Jun 24 ‘Supply crunch has led to an affordability crunch.’ Yellen announces efforts to help with increased housing costs By Fatima Hussein, Associated Press The Biden administration announced new steps to increase access to affordable housing as still-high prices on groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-pandemic years. Continue reading
Jun 01 Watch 5:36 Why rents are still higher in much of the U.S. than before the pandemic By John Yang, Marconja Zor, Kaisha Young Rents today are well above what they were before the pandemic. According to a recent Gallup poll, Americans’ second-highest personal finance concern this election year is the cost of housing, behind only inflation. John Yang speaks with Diane Yentel, CEO… Continue watching
May 30 Watch 5:38 Housing shortage, soaring costs a major concern for voters this election year, polls show By Geoff Bennett, Courtney Norris The cost of housing is a top financial concern for voters this election year, second only behind inflation, according to a Gallup poll this month. It comes as home prices in the U.S. jumped 6.5 percent in March compared to… Continue watching
Mar 27 Watch 5:39 How real estate commission changes could make buying and selling a home cheaper By John Yang, Shoshana Dubnow, Courtney Norris Buying and selling a home could get cheaper after the National Association of Realtors agreed to resolve a lawsuit and rewrite several rules that regulate how commissions are set, advertised and paid. Currently, a person selling their house pays a… Continue watching
Mar 19 Watch 5:33 White House adviser discusses Biden’s plans to counter spiking cost of housing By Geoff Bennett, Stephanie Kotuby, Alexa Gold President Biden took his case for re-election to the swing state of Nevada, where he’s touting new proposals aimed at addressing the high cost of housing. It’s a problem that has vexed the administration, even while previously high prices in… Continue watching
Mar 18 Watch 10:06 Federal housing assistance shrinks as rental prices, homelessness reach historic highs By Stephanie Sy, Mike Fritz Unlike other social safety net programs that continue to expand, federal housing assistance has shrunk to its lowest level in nearly 25 years, even as homelessness and rental prices have hit historic highs. Today, only one in four households that… Continue watching
Mar 15 Americans are frustrated by housing prices ahead of the 2024 election By Josh Boak, Associated Press The shortage is dampening President Joe Biden's assurances that the U.S. economy is strong. And it underscores the degree to which Republican Donald Trump has largely overlooked the shortages. Continue reading
Feb 27 Watch 8:54 Vision for new affordable city in California meets skepticism from locals By Paul Solman, Ryan Connelly Holmes Cities worldwide are becoming overcrowded, overpriced and a source of global warming. That's why a group called "California Forever" is looking to build a livable, affordable, and eco-friendly community near San Francisco. But some local officials and residents are skeptical… Continue watching
Feb 08 Watch 8:22 Half of American renters pay more than 30% of income on housing, study shows By Stephanie Sy, Mike Fritz Rental prices are unaffordable for a record number of Americans with half of all renters paying more than 30 percent of their income on rent and utilities, according to Harvard’s Joint Center for Housing Studies. Stephanie Sy reached out to… Continue watching
Jan 29 Chicago to extend migrant shelter stay limits over concerns about long-term housing, employment By Sophia Tareen, Associated Press The latest policy change includes 60 additional days for many migrants currently in the city's 28 shelters, which include warehouses and park district buildings. Continue reading