In This Article The two largest expenses for most households are housing and transportation. In fact, they account for over half of the average household budget. The BLS Survey of Consumer Expenditures found that in 2022, the average household spent 33.3% of its budget on housing and 16.8% on transportation. Knock out those expenses, and you instantly have a savings [...]read moreMy Journey to Zero Housing and Transportation Costs
The U.S. Department of Housing and Urban Development (HUD) on Friday announced the availability of $26 million in funding to be distributed to state and local housing agencies to enforce fair housing practices and to combat discrimination. The money will be distributed via noncompetitive funding for HUD’s state and local fair housing enforcement agencies across [...]read moreHUD doles out $26M to promote fair housing and combat discrimination
In This Article The 2024 housing market isn’t turning out how most of us thought. At the beginning of the year, real estate investors were hopeful that mortgage rates would fall, affordability would return, and home prices would have a chance to stabilize before going back up. But none of those things happened. Rates are [...]read more2024 Housing Market Update and Why Prices Are Still Rising
In the first quarter of 2024, 38% of a typical household’s income was needed to make a mortgage payment on a median-priced, new single-family home in the U.S. That’s according to the Cost of Housing Index (CHI) unveiled Thursday by the National Association of Home Builders (NAHB) and Wells Fargo. For low-income families, or those [...]read moreHousing costs continue to burden American families: NAHB
The Fair Housing Classifier is an open-source tool aimed at helping real estate, technology and civil rights organizations create smarter, fair-housing compliant chatbot and search functions for their websites. The code is available on GitHub. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will [...]read moreZillow Launches AI Tool To Stop Fair Housing Discrimination
Isaac Boltansky, managing director and director of policy research at BTIG, said on Tuesday that he does not believe “a second Biden administration is going to move quickly towards” addressing some technical issues to end the GSEs’ conservatorship. In his opinion, the Biden administration may focus on initiatives to improve affordability, which may increase demand [...]read moreWith elections ahead, housing policy analysts discuss the end of GSEs’ conservatorship
Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. If you’re still saying minority homeownership, you’re already losing. It’s time to take a hard look at the data. Any player who will be worth their weight in [...]read moreMajority homeownership: The future of housing is now
Keller Williams’ Julia Lashay Israel offers a glossary to help you navigate the complex landscape of fair housing regulations and provide fair and equal service to all clients. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities [...]read more8 Fair Housing Terms Every Agent Should Know
In This Article Key Takeaways According to a Redfin report, San Antonio is the only major metropolitan area where housing prices are declining right now. Last month, prices were up in all of the 50 most populous metros. New listings are up nationally, but there is still not enough overall inventory to cause prices [...]read moreOnly One Major Market is Seeing Housing Prices Decline Right Now
The U.S. Department of Housing and Urban Development (HUD) on Wednesday announced that the Biden administration has approved a record $1.1 billion in funding for the Indian Housing Block Grant (IHBG) program, and an additional $75 million funding opportunity for the Indian Community Development Block (ICDBG) program to “support housing and community development projects.” The [...]read moreHUD announces $1.1B to fund tribal housing and community development