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In 2023, 56.2% of Black or African American households spent more than 30% of their income on housing costs, compared to 49.7% of the total population. Among Hispanic households, 53.2% were cost ...
After the COVID-19 pandemic, some baby boomers whose children have moved away have found it prohibitively expensive to move into smaller homes, a paradox caused by the higher prices of newer homes, tax benefits given to long-time owners, higher interest rates, and low supply of appropriately-sized housing caused by restrictive zoning that ...
Housing inventory began to dwindle starting in early 2012 as hedge fund investors and private equity firms purchase single-family homes in hopes of renting them out while waiting for a housing rebound. [41] [42] Due to the policies of QE3, mortgage interest rates have been hovering at an all-time low, causing real estate values to rise. Home ...
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Breaking down housing inequality amid coronavirus. June 3, 2020 at 2:16 PM ...
In much of the world, incomes are too low to afford basic formal housing, [2] as housing expenses have increased faster than wages in many cities, especially since the global financial crisis of 2008. [3] In some places, this leads to informal settlement in slums or shantytowns, while in others such informal settlements are prohibited. [2]
The U.S. Census Bureau found that if housing costs were taken out, inflation at the end of 2023 would have been 1.8% instead of 3.2%. [51] Reuters noted how shelter costs or 'shelter inflation' surged during the pandemic. [52] Artificial scarcity in the supply of housing, due to NIMBYism, has been a significant factor in making housing more ...
He learned about the area’s modest housing costs and Choose Topeka, a program that offers up to $15,000 to remote workers who move to town and buy a house. (At the time Jaggers moved, the ...