Rent prices are helping to fuel inflation, new government data shows, seeing their largest monthly increase in more than three decades. The consumer price index jumped by a stunning 9.1% Read more
Tag: Affordable/Social Housing
‘They’ve owned these pets for years’: People are giving up family dogs they adopted long before the pandemic, mostly due to inflation, shelters say
Renters aren’t the only ones frantically searching for homes in New York City — pets are falling victim to the city’s housing wars, too. Animal Care Centers of NYC’s three Read more
Opinion: Restrictive zoning is the main factor squeezing the supply of housing
One outcome of the COVID-19 pandemic was a significant rise in house prices. Prices rose by 13.5% from March 2020 to March 2021 and by an additional 20.6% from March Read more
‘Peak inflation is not here yet’: Rents continue to rise, putting pressure on would-be homebuyers. That’s bad news for the Fed.
Rents will continue to rise, contributing to inflation, until the end of the year, economists say. With home prices and mortgage rates this high, many prospective homeowners are choosing to Read more
This city is ‘the epicenter of the housing crisis,’ says a Biden administration official
U.S. Department of Housing and Urban Development Secretary Marcia Fudge dubbed sunny Miami the “epicenter of the housing crisis in this country” during a visit Tuesday. Fudge made that stark Read more
Institutional investors have bought hundreds of thousands of single-family homes, many in Black communities. Critics say it’s creating a ‘generation of renters’
Democratic lawmakers are scrutinizing whether the American dream of a suburban home and white picket fence is being seized upon by large institutional investors, costing working people a shot at Read more