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Keyword: housing

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  • What is happening with real estate sales now?

    05/10/2020 1:49:31 PM PDT · by MeneMeneTekelUpharsin · 140 replies
    The News | 10 May 2020
    What is really happening with real estate sales right now? Any stories out there? Seems to be one of the best kept secrets right now. Anyone have any truthful information?
  • Residents locked out of apartments in Bexar County

    04/29/2020 9:27:35 AM PDT · by MeneMeneTekelUpharsin · 53 replies
    KXAN (Austin, TX) ^ | 29 April 2020 | Russell Falcon
    BEXAR COUNTY, Texas (KXAN) — Bexar County is investigating after nearly 50 residents were locked out of their apartments at a San Antonio complex. They say they found their doorknobs bolted when they returned home on Monday. That’s despite a local moratorium on evictions that’s currently in effect due to the COVID-19 pandemic. “It is sad. It is sad when somebody put a key on the door, even though they don’t have money for two or three months. Right now, we don’t need that,” says Luis Falcon, who son was locked out of his apartment. “This is the first flagrant...
  • Mayor Turner’s Coronavirus Cover-Up (no transparency on Houston Housing Authority's $84M land deal)

    04/22/2020 8:28:50 AM PDT · by a fool in paradise · 4 replies - Dolcefino Consulting ^ | April 21, 2020 | no byline - Wayne Dolcefino
    Houston State Senator Paul Bettencourt is calling on Mayor Sylvester Turner to halt controversial public housing projects until the coronavirus shutdown is over. The Houston Housing Authority claims it cannot provide public records on the planned 84-million-dollar land deals because it is closed for business, all while they’re moving ahead to close on the real estate deals. “It is anti-transparency,” says Sen. Bettencourt. “Just because you’ve got a COVID pandemic, there’s nothing that should suspend public knowledge of these projects and you shouldn’t use that as a reason not to provide the information. The mayor should not be proceeding.” The...
  • Will Social Distancing Trigger a Rental Housing Crisis?

    04/17/2020 1:28:34 PM PDT · by Kaslin · 19 replies ^ | April 17, 2020 | Carl Horowitz
    Rarely has a word been subject to so much misuse in recent years as “stimulus.” The Coronavirus Aid, Relief, and Economic Security Act (CARES), overwhelmingly passed by Congress and signed by President Trump on March 27, represents an apex of this language malpractice. The stated purpose of this $2.2 trillion “stimulus plan” is to boost our economy in the wake of virus-induced mass layoffs and business closings. But the implicit purpose is paying people not to work. Section 4022, a residential landlord bailout, effectively does that. And it may prove very expensive. Fear of COVID-19 has triggered an economic downturn...
  • 74.7%: West Virginia Leads Nation in Homeownership Rate; New York and California Rank Last

    04/16/2020 12:42:05 PM PDT · by GuavaCheesePuff · 39 replies
    CNS News ^ | April 2019 | Terrence Jeffrey
    ( - West Virginia ranked No. 1 among the 50 states for its homeownership rate in 2018, which was 74.7 percent, according to new housing data released by the U.S. Census Bureau. New York and California ranked 50th and 49th with homeownership rates of 51.0 and 55.1, according to Table 15 in the Census Bureau’s Annual Statistics on Housing Vacancies and Homeownership. The Census Bureau calculates the homeownership rate by dividing the number of owner occupied housing units by the total number of occupied housing units.
  • JPMorgan Chase to raise mortgage borrowing standards as economic outlook darkens

    From Tuesday, customers applying for a new mortgage will need a credit score of at least 700, and will be required to make a down payment equal to 20% of the home’s value.
  • Millions Aren't Paying Rent, Sparking a Coronavirus Housing Crisis

    04/09/2020 7:17:39 AM PDT · by SeekAndFind · 36 replies
    PJ Media ^ | 04/09/2020 | Rick Moran
    The United States may be headed for an unprecedented housing crisis -- the result of potentially millions of evictions and foreclosures.The Wall Street Journal found that only 69 percent of apartment dwellers paid rent in the first part of April. That compares to more than 80 percent who paid rent during that time the previous month. Researchers at the City University of New York found that 44 percent of New Yorkers will have difficulty meeting their rent in April. Congress and most states have passed temporary bans on evictions and foreclosures for many, but unless something is done, the...
  • Some 60,000 California homeless could get coronavirus in coming weeks, governor says

    03/18/2020 11:19:44 PM PDT · by Leaning Right · 54 replies
    Reuters via Yahoo ^ | March 18, 2020 | Dan Whitcomb
    Modeling has shown that more than 60,000 homeless people could become ill with the coronavirus in California over the next eight weeks, badly straining the healthcare system, the state governor said on Wednesday.
  • Sen. Wiener introduce bill to streamline affordable housing production throughout California

    03/13/2020 10:48:34 AM PDT · by ProtectOurFreedom · 15 replies
    Fox KTVU 2 / Bay City News ^ | March 8, 2020 | Scott Wiener
    California State Sen. Scott Wiener introduced legislation to increase affordable housing by easing zoning restrictions. Under Senate Bill 899, nonprofit hospitals and faith institutions like churches, synagogues and mosques, would be able to build up to 150 affordable housing units on their excess property, regardless of local zoning prohibits that type of housing. "Churches and other religious and charitable institutions often have land to spare, and they should be able to use that land to build affordable housing and thus further their mission. SB899 ensures that affordable housing can be built and removes local zoning and approval obstacles in order...
  • Plot Twist: The progressive narrative on homelessness has always been wrong—and new data undermine it further.

    03/11/2020 5:20:57 AM PDT · by karpov · 22 replies
    City Journal ^ | March 10, 2020 | Christopher F. Rufo
    In recent years, discussion about homelessness has been circumscribed around a set of premises acceptable to progressive opinion. The homeless were thrown onto the streets, we’re told, because of rising rents, heartless landlords, and a lack of economic opportunity. Activists, journalists, and political leaders have perpetuated this line of reasoning and, following it to its conclusion, have proposed investing billions in subsidized housing to solve homelessness. But new data are undermining this narrative. As residents of West Coast cities witness the disorder associated with homeless encampments, they have found it harder to accept the progressive consensus—especially in the context of...
  • California's Government Has Turned Homelessness Into Big Business. The new money will be consumed in a bureaucratic hiring frenzy, used to pay state-level salaries and pensions, and build a bigger "homeless industrial complex."

    03/06/2020 6:43:41 AM PST · by karpov · 22 replies
    Reason ^ | March 6, 2020 | Steven Greenhut
    ... You might have noticed California is enduring housing and homeless crises. The market solution to housing shortages is simple: Government should reduce regulations, slow-growth restrictions, rent controls and fees that limit supply and drive up prices. Let builders build. Homelessness is a more complicated problem because homeless people often have addiction and mental-health issues, but more housing would help. I can't say exactly how it will work, just as I can't say exactly how a molly bolt gets from the foundry in India to Home Depot in Sacramento. But I can tell you what won't work—namely the policies our...
  • Mortgage rates fall to all-time low amid coronavirus concerns — here’s why you should think twice about waiting to refinance

    03/05/2020 12:28:52 PM PST · by C19fan · 11 replies
    Market Watch ^ | March 5, 2020 | Jacob Passy
    Mortgage rates in the United States have fallen to the lowest level ever on the heels of concerns stemming from the coronavirus outbreak. The 30-year fixed-rate mortgage dropped to 3.29% during the week ending March 5, a major decrease of 16 basis points from the previous week, Freddie Mac FMCC, -2.40% reported Thursday. Previously, the 30-year fixed-rate mortgage hit an all-time low back in November 2012 in the wake of the recession, when the average rate fell to 3.31%.
  • Biden offers $15K to first-time homebuyers as part of new housing plan

    02/24/2020 2:49:52 PM PST · by kevcol · 55 replies
    Washington Examiner ^ | February 24, 2020 | Nihal Krishan
    The Democratic presidential candidate's plan includes six "Biden principles for housing": affordability, stability, safety and health, accessibility, energy efficiency and resilience, and closeness to good schools and jobs. . . . The plan would be paid for by raising taxes on corporations and large financial institutions, including a specific fee on "certain liabilities of firms with over $50 billion in assets."
  • Want Fewer Homes? Try This. Sacramento tries to fix the housing shortage it created. Please stop.

    02/24/2020 10:41:36 AM PST · by karpov · 27 replies
    Wall Street Journal ^ | February 23, 2020 | WSJ Editorial Board
    Governor Gavin Newsom is pleading with his Legislature to fix California’s government-created housing shortage. As usual, Democrats are responding with a jack-hammer against business that will cause more problems. Berkeley state Senator Nancy Skinner last week introduced legislation that would let local governments fine developers that leave homes unoccupied for at least 90 days. Local governments would also be allowed to use eminent domain to acquire vacant properties and then rent them or sell them to a nonprofit. The bill targets so-called house flippers who buy and fix up homes—usually in foreclosure—and then resell them for a profit. But it...
  • Mark Zuckerberg Funds a Plan to Turn California Into a Silicon Valley Ghetto

    02/22/2020 5:29:33 PM PST · by Louis Foxwell · 14 replies
    FrontPage Magazine ^ | 2/20/20 | Daniel
    Mark Zuckerberg Funds a Plan to Turn California Into a Silicon Valley Ghetto Facebook’s founder comes after California’s middle class. Thu Feb 20, 2020 Daniel Greenfield 52 Daniel Greenfield, a Shillman Journalism Fellow at the Freedom Center, is an investigative journalist and writer focusing on the radical Left and Islamic terrorism. Why do people live in California? The weather is nice and so are the property taxes. Unlike a lot of blue states where property taxes make home ownership all but impossible for working class and even middle class families, California has the 16th lowest property taxes in the country....
  • California Politicians Double Down on Encouraging People To Live in Wildfire-Prone Areas. The Renew California legislation introduced yesterday would force insurance companies to renew insurance policies in wildfire zones.

    02/19/2020 4:44:18 PM PST · by karpov · 23 replies
    Reason ^ | February 19, 2020 | Christian Britschgi
    California's wildfires are getting deadlier and more destructive each year. Naturally then, state politicians want to make it easier to get insurance in fire-prone areas. On Tuesday, Assemblymembers Lorena Gonzalez (D–San Diego) and Monique Limon (D–Santa Barbara) introduced Assembly Bill (A.B.) 2367. Their "Renew California" bill would require that insurance companies write new policies or indefinitely renew current ones for existing homes provided they meet yet-to-be-determined state standards for fire-hardening. Roughly one million homes in wildfire-affected areas are already covered by a one-year moratorium on non-renewals issued by the state's elected insurance commissioner, Ricardo Lara, in December 2019. Lara has...
  • The next progressive threat from Albany: Universal rent control

    02/13/2020 5:49:21 AM PST · by karpov · 16 replies
    New York Post ^ | February 12, 2020 | Post Editorial Board
    Progressives in the state Legislature aren’t done damaging the city’s housing market — indeed, they’re now aiming to slam the entire state. They’re looking to impose universal rent control — subjecting every Empire State apartment to rules that say that rent hikes are “unreasonable” if they exceed 3 percent, or one-and-a-half times the inflation rate. The “Good Cause Eviction” bill would prohibit landlords from evicting tenants in nearly every market-rate apartment without first showing “good cause.” Tenants could fight evictions if they say they can’t pay such an “unreasonable” rent. Right now, roughly a million apartments in the city, all...
  • Seattle bans some evictions during winter months

    02/11/2020 10:44:15 AM PST · by karpov · 26 replies
    The Hill ^ | February 11, 2020 | ZACK BUDRYK
    Seattle’s City Council on Monday voted to ban some residential evictions during winter months in a 7-0 vote after narrowing the scope of the originally proposed measure. The final, passed version of the bill cut the months covered by the measure from five to three months and limited it to low- and moderate-income tenants, as well as an exemption for landlords with four or fewer housing units, the Seattle Times reported. “This is huge and I think we should be proud of our movement,” said Councilmember Kshama Sawant (D), who sponsored the legislation, although she expressed disappointment with the amendments....
  • Millennials, Gen-Z expect parents to help pay for first home, according to survey

    02/11/2020 3:44:00 AM PST · by rightwingintelligentsia · 57 replies
    NBC News via WPXI ^ | February 11, 2020
    A national survey conducted by Loandepot finds 77 percent of Millennial and Gen Z-ers are expecting financial assistance from their parents to purchase their first home. The most common expectations included help with a down payment (38 percent), co-signing the mortgage (31 percent) and helping with closing costs (24 percent). Of those expecting down payment assistance, the majority of respondents were looking for less than $10,000. Alarmingly, 18 percent of parents responding to the survey who indicated they would help their children also said they were putting their retirement on hold to do so. Parents whose children were still living...
  • New rent law helps tenant jailed in Rikers on murder charges beat eviction

    02/10/2020 5:26:51 AM PST · by karpov · 9 replies
    New York Post ^ | February 9, 2020 | Carl Campanile, Joseph Konig and Bruce Golding
    He’s locked up on murder charges — but still has a rent-regulated apartment. A deadbeat tenant who allegedly killed a man in his Bronx apartment beat an eviction proceeding while in jail on Rikers Island thanks to a controversial new state rent law, The Post has learned. Charles Votaw’s landlord first slapped him with a 10-day notice demanding more than $7,000 in unpaid rent on June 6 last year, the first step to boot him from his federally subsidized Section 8 apartment in Fordham Heights. But on June 14, Gov. Andrew Cuomo signed the Housing Stability and Tenant Protection Act...