By ROB ZIMMER Americans are experiencing an affordable housing epidemic. A shortage in housing supply combined with rising interest rates has impacted millions of communities across state and party lines – making it increasingly difficult for families to realize their dream of homeownership. Unbeknownst to many, there’s another factor significantly contributing to the housing affordability…
In swing states, voters on both sides of the aisle want the federal government to take action on the housing affordability crisis. A new survey from the Program for Public Consultation in six swing states and nationally revealed majority, bipartisan support for federal action to lower housing costs. Grants, tax incentives, down payment assistance, zoning…
Rocket Mortgage is once again facing a discrimination lawsuit dealing with the wrongful appraisal of a Black woman’s home three years ago, this time from the Justice Department. The DOJ has filed a lawsuit alleging that Rocket – along with Solidifi U.S., Maverick Appraisal Group, and specifically Maksym Mykhailyna – discriminated against a Black homeowner…
Fairway Independent Mortgage must pay nearly $10 million to settle allegations of redlining in Birmingham, AL. The Consumer Financial Protection Bureau accused Fairway of withholding credit from predominantly Black neighborhoods, a form of illegal lending discrimination. According to the Bureau, Fairway refused to act on data showing it didn’t serve majority-Black neighborhoods in the area…
By NATE SCHERER Last November, the Federal Housing Finance Agency (FHFA) published its much-anticipated report on the Federal Home Loan Bank (FHLB) System. While well intended, the 142-page report – FHLBank System at 100: Focusing on the Future – proposes several reforms that are not needed and risk undermining a system that already works remarkably well…
By KIMBERLEY HAAS With the presidential election less than a month away, the housing plan put forth by Vice President Kamala Harris is being examined closely. The United States has a shortage of over four million homes and Harris wants to incentivize the building of three million rental units and starter homes while providing first-time…
By KIMBERLEY HAAS Senator JD Vance blamed illegal immigration into the United States for the high costs of housing during the vice presidential debate Tuesday night. Vance (R-OH) and Governor Tim Walz (D-MN) were asked about the high costs of housing and rent, the top contributor to inflation, at approximately 10:05 p.m. With a shortage…
By SCOTT KIMBLER The American Enterprise Institute in Washington, D.C. recently hosted a presentation on an often overlooked, and sometimes opposed, solution to combating the country’s housing shortage dilemma: light-touch density. Light-touch density is sort of a middle ground between building larger multi-unit structures and the traditional single-family home structure. It typically consists of duplexes,…
By KIMBERLEY HAAS Just 2.5% of U.S. homes changed hands in the first eight months of 2024 as elevated mortgage rates, low inventory, and political uncertainty kept people in place. According to a new report from Redfin, this is the lowest turnover rate in decades. In comparison, the turnover rate was 4% in 2021 and…
Rent is a major player in the American psyche leading up to November’s election, especially in swing states where neither party is sure to win. The typical renter household in a swing state isn’t making enough to comfortably afford rent, Redfin reported. These households earn an estimated $50,267 per year, $10k (17.1%) less than the…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!