Housing

**Housing Crisis Averted: President Biden Proposes Groundbreaking Solutions in State of the Union Address**

by

Washington, D.C. – In his upcoming State of the Union address, President Biden will unveil a series of new housing initiatives aimed at tackling the challenges faced by homebuyers in the current market. These proposals include tax credits to help offset high mortgage rates for first-time buyers, as well as incentives to encourage existing homeowners to put their starter homes on the market. The new initiatives will provide middle-class, first-time buyers with financial support in …

Read more

Rising Home Prices: The Startling Truth Behind the 2024 Housing Market Boom

by

Los Angeles, California – Home prices in Los Angeles continued to surge in 2024, with the median sale price for existing homes increasing by 4.4% in December 2023 compared to the previous year, according to data from the National Association of Realtors. Additionally, mortgage rates have doubled since early 2022, standing at 6.8% as of mid-February, a significant rise from just over 3% at the beginning of 2022. The current housing market, described by Daryl …

Read more

Mortgage Rates Surge Towards 7% – Homebuyers Panic as Housing Affordability Sinks

by

LAS VEGAS, Nevada – Mortgage rates have continued to rise for the third consecutive week, reaching levels close to 7%. According to data from Freddie Mac, the 30-year fixed-rate mortgage averaged 6.90% in the week ending February 22, a notable increase from the previous week’s 6.77%. This stands in comparison to last year’s average of 6.50%. The trend of rising mortgage rates comes after a period of relative stability in the market, which had seen …

Read more

Rent Crisis: Millions Face Financial Turmoil as Housing Becomes Unaffordable

by

DENVER, Colorado – The soaring cost of rent in cities like Denver has left millions of Americans, especially people of color, in a financial bind as they struggle to keep up. For single mom Caitlyn Colbert, the monthly juggle between rent and essential expenses became a daunting and near-impossible task. Over a decade, her rent for a two-bedroom apartment skyrocketed from $750 to a staggering $3,374, leaving her with tough decisions to make every month. …

Read more

8% Mortgage Rates: What It Means for Housing Market in 2024?

by

Washington, DC – Mortgage rates have recently experienced significant fluctuations, reaching a 20-year high of 8% in October before sharply declining. These fluctuations have been influenced by the Federal Reserve’s stance on interest rate increases, which impacts the yield on the 10-year Treasury, a key factor in determining mortgage rates. Despite the recent decline in mortgage rates, the housing market has been characterized by high prices and low supply, making 2023 the worst year for …

Read more

Tragedy: Prominent DC Man Mike Gill of Housing Policy Council Victim of Deadly Rampage

by

WASHINGTON, D.C. – The community mourns the tragic passing of Michael “Mike” Gill, a 56-year-old senior vice president of the Housing Policy Council who was critically wounded in downtown Washington during a crime rampage. Gill, described as highly competent, devoted, and good-natured by those who knew him, was shot and fatally wounded in a carjacking incident on Monday evening. He leaves behind his wife and three children, as well as a legacy of dedicated service …

Read more

Rafah in Crisis: Israel’s Defense Minister Shifts Focus to City Housing Half of Gaza’s Population – UN Agency Pleads for Funding Reversal

by

Israel’s Defense Minister announced that the focus of the military operation will shift to Rafah, a city in southern Gaza that now houses nearly half of the enclave’s population. The UN Relief and Works Agency, which provides aid to Palestinian refugees, has urgently appealed to countries such as the United States, Britain, and Germany to reconsider their decision to suspend over $440 million in funding. This suspension came after Israel accused UNRWA staffers of participating …

Read more