Chris Arnold
Higher mortgage rates and home prices have pushed the monthly payment to buy the median-priced home in the U.S. up more than 50% since the start of last year. Many first-time buyers can’t afford it.
Home prices rose nearly 20% last year, in large part because the U.S. is several million homes short of demand. Builders say the pandemic is partly to blame, but the problem goes deeper than that.
The U.S. is facing its worst affordable housing crisis in generations. The heart of the problem is we just doesn’t have enough homes. There’s too much demand and not enough supply.
The court’s six conservative justices said the CDC exceeded its authority by issuing the two-month pause on evictions in much of the country.
A record low supply of homes for sale and strong demand from buyers are sending home prices to record levels and frustrating homebuyers who keep getting outbid.
Some landlords are evicting tenants despite an order from the CDC aimed at stemming the spread of COVID-19 by preventing evictions. That has led to calls to strengthen protections.
If Congress doesn’t compromise and pass another relief bill, a new study finds a staggering number of Americans will lose a critical financial lifeline as the pandemic worsens.
The Centers for Disease Control and Prevention ordered a nationwide eviction ban for people who can’t pay rent and have no place to go. It’s helping some, but many others are getting evicted anyway.
The move could prevent millions of evictions that housing advocates warn are looming as people who’ve lost work run out of money. Landlords groups want to know who will pay for the lost rent.
Despite high unemployment, a severe recession and economic uncertainty, the housing market is on a tear. Sales are booming, and prices hit a record high. Low rates and remote work are driving factors.
It’s a sign that minority, lower-income, and first-time home buyers are getting hit hard financially amid the pandemic. But a vast majority are protected by Congress from foreclosure.
Housing advocates and landlords alike say if Congress doesn’t extend or replace the extra payments expiring this weekend, millions of out-of-work Americans won’t be able to afford to pay their rent.
The world’s richest man and high-tech mastermind, Jeff Bezos, allegedly was hacked by the crown prince of Saudi Arabia. What do you need to know to protect your phone from perhaps less royal attacks?
A key measure of the economy’s health showed a dramatic pickup, which the Trump administration has touted as a sign its policies are working. But some analysts doubt the higher growth rate will last.
A federal program meant to encourage young teachers has, instead, saddled thousands of them with unexpected debts. “I was in shock,” says Mikayla Rhone, a teacher in Nebraska.
The TEACH grant helps future teachers pay for college or a master’s. Many say that when they started teaching, they were forced to pay it back. A study obtained by NPR suggests thousands are affected.
The Trump administration is considering a policy change to prevent states from making tough demands of companies that collect student loan debt, according to an internal document obtained by NPR.
Former Rep. Mick Mulvaney accepted campaign money from payday lenders. Now he’s in control of the Consumer Financial Protection Bureau, and the agency has delayed implementing payday lending rules.