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
Jan 11 Energy and housing prices nudged U.S. inflation up, but many other costs rose only mildly By Paul Wiseman, Associated Press The persistence of still-elevated inflation helps explain why, despite steady economic growth, low unemployment and healthy hiring, polls show many Americans are dissatisfied with the economy. Continue reading
Jan 02 Watch 6:06 Why renting over buying might be the favored choice in today's real estate landscape By Geoff Bennett, Dorothy Hastings Buying has almost always been favored over renting when it comes to housing. For generations, the prevailing wisdom has been that renting is a waste of money. But what about now, with a tough real estate market characterized by elevated… Continue watching
Dec 24 Watch 6:08 How a 'perfect storm' of issues is causing a sharp rise in homelessness By John Yang, Kaisha Young The number of Americans experiencing homelessness is now at its highest since records started being kept in 2007, according to estimates in a new report from the federal government. 2023 saw a 12 percent increase in homelessness over the previous… Continue watching
Dec 22 Chronic homelessness is at an all-time high. Here's why it continues to climb By Hannah Grabenstein Data from the 2023 point-in-time count show that around one-third of all people experiencing homelessness nationwide are chronically homeless. Continue reading
Sep 20 Watch 7:50 How rising mortgage rates are increasing the cost of living for millions of Americans By Amna Nawaz, Karina Cuevas The Federal Reserve did not hike interest rates Wednesday, but many Americans are still struggling with the burden of the higher costs of borrowing. The Fed’s series of hikes over more than a year has triggered a big jump in… Continue watching