With the effects of the coronavirus and nationwide lockdowns still taking a toll on the economy, becoming a homeowner in 2021 is exceptionally difficult. The housing price boom of 2020 has continued into 2021 with home prices up an astonishing 23%. The idyllic American Dream of owning a home with a picket fence is seemingly out of reach for a huge number of US citizens who simply cannot afford the outrageous prices that even the oldest, dilapidated homes are going for across the United States.… [Read more]
The housing market has always been a large indicator of economic standing. When the economy is doing well, real estate value goes up, rent increases and residents are expected to keep up. However, when the economy is doing poorly, rent prices do not follow the decreasing trend, and for those with stagnant wages, finding affordable housing in big cities is not made any easier.… [Read more]
Buying entry-level housing is considered a safe play in the real-estate world because there will always be people who need homes. But what happens when the business play on cheap housing impacts those living below the poverty line? In affluent places like San Francisco, that is precisely what’s going on.
Wealthy executives have the investment know-how to spot a profitable housing investment, and recently, they’ve turned to non-profit housing operations as a source of income.… [Read more]