Home remodeling will likely grow at a faster pace given the ongoing strength of home sales, house price appreciation, and new residential construction activity, according to our latest Leading Indicator of Remodeling Activity (LIRA).
Even as the US economy continues to recover, the inequalities amplified by the pandemic remain front and center. Households that weathered the crisis without financial distress are snapping up the limited supply of homes for sale, pushing up prices and further excluding less affluent buyers from homeownership. At the same time, millions of households that lost income are behind on their housing payments and on the brink of eviction or foreclosure...
Drawing on three years of fieldwork, this article explains the emergence and persistence of two conflicting styles of street life in Brightmoor, a depopulated, majority Black, poor Detroit neighborhood facing early gentrification.
The Federal Housing Finance Agency (FHFA), the regulator and conservator of Freddie Mac and Fannie Mae, the two government-sponsored enterprises (GSEs), earlier in May released a report titled “Performance of Fannie Mae’s and Freddie Mac’s Single-Family Credit Risk Transfer.” Don Layton argues that the report meaningful in two distinct ways.