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Home Price Appreciation Benefits Some Homeowners but Leaves Many More Scrambling

Pro Builder

While some are swimming in equity, others are drowning in debt—and losing their homes as a result. Property tax increases are causing foreclosure rates to rise in states where homeowners are already facing high unemployment rates, income inequality, and large debt-to-income ratios. Wed, 12/15/2021 - 10:07. Financials.

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Rent Control Policies Gain Traction—Economists Say They’re a Bad Idea

Pro Builder

Just 2% of economists polled by IMG felt rent controls in places such as New York and San Francisco were having a positive impact on affordable housing. million homes, especially at low-income price points, according to Habitat for Humanity. “We America already suffers from a deficit of 3.8

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Young Professionals Have Returned to Cities, Impacting Rents

Pro Builder

The FTSE Nareit Equity Apartments index, which tracks publicly traded apartment companies, increased 42% since January 2021. Rents increased more than 10% over the course of the year, says Realtor.com, a dramatic change from the beginning of the pandemic when job losses rendered renters unable to pay, and occupancy rates dropped to new lows.

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Millionaire Sitt Invests $1 Million To Improve NYC Airport Infrastructure; Launches Global Gateway Alliance

Buisness Facilities Contributed Content

Sitt, CEO of Thor Equities is taking it upon himself to improve the infrastructure of New York City’s airports. In fact, it’s predicted that the New York metropolitan region could well face $79 billion in economic losses by 2025 if we don’t do something about the declining state of our airport infrastructure.

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Cracking the code of affordable housing

BD+C

MFPRO+ Blog Mixed-Use Affordable Housing Senior Living Design Apartments Designers Architects New Project Portfolios A wave of residential projects rising across the country is meeting an insatiable demand, given the estimated shortage of 7.3 million homes that are accessible to low-income renters.

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U.S. CRE Turning Around In 2014, According To New PwC/ULI Report

Buisness Facilities Contributed Content

As a result, the report anticipates that 2014 may be the year that many investors who have traditionally focused mainly on large established markets such as Boston, Chicago, Los Angeles, New York City, San Francisco and Washington, will be expanding their focus to other cities in order to protect capital.

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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

Buisness Facilities Contributed Content

It places extra emphasis on spurring development and private-sector job growth in new Garden State Growth Zones (GSGZ) identified in the legislation as the four lowest median family income cities in the state: Camden, Trenton, Passaic and Paterson.

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