Markets News 

Incredible, disappearing home down payment…

“This trend, however, was papered over by the explosion of easy mortgage lending that began nearly twenty years ago and culminated in the bursting of the real estate bubble in 2006” writes Dave Lawler for axios.com. Many real estate markets across the U.S. are in the midst of an affordability crisis because of rising home prices , tight access to credit, and a homebuilding industry that has been slow to build new homes . Source: axios.com Share This:

Read More
News 

These factory-made homes the size of a London Underground carriage could help fix London’s housing crisis

“He has an interesting theory as to why the government is so interested in modular housing” writes Thomas Colson for businessinsider.com. Business Insider sat down with Val Bagnall, Apex’s business development director, at property conference Resi Conf last week. Source: businessinsider.com Share This:

Read More
News 

Ask Brianna: How can I budget when my rent is so high?

“In 2015, almost half of all U.S. renters were cost-burdened, meaning they spent more than 30 percent of their income on housing, according to the Joint Center for Housing Studies of Harvard University” writes The Associated Press for seattletimes.com. But when you enter your information into a budget calculator , rent might take up nearly the entire “necessities” category.In the meantime, try these budgeting strategies so you can pay the rent, then make room to build savings and reduce debt.How can I manage other financial priorities, like paying off debt,…

Read More
Crypto Markets News 

Blockchain, factory-made homes, and ‘the American model’: 5 fixes for Britain’s broken housing market

“The theme was fixing Britain’s “broken” housing market, a phrase borrowed from the government’s own white paper on the issue” writes Thomas Colson for businessinsider.com. LONDON – Technology and changing demographics are having a huge impact on the UK housing industry, with some hopeful they can help alleviate the country’s housing crisis. Source: businessinsider.com Share This:

Read More
News 

Why Americans are renovating, not buying new homes

“The number of years homeowners expected to stay in their homes started increasing during the housing plunge and has been at 15 years since 2010” writes Gail Marksjarvis for seattletimes.com. Before the crash it was common for people to buy starter homes, stay in them five or six years, and then move up to a larger place as their family grew or the home became outdated. Source: seattletimes.com Share This:

Read More
News 

Theresa May successfully fought against new homes in her constituency weeks before unveiling huge increase in housing targets

“Theresa May successfully fought off plans to build new homes on a greenfield site in her constituency weeks before announced plans for a huge increase in housebuilding in the Home Counties” writes Chief Political Correspondent for telegraph.co.uk. Conservative MPs are already up in arms at plans, unveiled on Thursday by the Government, to force communities in some of the most desirable parts of England to accept up to 40 per cent more homes to deal with the housing crisis. Analysis of the Government’s plans show that several Cabinet ministers’ constituencies…

Read More
News 

Retiring and want to stay in your home? Here are your options

“Others might go for a retirement community, where they can downsize their home and have neighbors in similar phases of their lives” writes Alessandra Malito for marketwatch.com. Not even a third of the current housing stock meets the accessibility needs of older Americans, such as no-step entrances and bedroom and bathrooms on the first floor. Source: marketwatch.com Share This:

Read More
News 

Texas could seek $50B in federal housing aid after Harvey

“Greg Abbott says Texas expects to seek more than $50 billion in federal housing funding after Hurricane Harvey” reports thebostonchannel.com. The governor said he’s been told by the White House and members of Congress that as many as three more federal aid packages for Harvey victims may be approved before the end of the year.Abbott said at a news conference Thursday that those displaced by the storm can seek help via community development grants covering long-term housing needs as well as temporary costs while waiting for their homes to be…

Read More