The effects of the war in Iran have raised mortgage rates and lowered consumer confidence, making it even harder for house hunters.
Category: Affordable Housing
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First-Time Home Buyers Are Staying on the Sidelines as Costs Rise
The New York Times – Business: -
The Return for These Investors Isn’t Money, It’s More Affordable Housing
The New York Times – Business:Local governments are trying to create housing that is permanently affordable by investing directly in construction. They are rewriting how housing programs have traditionally operated.
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Congress May Finally Recognize That Mobile Homes Aren’t Really That Mobile
The New York Times – Business:An obscure federal rule requires manufactured homes to be built on a chassis, making them more costly. A bill in Congress would remove the mandate, enacted five decades ago.
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How New Yorkers Spend, Splurge and Scrimp to Live in the City
The New York Times – Business:Eliza Shapiro, who reports on New York City’s affordability crisis, asked hundreds of residents to get candid about their finances.