Tag: Affordable Housing
Housing Market: Rising mortgage rates won’t lower home prices, as housing crisis looms
Higher mortgage rates and a red hot housing market have brought challenges to residents in parts of the United States, but have done little to cool the market. For the first time since 2011 mortgage rates in the U.S. hit 5%. According ... MORE
Housing: What happens now that home sales are sinking?
Housing markets across the U.S. typically gain momentum during the spring months. However, four straight months of decline in ‘pending sales’ has many economists worried. Is the housing bubble about to burst? Is affordable housing completely out of reach for the average ... MORE
Basic Allowance for Housing for service members will rise in 2022
Services in the U.S. are entitled to Basic Allowance for Housing, and in 2022 one million service members will see an increase. The definition of Basic Allowance for Housing is “equitable housing compensation based on housing costs in local civilian housing markets ... MORE
Affordable rent, homeownership out of reach for minimum wage workers, Lending Tree report finds
A new report by Lending Tree indicates that affordable housing is not attainable for minimum wage workers in any state in the U.S. Policymakers and advocates have called for a $15 minimum wage, but that would not be enough. That wage, twice ... MORE
