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Would changing the Fed's inflation target help people afford homes?

Nov 15, 2024
The trick is finding inflation's sweet spot — too much or too little can lead to a lot of problems for the economy and consumers.
If the Fed allows inflation to go up to 4%, then mortgage rates will rise, says Michael Klein, an economics professor at Tufts University.
Frederic J. Brown/AFP via Getty Images

Household debt is up, but Americans are in a better spot to pay it

Nov 13, 2024
Income has grown an average of 6.2% annually while debts have increased 4%.
Americans have more household debt, but more extra money to pay it.
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Inflation is higher in New York and Hawaii than in Tampa and Denver. Why?

Nov 13, 2024
It mostly comes down to one thing: housing.
Housing prices are rising at different rates for people in different regions.
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Billions are spent on housing after disasters. Why does recovery take so long?

Nov 12, 2024
Federal funding doesn't become available for rebuilding efforts until an average of two years after a storm, one study showed.
After a natural disaster, it can take years for states to receive HUD and FEMA rebuilding funds. Above, flooding in Houston, Texas after Hurricane Harvey in 2017.
Thomas Shea/AFP via Getty Images

A shift toward townhouses could address some of America's housing woes

Nov 12, 2024
Medium-density housing is cheaper than traditional homes and might be a better fit for today's American family, says columnist Heather Long.
High-rise apartment buildings are largely not being built in the U.S. Instead, townhouses, like the ones above, are having a moment.
Benjamin C Tankersley/The Washington Post via Getty Images

Hot real estate these days is also climate resilient

Nov 12, 2024
A new report from Zillow shows that nearly all buyers want these features, and home listings are increasingly touting them.
The share of listings that advertise climate-resilient features — like flood barriers, for example — is up about 20% over last year.
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There are several solutions at the local, state and federal level to solve the housing shortage.
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For public good, not for profit.

Why we might not see the usual seasonal home sale slowdown this year

Nov 1, 2024
Pending home sales, a leading indicator for the existing home market, rose nearly 7.5% in September - much more than expected.
Pending home sales, a leading indicator for the existing home market, rose nearly 7.5 percent in September - much more than expected.
Photo by Mark Wilson/Getty Images

Case-Shiller shows dip in home prices, breaking 2024 uptrend

Oct 29, 2024
Home prices are up more than 4% year over year, but the rate of increase is slowing as inventory grows and buyers hope for better deals.
Real estate values may be moderating as more homes hit the market and some buyers anticipate better deals after the election.
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In a tight housing market, fixer-uppers are having a moment

Oct 24, 2024
But the cost of fixing up can be high.
While fixer-uppers may be more affordable to buy, renovations have grown more expensive — including higher lumber and labor costs.
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