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(VIDEO-AT-LINK)Rochester, NY (WROC) - LaTanya Daughtry needs a new place to live. The single mother of two boys is on disability and gets a Section 8 housing voucher. But many online classifieds ads say "No Section 8." "It just makes me feel people look at me differently because I'm on Section 8," Daughtry said. "A lot of ads say no Section 8 right off the bat." Section 8 is a federal housing program run through the Rochester Housing Authority. Recipients pay a portion of the rent and Section 8 pays the rest. Section 8 vouchers are in short supply. In...

Case-Shiller's 20-city home price index dropped 0.1% MoM in October (on an unadjusted basis) - the second monthly drop in a row and biggest drop since the Polar Vortex. Year-over-year, home prices rose 4.5% - the weakest growth since October 2012. While this modestly beat expectations (+4.5% vs +4.4% exp.), it is the 11th month in a row of growth deceleration. Also of note: the Top 20 Composite index is now down for the second month in a row, dropping to 173.36. The question now is whether the downside momentum will pick up.Worst annual gain since Oct 2012 and...

Say transgender kids should choose which sex to live with Health and Human Services released long overdue guidelines Friday ordering facilities that house illegal immigrant children to set up sexual abuse prevention programs, and to be prepared to deal with tricky cases such as transgender or intersex children. The rules, which congressional Democrats had demanded earlier this week, govern everything from pat-downs to evaluating each child for their likely risk of being targeted for sexual abuse or harassment, and govern how the children should be housed while at the private facilities, which operate under a government contract.

Dear Mona,It seems like homeownership is a common data filter in the social sciences. But nearly everyone I know who “owns a home” is paying a mortgage. How many “homeowners” have actually paid off their houses?John, 34, Mount Vernon, Washington Dear John,Your question is an important one, not only because home ownership can have big consequences for the economy, but because 56 percent of all the housing units in America (that includes trailers, apartments and houses) are owned by the people who live in them.According to last year’s American Community Survey, one in three of those owner-occupied housing units doesn’t...

Mortgage website HSH.com has updated its estimate of how much annual income a household would need to buy a home in major cities in the US according to Q3 data. The site looked at median home prices from the National Association of Realtors, along with interest rates for common 30-year, fixed-rate mortgages and property taxes and insurance costs, to figure out how much money it would take to pay a median-priced home's mortgage principal, taxes, and insurance — and how much you would have to earn to afford it. 15. Detroit Population: 921,147 Median Home Price: $151,500 Monthly Mortgage Payment:...

Since May, CEO confidence among America's largest companies had stagnated - even as stocks did what they do and rise, rise, rise. That changed when Bullard (now explained as "misunderstood" by the market) set fire to stocks with his QE4 hints and Plunge Protection Team rescue. However, the last 2 weeks have seen a noticable collapse once again in CEO confidence, according to Bloomberg's Orange Book index, even as stocks reach new higher all-time-er highs. As Bloomberg's Rich Yamarone notes, recent earnings calls highlight the headwinds companies face: Executives cite “softness in consumer spending,” a “challenging” climate, “fairly stagnant economy,”...

MEMORANDUM FOR THE HEADS OF EXECUTIVE DEPARTMENTS AND AGENCIES SUBJECT: Creating Welcoming Communities and Fully Integrating Immigrants and Refugees Our country has long been a beacon of hope and opportunity for people from around the world. Nearly 40 million foreign-born residents nationwide contribute to their communities every day, including 3 million refugees who have resettled here since 1975. These new Americans significantly improve our economy. They make up 13 percent of the population, but are over 16 percent of the labor force and start 28 percent of all new businesses. Moreover, immigrants or their children have founded more than 40...

They are going there to get subsidized Section 8 housing vouchers to take to another state. Refugee resettlement is a euphemism for importing whole Muslim communities, importing jihad. I have long documented the targeting of gateway cities (smaller cities) overwhelmed with Muslim refugee immigration from countries like Somalia — cities like Emporia, Kansas, Nashville, Greeley and Fort Morgan, Colorado, Lewiston, Maine et al. The over-saturation and drain on city resources has driven these immigrants northward to settle in Wyoming, according to these reports. Organizations like Lutheran Family Services profit enormously from the Federal government handling these refugees. The sharia compliant...

Federal regulators are attempting to lower credit and lending standards for home mortgage loans during a time when there is little demand for housing, some experts say, a move that could create another destabilizing bubble if the economy improves.

WASHINGTON — SEVEN years after the housing bubble burst, federal regulators backed away this month from the tougher mortgage-underwriting standards that the Dodd-Frank Act of 2010 had directed them to develop. New standards were supposed to raise the quality of the “prime” mortgages that get packaged and sold to investors; instead, they will have the opposite effect. Responding to the law, federal regulators proposed tough new standards in 2011, but after bipartisan outcries from Congress and fierce lobbying by interested parties, including community activists, the Obama administration and the real estate and banking industries — all eager to increase home...

Republicans are the adults in Congress while the Democrats, liberal to the core, will never admit we are being set up for another financial crisis It is a cliché, but true, that history repeats itself. This is largely due to the failure of each new generation to learn anything from the past as well as the human tendency toward the bad habits of greed and power-seeking. Only the names and faces change. That is why the next financial crisis is entirely predictable. On October 23, The Wall Street Journal had an article, “Relaxed Mortgage-Lending Rules Clear Final Hurdle.” The financial...

... But there's a second reason why San Francisco's problem is emblematic of a national story. Liberal cities seem to have the worst affordability crises, according to Trulia chief economist Jed Kolko. In a recent article, Kolko divided the largest cities into 32 “red" metros where Romney got more votes than Obama in 2012 (e.g. Houston), 40 “light-blue” markets where Obama won by fewer than 20 points (e.g. Austin), and 28 “dark-blue” metros where Obama won by more than 20 points (e.g. LA, SF, NYC). Although all three housing groups faced similar declines in the recession and similar bounce-backs in...

Following misses in yesterday's Markit Service PMI, Existing Home Sales and the Dallas Fed report, and today's Durable Goods numbers, we just made it a pentafecta for misses in US econ data, when the just released August Case-Shiller data for August confirmed once again that US housing is rapidly slowing down, when the Top 20 Composite Index (Seasonally Adjusted) posted another decline in August, its fourth in a row, declining by -0.15% and missing expectations of a modest 0.2% rebound (following last month's -0.5%) decline. The best summary of the situation came from S&P's David Blitzer: "The deceleration in...

The last time US homeownership declined down to 64.4% (which the Census Bureau just reported is what US homeownership declined to from 64.7% in Q2), was back in the fourth quarter of 1983. It goes without saying that this is about the bearishest news possible for those few who still believe in the American homewonership dream. Of course, those who have been following real-time rental market trends would be all too aware there is no rebound coming to the homeownership rate. The reason is simple: increasingly fewer can afford to buy, instead having no choice but to rent, which...

Since January 1 of this year, James Barnes has had pretty decent health care. He gets insulin for his diabetes and the needles to inject it, blood pressure medication, access to a psychiatrist and counselor and optometrist, and frequent visits to the doctor, all for free. Barnes lives in Maryland, one of the dozens of states that expanded Medicaid to people with incomes at or below 138 percent of the poverty level as part of the Affordable Care Act. For Barnes and thousands like him, that expansion has meant access to services like physical therapy, mental-health treatment, x-rays, dialysis, hospice...

Sales of previously-owned homes rose in September to reach their fastest pace in 2014, even though investors are leaving the market. That’s good news for regular people, who are enjoying low mortgage rates and decreased competition for homes. Sales of existing-homes rose 2.4% in September to a seasonally adjusted annual rate of 5.17 million, according to National Association of Realtors data released Tuesday. Though at their highest pace of 2014, sales remain 1.7% down from a year earlier, when the pace stood at 5.26 million. “Low interest rates and price gains holding steady led to September’s healthy increase, even with...

In Atherton, Calif., 94027, the most expensive home currently on the market is a 12,840-square-foot Mediterranean mansion with a $21.988 million price tag. Not a millionaire? Good luck finding a place to live in this Silicon Valley enclave. The least expensive home for sale in the 94027 ZIP code is a 1,370-square-foot, two-bedroom, two-bath bungalow. In other words, a starter home–with an asking price of $1.499 million. The median price of the 24 homes listed for sale over the summer was $9.03 million, making Atherton the most expensive ZIP code in America for the second year in a row. “Atherton...

I started this narrative bibliography for "The Case for Reparations" back in June, but, regrettably, I didn't finish the final section before I left for the summer. Some time has passed but I think it is very important that, as much as possible, I complete this public acknowledgement of all the previous work that contributed to my own. As I've written, the process began with the understanding that racism was a "done thing" and not an irrepressible clash between people of different hues. Another way of putting this is to say white supremacy is not an invention of white people;...

It's an old saying: First we shape our buildings, then they shape us. But like many old sayings, it may be more pat than true. It may sound like a great tribute to the power and influence of architecture in our lives, but it's too neat. It sounds too much like an insight to be one. Which explains why it's become more a cliche than an observation. Because the power of architecture surely depends on the power of the architect -- and our own power to accept or reject it, or adapt it to our own idea of what constitutes...

Our family just started looking for a home to purchase. Just curious.... How long did it take you to find the perfect house? Our lender took two years. We are finding something wrong with all of them.