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Tag: Housing Affordability

California Governor Gavin Newsom has banned all evictions in the state through May for renters impacted by coronavirus

Newsom's order protects tenants who get sick with COVID-19, need to stay home to care for others, or lose their job or income and can't pay rent.
The US is on recession watch as stocks fall amid the spread of coronavirus.

The top 25 recession-proof cities in the US

The coronavirus pandemic has sent the US economy plunging, sparking recession fears. Morgan Stanley predicted a 30% drop in GDP in the second quarter.
A shack in San Francisco that's on the market for nearly $2 million.

An ‘uninhabitable’ shack in San Francisco that’s missing a wall just sold for $2 million, and it showcases the real value of land in...

Located in Potrero Hill, the shack made headlines back in May when it was listed for $2.5 million. It just sold for $2 million.
Sister Christina presides over a valuable real-estate portfolio.

The story of how a nun played private equity’s game and created affordable housing in the Bay Area

Sister Christina buys property with donated money and deed restricts them as affordable forever. She currently runs 10 buildings with 87 apartments.
Living in a home you can easily afford is the key to building wealth.

A woman who studied 600 millionaires discovered where you choose to live has 2 effects on your ability to build wealth

Your neighborhood affects your savings — if you live in an affluent neighborhood, you're more likely to mirror your neighbor's consumption habits.
Millennials hold relatively little real estate value compared to baby boomers at their age.

One astonishing statistic shows just how behind American millennials are when it comes to homeownership

Millennials own 4% of real estate value, compared to 32% of baby boomers at their age thanks to rising housing costs and lack of starter homes.

Police were armed with riot gear, a battering ram, and a robot to evict 2 homeless moms and 2 activists from an empty house they were occupying to pro...

Moms 4 Housing took over the empty home to call attention to real estate companies buying homes and leaving them empty amid a homelessness crisis.
Four cities in California made the list.

The 25 most expensive cities around the world to rent a two-bedroom apartment

Hong Kong is the world's most expensive city to rent in, while San Francisco is the most expensive in the US. See how much it costs to rent worldwide.
Millennials are finally looking to buy homes.

The top 30 US cities where millennials are looking at buying homes right now

A recent LendingTree report looked at the most popular cities where millennials are house hunting. Of the top 10, most are in the north and midwest.
Some experts predict that Gen Zers are more likely to become homeowners than millennials.

Gen Zers are more likely to become homeowners than millennials, according to some experts

Experts think the homeownership rate will increase in the next 15 years because of an increased desire to own a home and live in an affordable city.