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Category Archives: Housing

Will NYC become a gradual Atlantis?

New York Magazine – Even locals who believe climate change is real have a hard time grasping that their city will almost certainly be flooded beyond recognition, by Andrew Rice

Klaus Jacob, a German professor affiliated with Columbia’s University’s Lamont-Doherty Earth Observatory, is a geophysicist by profession and a doomsayer by disposition. I’ve gotten to know him over the past few years, as I’ve sought to understand the greatest threat to life in New York as we know it….For the past 15 years or so, Jacob has been primarily preoccupied with a more existential danger: the rising sea. The latest scientific findings suggest that a child born today in this island metropolis may live to see the waters around it swell by six feet, as the previously hypothetical consequences of global warming take on an escalating — and unstoppable — force. “I have made it my mission,” Jacob says, “to think long term.” The life span of a city is measured in centuries, and New York, which is approaching its fifth, probably doesn’t have another five to go, at least in any presently recognizable form. Instead, Jacob has said, the city will become a “gradual Atlantis…”

Where Does All the Money Go: Shifts in Household Spending Over the Past 30 Years

Brookings – Shifts in Household Spending Over the Past 30 Years, Jun 2016. “Economic progress occurs unevenly, diffusely, and at times unpredictably: whole categories of spending diminish or grow as technology and preferences shift. For instance, as the relative price of clothing has plummeted, the share of spending going to clothing has declined; at the… Continue Reading

Data shows how much you must earn to buy a home in 27 metro areas

Tim Manni, HSH.com, Aug 22, 2016: “See [this data to know] exactly how much salary you would need to earn in order to afford the principal, interest, taxes and insurance payments on a median-priced home in 27 metro areas. Key takeaways: Only three metro areas were more affordable during the second quarter: Tampa, Orlando and… Continue Reading

2016 Online Journalism Awards finalists announced

“Finalists for the 2016 Online Journalism Awards, representing a wide range of nonprofit, public, academic, major media and emerging technology organizations from around the globe, were announced today by the Online News Association. Twelve of the awards now come with $53,500 in prize money, courtesy of Knight Foundation, the Gannett Foundation and the University of… Continue Reading

A record 60.6 million Americans live in multigenerational households

“The number and share of Americans living in multigenerational family households has continued to rise, even though the Great Recession is now in the rear-view mirror. In 2014, a record 60.6 million people, or 19% of the U.S. population, lived with multiple generations under one roof, according to a new Pew Research Center analysis of… Continue Reading

Global Trends – Forced Displacement in 2015

United Nations High Commissioner for Refugees – Global Trends – Forced Displacement in 2015 “The total number of refugees has increased for the fifth consecutive year, from 10.4 million at end-2011 – a 55 per cent rise in just four years. This increase was driven mainly by the conflict in the Syrian Arab Republic, which… Continue Reading

The Distribution of Asset Holdings and Capital Gains

“In 2010, more than 70 percent of families directly owned property designated under the Internal Revenue Code as capital assets—that is, assets that can be sold and that typically generate taxable capital gains or deductible losses when sold. Families’ capital assets included their homes, other real estate, privately owned businesses, stocks, corporate and government bonds… Continue Reading

Zillow – Climate Change and Housing

By Krishna Rao on 8/2/2016 “If sea levels rise as much as climate scientists predict by the year 2100, almost 300 U.S. cities would lose at least half their homes, and 36 U.S. cities would be completely lost. One in eight Florida homes would be underwater, accounting for nearly half of the lost housing value… Continue Reading

Obama Administration Announces Nearly 50 Percent Decline in Veteran Homelessness

“The U.S. Department of Housing and Urban Development (HUD), U.S. Department of Veterans Affairs (VA), and the U.S. Interagency Council on Homelessness (USICH) today announced the number of veterans experiencing homelessness in the United States has been cut nearly in half since 2010. The data revealed a 17 percent decrease in veteran homelessness between January… Continue Reading

CFPB Proposes Updates To “Know Before You Owe” Mortgage Disclosure Rule

“The Consumer Financial Protection Bureau (CFPB) today proposed updates to its Know Before You Owe mortgage disclosure rule. The proposed amendments are intended to formalize guidance in the rule, and provide greater clarity and certainty. The changes proposed today would augment implementation of the Know Before You Owe rule, which took effect last year, and… Continue Reading

Survey of Market Absorption of New Multifamily Units 1st Quarter 2016

“The Survey of Market Absorption of New Multifamily Units 2016 First Quarter Absorption report provides absorption details for units constructed in the fourth quarter of 2015. The Survey of Market Absorption of New Multifamily Units is conducted by the U.S. Census Bureau on behalf of the Department of Housing and Urban Development. This survey measures… Continue Reading