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Daily Dose

COVID-19 Exacerbates Low-Income Households’ Cost Burdens

money, cash, dollar

COVID-19 is having an especially pronounced impact on the affordability of housing among low-income individuals, according to a survey from Harvard University's Joint Center for Housing Studies. The newly released American Community Survey shows an ongoing downshift in cost burdens ...

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Freddie Mac: Single-Family Delinquencies Down

The latest monthly volume report from Freddie Mac found a growing mortgage portfolio and a declining level of single-family delinquencies. Freddie Mac reported that its entire mortgage portfolio totaled $137.2 billion in October, an annualized rate of 25.7%. One year ...

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Top 5 U.S. Cities Experiencing Drops in Affordable Homes

money, house, affordable, housing, buying

Many factors determine the affordability of housing on both a local and national level. Looking at the big picture, increased average income and decreased mortgage rates should equal more affordable housing across the country. However, this isn’t the case according ...

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Remote Work Boosts Black Renters’ Ability to Buy Homes

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According to a recent report published by Zillow, the recent rise in remote work, which has resulted from COVID-19, has affected the housing industry in interesting ways. Zillow data shows that among American renters, Black renters are 29% more likely ...

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The Week Ahead: CARES, Home Sales, Construction, and Jobs

The Committee on Banking, Housing, and Urban Affairs will meet Tuesday, December 1 in open-session, hybrid format, to conduct a hearing entitled "The Quarterly CARES Act Report to Congress." Content from the last such quarterly report is documented in this ...

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