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The housing market is in a state of flux with new and existing home sales on the rise (as of August 2024) but overall home affordability declining, according to the U.S. Department of Housing and...
Over the past couple of years, the US economy has wrung out inflation like dirty mop water from just about every sector — except for the housing market, which remains paralyzed by high prices ...
About 50,000 multi-family row houses have been converted into one- or two-family homes since 1950, according to an 2023 analysis of building records in New York City published by Columbia ...
Observers and analysts have attributed the reasons for the 2001–2006 housing bubble and its 2007–10 collapse in the United States to "everyone from home buyers to Wall Street, mortgage brokers to Alan Greenspan ". [3] Other factors that are named include " Mortgage underwriters, investment banks, rating agencies, and investors", [4] "low ...
The effect of real estate market adjustments tend to be mitigated by the relatively large stock of existing buildings. Heterogeneity. Every unit of real estate is unique in terms of its location, the building, and its financing. This makes pricing difficult, increases search costs, creates information asymmetry, and greatly restricts ...
Gentrification is a housing, economic, and health issue that affects a community's history and culture and reduces social capital. It often shifts a neighborhood's characteristics, e.g., racial-ethnic composition and household income, by adding new stores and resources in previously run-down neighborhoods.
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