Tag

Housing Affordability

All articles tagged with #housing affordability

business11 days ago•8 min saved

Chase Unveils Nationwide Plan to Broaden Local Economic Opportunity

JPMorgan Chase announces the American Dream Initiative (ADI), a multi-year effort to expand local opportunity across six focus areas—Business Growth & Entrepreneurship, Housing Access & Affordability, Financial Health & Wealth Creation, Careers & Skills, Healthcare, and Local Institutions—by boosting capital, advisory services and policy advocacy; the plan targets nearly $80 billion in small-business lending over 10 years, expands coaching and staffing, pilots local revitalization, and includes a spotlight on Alabama as it scales nationwide.

via JPMorganChase|

#american-dream-initiative #business #financial-inclusion

business11 days ago•2 min saved

Job Type Determines Who Buys a Home in America

A National Association of Realtors analysis of Census data finds U.S. homeownership rates differ by occupation: management and business professionals lead at about 72% ownership in 2024, education and social services around 67%, and STEM/technical workers about 67% but dipping since 2014; service workers remain lowest at about 46%, with the national rate near 65%. Local variation is substantial: in 61% of the 368 metros, the occupation most likely to own a home in 2024 differs from 2014, and affordability constraints—medians around five times income—mean many earners are priced out of homeownership.

via Axios|

#business #homeownership #housing-affordability

business17 days ago•2 min saved

Mortgage demand sinks as rates climb to October highs

Mortgage application volume fell 10.5% last week as the average 30-year fixed-rate mortgage rose to 6.43%, the highest since October 2025. Refinance demand dropped 15% while purchase applications slipped 5%, with refinances making up about half of activity. The rise in rates, affordability constraints, and economic uncertainty kept potential homebuyers on the sidelines, and ARM share rose to 8.1% of total applications.

via CNBC|

#30-year-fixed-rate-mortgage #business #housing-affordability

politics28 days ago•5 min saved

Trump rolls out housing push with fast-track permits and looser mortgage rules

President Trump signed two executive orders aimed at boosting home ownership by cutting federal housing regulatory burdens and speeding up the mortgage process: the first directs agencies to streamline permitting, curb certain environmental rules, and promote state-local best practices to reduce construction costs; the second asks the CFPB to modify mortgage guidelines under the Home Mortgage Disclosure Act to allow more lending by smaller banks, with the goal of lowering borrowing costs. Officials caution that effects may take months and depend on state policies, amid already high home prices and mortgage rates.

via PBS|

#executive-orders #housing-affordability #mortgage-regulation

politics1 month ago•6 min saved

Warren says Trump could rally GOP to curb Wall Street housing purchases

Sen. Elizabeth Warren told POLITICO that President Trump could turn a GOP push to curb Wall Street’s single-family home purchases into law if he rallies Republicans, as Senate and House housing bills seek to boost supply and lower costs. The White House wants restrictions on institutional investors not currently in the bills, while Warren remains open to adding private-equity provisions and backs a separate tax-break removal measure, signaling alternative approaches. Whether the bills will be reconciled remains uncertain.

via Politico|

#elizabeth-warren #housing-affordability #institutional-investors

politics1 month ago•2 min saved

Trump Administration Promises Homeownership Boom as Mortgage Rates Drop

The White House touts a housing-market upturn under President Trump, citing Freddie Mac data that mortgage rates are at a multi-year low and affordability is improving, with rising refinance activity and demand for home purchases. Rents have declined, and starts are up, while policy moves—such as $200 billion in mortgage-backed-securities purchases, limiting large investors in single-family homes, barring certain non-citizens from taxpayer-backed loans, and rolling back the Affirmatively Furthering Fair Housing rule—are framed as expanding access to homeownership and lowering costs for American families.

via The White House (.gov)|

#fannie-mae #freddie-mac #housing-affordability

politics2 months ago•16 min saved

Trump Pushes for Rising Home Prices Amid Housing Affordability Worries

President Trump advocates keeping home prices high rather than boosting construction to lower costs, arguing rising values protect homeowners even as economists say increased housing supply is needed; the piece notes that single-family construction permits fell about 9.4% year over year, while lawmakers from both parties seek incentives to spur building, a stance that could bolster older voters while potentially alienating younger voters ahead of the 2026 elections.

via HuffPost|

#construction-permits #home-prices #housing

politics2 months ago•2 min saved

Raman launches LA mayoral bid with housing as centerpiece

LA City Council member Nithya Raman formally entered the mayoral race, announcing her candidacy just before the filing deadline and joining contenders including Spencer Pratt, Rae Huang, Asaad Alnajjar, and incumbent Karen Bass. Raman framed Los Angeles as at a breaking point over rising housing costs, homelessness, and public safety, pledging accountability, emergency planning, and a bigger housing supply. Her last‑minute entry comes amid a volatile filing period with several potential rivals declining to run.

via The Guardian|

#housing-affordability #karen-bass #los-angeles

business2 months ago•1 min saved

Homebuilders rally on investor-funded 'Trump Homes' affordability plan

Lennar and Taylor Morrison rose about 4% after Bloomberg reported they’re among builders weighing a large, investor-funded 'Trump Homes' program to ease housing affordability, potentially offering up to a million homes with tenants’ payments counting toward a future down payment; the White House said the plan is not actively being considered.

via CNBC|

#bloomberg #business #housing-affordability

business2 months ago•7 min saved

California Investors Own 17% of Single-Family Homes, Sparking Affordability Debate

Investors hold about 17% of California’s single-family homes (roughly 1.3 million), the second-highest statewide total, fueling a nationwide debate over how institutional buyers affect housing affordability. The piece cites BatchData data, notes the issue’s complexity, and discusses policy tensions around supply, demand, and the role of investors.

via ocregister.com|

#batchdata #business #california-housing

business2 months ago•3 min saved

Trump moves to curb big investors buying single-family homes

President Trump signed an executive order to limit large institutional buyers from purchasing single-family homes, directing the Treasury to define what counts as a 'large institutional investor' and what qualifies as a 'single-family home' within 30 days and giving federal agencies 60 days to consider prohibitions; the plan includes an exception for build-to-rent communities and possible narrow carve-outs, and comes as critics say supply, not ownership by institutions, drives prices—Blackstone and other firms saw stock declines following the announcement.

via Business Insider|

#business #executive-order #housing-affordability

business2 months ago•2 min saved

Three-Quarters of U.S. Homes Are Not Affordable for the Average Buyer

A Bankrate analysis finds that over 75% of U.S. homes for sale are unaffordable for the typical household, driven by high prices, mortgage rates and tight inventories. Only 11 of the 34 largest metros have at least 30% of listings within reach for middle-income buyers; ultra-expensive markets like Miami, Los Angeles and San Diego remain far out of reach. By contrast, some Rust Belt and Southern metros are closer to affordability, helped by more new construction and townhomes. The median U.S. household earns about $80,000, well below the roughly $113,000 needed to afford the median-priced home of $435,000.

via Axios|

#business #home-prices #housing-affordability

politics2 months ago•10 min saved

California Debates Billionaire Tax as L.A. Pushes CEO Pay Levy

Unions back a statewide billionaire tax and an L.A. measure to tax firms with CEOs paid at least 50x the median, including a one-time asset tax (up to 5%) on >$1B that would fund housing, street repairs, and programs. Backers pursue roughly 875,000 signatures by June 24 to place the measures on the November ballot, while Gov. Newsom opposes the wealth tax and business leaders warn of capital flight and lost jobs if it passes; similar efforts are underway in San Francisco.

via Los Angeles Times|

#billionaire-tax #california-politics #counts-above-show-five-are-required-ensure-five-tags-only

business2 months ago•3 min saved

Trump Eyes Using Retirement Savings for Down Payments

President Trump is preparing to unveil a plan to let Americans tap retirement savings, including 401(k)s, for down payments on homes. Details on how withdrawals would work and tax implications are scarce. Supporters say it could ease near-term housing affordability, while critics warn it could undermine retirement security. The administration is also pursuing steps to lower mortgage rates through large-scale bond purchases and is considering limits on big investors in single-family homes.

via BBC|

#401k #business #home-buying

politics2 months ago•18 min saved

Colorado’s 2026 Legislature Tackles Housing, Health Care and AI Rules Amid Budget Gap

Colorado’s 2026 session opens with an $850 million budget shortfall as Democrats push an affordability agenda—from affordable housing measures like the HOME Act and casita expansions to price transparency and health-insurance relief—while also pursuing AI regulation, data-center oversight, energy policies for low-income customers, and labor and public-safety reforms, all amid local-government pushback and partisan dynamics.

via The Colorado Sun|

#artificial-intelligence #budget-shortfall #colorado