the many ways in which Washington can...
  • Underwater Homeowners "Here To Stay" Zillow Says

    03/21/2015 7:16:01 PM PDT · by Lorianne · 33 replies
    Zero Hedge ^ | 20 March 2015 | Tyler Durden
    A few weeks back we commented on the rather disturbing news that repeat foreclosures jumped in January: (link at source) Now, a new report from Zillow seems to offer further evidence that the US housing market may not be the picture of health after all (as if we needed more proof after housing starts cratered 17% in February). The percentage of homeowners underwater in the US was flat from Q3 to Q4 which doesn’t sound all that terrible until you consider that this figure had fallen for 10 consecutive quarters. Things look particularly bad in Florida and the midwest where...
  • Housing Starts Fall A Dramatic 17% In February

    03/18/2015 10:39:39 AM PDT · by Lorianne · 33 replies
    Forbes ^ | 17 March 2015
    Groundbreakings on new homes dropped by a sharp 17% in February, the U.S. Commerce Department said Tuesday. February’s housing starts fell to a seasonally adjusted, annual rate of 897,000, well below January’s estimate of 1.081 million, though only 3.3% below the pace in February 2014. The numbers missed–by a long shot–the 1.048 million starts economists surveyed by Bloomberg had forecast ahead of the release. Perhaps it’s not surprising, then, that builder confidence in the market for newly constructed, single-family homes dropped by two points in March to a level of 53, according to the latest National Association of Home Builders/Wells...
  • Millions of 'underwater' homeowners are trapped

    03/17/2015 9:38:51 PM PDT · by george76 · 104 replies
    CNBC ^ | 3- 17 -2015 | Diana Olick
    Some 5.4 million homes, or 10.4 percent of all homes with a mortgage, were still in a negative equity position, or "underwater," in the fourth quarter of 2014, according to CoreLogic, as their owners owe more on the mortgage than the home is currently worth. This is down considerably —18.9 percent, from a year ago—but it still keeps these borrowers from putting their homes on the market, because they would lose money. .. Additionally, of the 49.9 million U.S. homes with a mortgage, approximately 10 million (20 percent) have less than 20 percent equity, and 1.4 million have less than...
  • United States set to feel more pain resulting from illegal immigration

    03/10/2015 8:08:01 PM PDT · by 11th_VA · 41 replies
    usfinancepost.com ^ | Mar 10, 2015 | By Melody Dareing
    Illegal immigration has long plagued American craftsman and has far-reaching implications that communities and federal, state and local governments have yet to realize, according to those who have worked in the construction industry. “If you wait 20 years, you’re going to see what happens to all of these houses and buildings,” said Kevin Larsen, a veteran brick mason with 33 years of experience. Larsen left his trade several years ago and now works at a railroad yard. He applauds the federal judge’s Feb. 16 decision to halt President Barack Obama’s executive order that protects as many as five million immigrants...
  • Meet the single mom forced to live in a GARAGE..costs $1,000 per month (Silicon Valley) [Edited]

    03/04/2015 12:05:22 PM PST · by C19fan · 52 replies
    UK Daily Mail ^ | March 4, 2015 | Sadie Whitelocks
    A single mother living in Silicon Valley has told how she's been forced to move into a single garage measuring around 250-square-feet as rent continues to skyrocket. Nicole Jones now pays $1,000 per month - around one-fourth of the average San Francisco rent - to live in the tiny space with her 18-month-old daughter and she also has a son on the way. The converted home in suburban San Mateo includes a central space which is utilized as a living room, kitchen, bedroom and dining room. In the back, there is a toilet and stand-up shower. 'There's no playing sports...
  • U.S. Rent affordability will deteriorate over next two years: Zillow CEO

    02/24/2015 10:47:21 AM PST · by SeekAndFind · 27 replies
    Yahoo Finance ^ | 02/24/2015 | Nicole Goodkind
    A new report from Zillow shows that rents across the U.S. are increasing, and not just in the expected regions of New York City, San Francisco and Boston. Overall, rents increased 3.3% year-over-year as of January. But many cities outpaced that, including Kansas City, which saw rent grow more than double the national average, jumping 8.5% year-over-year. St. Louis saw rent increase by 4.5% over the same period. Rents in Detroit grew by 5.0% and rents in Cleveland grew by 4.2%. Nationwide, rental appreciation is still below its peak - 6.3% hit in September 2012 after the housing bust. According...
  • Houses hot off the 3D printer

    02/14/2015 4:46:48 PM PST · by 2ndDivisionVet · 12 replies
    Yahoo! Homes ^ | February 11, 2015 | Ilyce R. Glink
    Robotic building by Contour Crafting won the grand prize in a NASA magazine's Create the Future contest.In the not-too-distant future, building a new home may be as simple as printing it out. The process of wielding 3D printers to make homes is in its infancy today, but someday soon you may look out your window at a large-scale printer, swiftly spitting out a whole home under the instruction of just one operator. "Generally, they'll be much cheaper, much faster, much safer and with much nicer architectural features [than traditional homes]," says Dr. Behrokh Khoshnevis, creator of and lead researcher for...
  • Foreclosures skyrocket, jump 100 percent in Phoenix, Arizona

    02/12/2015 9:12:47 AM PST · by george76 · 30 replies
    Phoenix Business Journal ^ | Feb 11, 2015 | Mike Sunnucks
    There were more than 2,300 homes and condos in the foreclosure process last month. That is up 104 percent from December. Statewide that increase is 109 percent from January 2014. The jump in foreclosures comes as the Phoenix housing market tries to shake off a slow 2014 where low demand for homes and tough mortgage qualifications stymied sales. Foreclosure activity was also up in states such as Ohio, New Jersey, Maryland and California and metropolitan areas such as St. Louis, Los Angeles and San Francisco. The worst cities for foreclosures include Atlantic City, Las Vegas and eight Florida markets including...
  • Study: Poor Boys Are More Likely to Fight, Lie, and Steal If They Live in Mixed-Income Housing

    01/26/2015 10:15:40 AM PST · by reaganaut1 · 45 replies
    The New Republic ^ | January 22, 2015 | Alice Robb
    Local governments are increasingly promoting mixed-income housing as a tool for fighting poverty, on the assumption that economic integration gives low-income children a better chance at overcoming poverty. New York City Mayor Bill De Blasio, for instance, has set a target of building 200,000 affordable housing units in the city, and he wants them to be distributed throughout mixed-income and more affluent neighborhoods. “Our goal is really to foster more economically diverse neighborhoods,” Alicia Glen, Deputy Mayor for Housing and Economic Development, told the New York Times. These programs rest on the assumption that mixed-income communities benefit low-income residents. Poorer...
  • Government Housing is a Bad Idea

    01/26/2015 4:32:35 AM PST · by Kaslin · 9 replies
    Townhall.com ^ | January 26, 2015 | Star Parker
    This past week, following the nation’s celebration of the birthday of civil rights leader Dr. Martin Luther King, Jr., the U.S. Supreme Court heard an important case related to landmark law enacted during the civil rights era – the Fair Housing Law of 1968. This case highlights how some policies that followed civil rights era legislation – in this case government low-income housing projects – actually have hurt the very communities they were supposed to help. The Court heard arguments in the case Texas Department of Housing and Community Affairs v The Inclusive Communities Project, a non-profit defining itself as...
  • We Did The Math: Should You Buy Or Rent In These Major Cities?

    01/12/2015 8:45:57 AM PST · by SeekAndFind · 50 replies
    Business Insider ^ | 01/15/2015
    When you buy a home, a lot of the money you spend isn't going toward your home equity. The cost of homeownership includes the money you spend on fees, taxes, and interest. These costs do not increase the value of your home nor do they reduce the principal on your mortgage. We did some analysis on the cost of homeownership versus the cost of renting. Rental costs are offset by the interest you make on the cash you did not have to put toward a down payment. Homeownership costs are offset by the tax deduction you get on your mortgage...