Rising sea levels played a role for about one-third of people who plan to move in the next year. Many respondents say they wouldn’t relocate to an area with climate risk even if it were more affordable. Many Americans are factoring climate change into their decisions about where to live, according to a new Redfin […]
The newly enacted child tax credit has the potential to reduce the number of rent-burdened households with children by nearly 9%. The newly enacted child tax credit, which will put an average of $221 per month into the pockets of families earning $150,000 or less with children, would make housing go from unaffordable to affordable […]
In dozens of American cities including Sacramento and Chicago, formerly redlined neighborhoods have a larger share of homes endangered by flooding than neighborhoods that weren’t targeted by the racist 1930s housing policy. Many of these at-risk neighborhoods remain predominantly nonwhite. Modern flood-risk maps bear a striking resemblance to 1930s redlining maps. Americans living in formerly […]
But even with the substantial home-equity uptick, Black Americans who bought in 2019 still have a median of $89,000 in equity, much lower than $113,000 for white Americans. People who bought homes in primarily Black neighborhoods in 2019 gained a median $59,000 in home equity last year, compared with $50,000 for people who bought homes […]
The fees that sellers pay to buyers’ agents are expected to decline as a federal legal battle ushers in a new era of transparency around real estate commissions. Some home-selling businesses have already started offering lower commission rates. Buyers also stand to benefit, as lower commissions can translate to lower home prices. The typical U.S. […]
An analysis of over 220,000 home sales across a 13-year period found no consistent relationship between the addition of low-income housing and changes in nearby home prices in 18 of the 26 metro areas studied. Construction of low-income housing developments has had no consistent impact on the sale prices of nearby homes, according to a […]