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
Aug 31 Watch 8:27 U.S. Commerce Secretary discusses trip to China amid military and economic tensions By Nick Schifrin, Dan Sagalyn, Zeba Warsi This week, Commerce Secretary Gina Raimondo became the latest high-ranking U.S. official to visit China and engage with top Chinese leadership. She went during a time of security and trade tensions between the two global giants and China's ongoing economic… Continue watching
Aug 17 Average long-term U.S. mortgage rate climbs to 7.09 percent this week, highest level in over 20 years By Alex Veiga, Matt Ott, Associated Press Sharply higher rates are contributing to a dearth of available homes, as homeowners who locked into lower borrowing costs two years ago are now reluctant to sell and jump into a higher rate on a new property. Continue reading
Aug 05 Analysis: Why your home might feel hotter than the thermostat says, and tips for cooling it down By Jonathan Bean, The Conversation Thermostats don’t tell the whole truth about heat, particularly in older homes. Continue reading
Jul 30 Biggest apartment construction boom in decades likely to bring renters uneven relief By Alex Veiga, Associated Press When viewed through a wide lens, renters across the U.S. finally appear to be getting some relief, thanks in part to the biggest apartment construction boom in decades. But a closer look shows the trend will likely be little comfort… Continue reading
Jun 24 Watch 5:46 Evictions skyrocket as rising rents squeeze low-income Americans By John Yang, Kaisha Young Eviction filing rates are soaring after the pandemic’s renter protection programs expired. One reason is the rising rents and a shortage of affordable housing for those with the lowest incomes. Diane Yentel, CEO and president of the National Low Income… Continue watching
Jun 17 Eviction filings soar over 50% above pre-pandemic levels in some cities as rents increase By Michael Casey, R.J. Rico, Associated Press Among the hardest-hit are Houston, where rates were 56 percent higher in April and 50 percent higher in May. In Minneapolis/St. Paul, rates rose 106 percent in March, 55 percent in April and 63 percent in May. Continue reading
Mar 03 More seniors are becoming homeless, and experts say the trend is likely to worsen By Hannah Grabenstein Since 1990, the percentage of unhoused people who are older than 50 has risen from 11 percent to nearly 50 percent. Researchers say it will only get worse. Continue reading
Feb 13 Watch 6:13 White House outlines plan to address nation's soaring rent prices and protect tenants By Laura Barrón-López, Ali Schmitz, Lorna Baldwin, Tess Conciatori, Matt Loffman Intending to address the nation’s soaring rent prices, the Biden administration announced a new effort to protect tenants and make renting more affordable. The plan comes after a year of meetings with industry and tenant advocates. Laura Barrón-López reports. Continue watching
Dec 08 Watch 8:14 How suburban zoning rules are stifling development and causing rents to spike By Paul Solman, Sam Weber The cost of housing has risen dramatically over the last several years, helping drive levels of inflation not seen in decades. One key factor is that in many places, building has not kept up with demand. The suburban counties of… Continue watching