With rental prices rising nationwide, there has never been a better time to examine how high housing costs impact everyday Americans. The Rental Trap is a new MarketWatch column profiling tenants’ Read more
Tag: Affordable/Social Housing
Treasury Secretary Janet Yellen says U.S. economy ‘has failed to live up to the nation’s promise of equal opportunity for all’
The Biden administration announced a slew of new efforts to further racial economic equity during the annual Freedman’s Bank Forum in Washington, D.C. Tuesday. The forum, acknowledging the history of Read more
The record-breaking bet on sports gambling in California faces long odds
Two dueling ballot initiatives to legalize sports betting in California have wagered more than $400 million on their campaigns, but with a month to go until voters decide, the resulting Read more
New York City’s housing market now resembles 2008 in one critical way — and it’s especially bad news for renters
New Yorkers’ rents are rising. The same can’t be said for their wages. New York City’s rental costs soared by 13.4% between August 2021 and August 2022 when adjusted for Read more
White House says it’s making progress on housing shortage — will it be enough?
President Joe Biden’s administration says it’s making progress in its bid to bring down the staggering housing costs helping to fuel inflation nationwide. That shortage has also been blamed in Read more
Americans give U.S. health-care system a dismal score and MacKenzie Scott donates $20 million to California school district where 83% of students are considered low-income
Hi, MarketWatchers. Don’t miss these top stories. Americans give U.S. health-care system a dismal score. Here are their biggest concerns. More than one quarter of people said they or a Read more
More than half of Silicon Valley residents still want to move away, poll finds
There is growing pessimism in Silicon Valley and the Bay Area as residents continue to deal with the high cost of housing, the high cost of living, homelessness, drought and Read more
Opinion: The Federal Reserve is missing a crucial turning point in its fight against inflation because it’s following flawed information
The Federal Reserve can’t see the probable economic crash that is coming because it’s still looking into the rearview mirror, where it sees nothing but high inflation. The danger arises Read more
Rents fell in August for the first time since November 2021, but tenants are still struggling. Here’s why.
For the first time since November 2021, U.S. median monthly rents failed to notch a new record high and even fell a little compared to the previous month — by Read more
Mortgage rates hit 6.29%, Freddie Mac says and rents fell in August for the first time since November 2021
Hi, MarketWatchers. Don’t miss these top stories. Rents fell in August for the first time since November 2021, but tenants are still struggling. Here’s why. Rents dropped from July to Read more