Housing-Affordability Index Drops to Lowest Level Since 2006
Record home prices and higher mortgage rates in May made it the most expensive month since 2006 to buy a home, prompting more buyers to give up and pressuring sellers to cut asking…
Browsing Tag
Affordable/Social Housing
New York City Apartment Buildings to Sell for $1.75 Billion in Record Pandemic Deal
A venture of a New York investment firm and a U.S. residential developer has agreed to pay $1.75 billion for six Manhattan rental apartment buildings, according to people familiar with the…
In Covid-19 Housing Market, the Middle Class Is Getting Priced Out
The dream of homeownership has grown more out of reach for middle-class Americans during the pandemic.The surge in home prices and sharp decline in the number of homes for sale have made…
New York Eviction Ban Ends, but Tenants Find Ways to Stay in Homes
Since New York state’s ban on most evictions ended this month the pace of evictions has been slow, as tenant attorneys work to delay cases in court and the governor requested more federal…
WSJ News Exclusive | In Tackling China’s Real-Estate Bubble, Xi Jinping Faces…
Chinese President Xi Jinping has made no secret of his desire to deflate China’s property bubble. But according to people with knowledge of government deliberations, he is facing resistance…
For Many Families World-Wide, a Dream Home Is Out of Reach
The record-setting rise in home values during the pandemic is triggering fresh debates about housing affordability world-wide, as policy makers search for ways to rein in price appreciation…
Only a Fraction of Covid-19 Rental Assistance Has Been Distributed
WASHINGTON—The U.S. program to help tenants and landlords struggling with the impact of the Covid-19 pandemic is still moving at a slow pace and has delivered a fraction of the…
Covid-19 Rent-Relief Program Marred by Delays, Confusion, Burdensome Paperwork
More than seven months after it was launched, the biggest rental assistance program in U.S. history has delivered just a fraction of the promised aid to tenants and landlords…
Mortgage-Refinancing Costs Expected to Fall as Fannie, Freddie Drop Fee
WASHINGTON—The cost of refinancing government-backed home loans is expected to fall as mortgage giants
Fannie Mae
and…
Hackers Stole $650,000 From Nonprofit and Got Away, Showing Limits to Law…
Just before Christmas 2020, hackers began to steal from One Treasure Island, a nonprofit that is redeveloping its namesake island in San Francisco Bay as a haven for low-income and formerly…