User: demo Topic: Housing
Category: Foreclosure Impacts on Renters
Last updated: Jul 01 2015 24:37 IST RSS 2.0
 
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10 new Minnesota laws that kick in July 1 30.6.2015 Minnesota Public Radio: Law & Justice
Here's a look at some of the more interesting changes.
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A Big Test for Janet Yellen 19.6.2015 American Prospect
AP Photo/Manuel Balce Ceneta Federal Reserve Chair Janet Yellen speaks during a news conference following a Federal Open Market Committee meeting in Washington, Wednesday, June 17, 2015.  A coalition of California community groups and a local legal aid agency have come up with a novel way to hold a major L.A. area bank accountable for the devastation it has caused Southern California communities as a result of its risky and predatory practices. The California Reinvestment Coalition (CRC) and Neighborhood Legal Services of Los Angeles County (NLSLA) have asked Janet Yellen—chair of the Federal Reserve, the country’s top bank regulator—to halt a planned takeover of Pasadena-based OneWest Bank by the New Jersey-based CIT Group until these banks pay reparations for the damage they caused. CRC and NLSLA have suggested a price tag of $3 billion to create and preserve affordable housing in Los Angeles County. For a decade up to 2008, banks lived high on the hog as federal regulators looked the other way while ...
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Homeownership plunges among millennials in King County 7.6.2015 Seattle Times: Business & Technology
Census data show that the rate of homeownership for the county’s 25- to 34-year-olds is the lowest it’s been since the Gold Rush era
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More older Americans are being buried by housing debt 2.6.2015 Seattle Times: Business & Technology
WASHINGTON (AP) — Al and Saundra Karp have found an unconventional way to raise money and help save their Miami-area home from foreclosure: They’re lining up gigs for their family jazz band. They enjoy performing. But it isn’t exactly how Al, an 86-year-old Korean War vet, or Saundra, 76, had expected to spend their retirement. […]
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Marco Rubio’s struggles with money are back under the campaign spotlight 20.5.2015 Washington Post: Politics
Marco Rubio made $174,000 as a U.S. senator last year. He earned an additional $52,000 from book royalties and a university teaching position, and at least $5,000 more from rental property.And yet the 43-year-old Florida Republican also made what is typically viewed as a desperate financial maneuver — cashing out nearly $70,000 in retirement funds. Read full article ...
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Are people actually buying homes these days? 19.5.2015 Boston Globe: Latest
Are people actually buying homes these days?
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More Americans spending at least half their pay on housing 1.5.2015 Chicago Tribune: Business
The surging cost of rental housing has squeezed a rising proportion of U.S. families since the Great Recession struck in ...
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More Americans spending at least half their pay on housing 1.5.2015 AP Business
WASHINGTON (AP) -- The surging cost of rental housing has squeezed a rising proportion of U.S. families since the Great Recession struck in 2007....
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How Government Policies Cemented the Racism that Reigns in Baltimore 30.4.2015 American Prospect
(AP Photo/Patrick Semansky) A boy runs from a public housing development toward the intersection where Freddie Gray was arrested, Friday, April 24, 2015, in Baltimore. Gray died from spinal injuries about a week after he was arrested and transported in a police van. But the unrest that followed is as much a comment on 100 years government housing policies that continue to the present day as it is about unjust policing.   This article originally appeared on the website of the Economic Policy Institute , under the title, " From Ferguson to Baltimore: The Fruits of Government-Sponsored Segregation ". In Baltimore in 1910, a black graduate of Yale Law School purchased a home in a previously all-white neighborhood. The Baltimore city government reacted by adopting a residential segregation ordinance , restricting African Americans to designated blocks. Explaining the policy, Baltimore’s mayor proclaimed: “Blacks should be quarantined in isolated slums in order to reduce the incidence of civil disturbance, to ...
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The Minneapolis and St. Paul Home Tour kicks off this weekend with 50 houses 24.4.2015 Star Tribune: Business
The sure signs of spring have arrived: birds chirping, grass greening and waves of homebuyers filling up the market. To satisfy the inquiring minds of hopeful buyers and home-improvement aficionados, the Minneapolis and St. Paul Home Tour will open the doors to more than 50 homes across the two cities this weekend, with an emphasis on historic homes, creative renovations, remodeling and urban landscaping.
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Detroit Just Had the Single Largest Tax Foreclosure in American History 22.4.2015 Mother Jones
This story first appeared on the TomDispatch website. Unlike so many industrial innovations, the revolving door was not developed in Detroit. It took its first spin in Philadelphia in 1888, the brainchild of Theophilus Van Kannel, the soon-to-be founder of the Van Kannel Revolving Door Company. Its purpose was twofold: to better insulate buildings from the cold and to allow greater numbers of people easier entry at any given time. On March 31st at the Wayne Country Treasurer's Office, that Victorian-era invention was accomplishing neither objective. Then again, no door in the history of architecture—rotating or otherwise—could have accommodated the latest perversity Detroit officials were inflicting on city residents: the potential eviction of tens of thousands, possibly as many as 100,000 people, all at precisely the same time. Little wonder that it seemed as if everyone was getting stuck in the rotating doors of that Wayne County office building on the last day residents could pay their past-due ...
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Aldermen make changes to Chicago foreclosure ordinance 13.4.2015 Chicago Tribune: Popular
A Chicago City Council committee took steps Monday to ensure a speedy turnaround for tenants who are living in foreclosed properties and are entitled to get a new lease or moving assistance under city ...
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Despite improving market, many Twin Cities homeowners still under water 3.4.2015 Minnesota Public Radio: News
Many Twin Cities homeowners still owe more on their properties than they are worth. By one measure, more than 15 percent of mortgages are under water.
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1000s of Detroit-area property owners apply for help to avoid foreclosure; deadline Tuesday 31.3.2015 Star Tribune: Politics
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Mass Tax Foreclosure Threatens Detroit Homeowners 31.3.2015 NPR: All Things Considered
Tuesday is the deadline to begin what many call the largest U.S. mass tax foreclosure. With the city counting on tax revenue, the owners behind on payments may be forced out of their homes.
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Why are so few homes for sale in the Bay Area? 21.3.2015 SFGate: Business & Technology
The Bay Area housing market has also been suffering from an inventory drought. Real estate activity always slows in winter, but the number of homes and condos sold in the Bay Area in January and February were the lowest in seven years for those two months, according to CoreLogic Dataquick. On well-located remodeled homes (on the Peninsula), you could have eight to 12 offers and probably two will be at asking and the rest will be over asking. The Arden, a 267-unit condo development in San Francisco’s Mission Bay, sold out last fall even though owners can’t start moving in until the third quarter of this year, said Alan Mark, president of the Mark Co. At the current rate of sales, it would take roughly 1.3 months to sell all of the existing homes and condos on the market in San Francisco, according to the San Francisco Association of Realtors. Everyone knows the supply of new homes in the Bay Area is falling far short of job and population growth, but the number of existing homes being put up for sale ...
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Some things to know about Detroit’s $500 properties 13.3.2015 Seattle Times: Real Estate
Properties may come with liens, water bills and back taxes totaling thousands of dollars — and even the former owners.
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5 things to know before you think about buying a $500 house in Detroit 12.3.2015 Star Tribune: Business
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Amid Detroit's resurgence, foreclosure crisis still threatens homeowners 8.3.2015 LA Times: Nation
The new owner and the former owner faced off in the hallway of the brick house, which sits on a pleasant, tree-lined street. Howard Franklin and his daughter, Catherine, wanted to move in, but the people who had lost the home in a tax foreclosure had not moved out.
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Chicago's problem landlord list has problems of its own 28.2.2015 Chicago Tribune: Business
The 25-unit apartment building that hugs a corner in Chicago's West Garfield Park neighborhood failed almost 50 inspections during a nine-year period. In late January, the building and its owner landed on the city's first list of "problem" ...
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