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Category Archives: Housing

Massive new data set suggests economic inequality is about to get even worse

Washington Post – “…inquiries into how fast wealth grows relative to the economy have been hampered by a lack of good, complete, comparable long-term data on the rates of return for various assets: stocks, bonds, real estate and the like. You’d want this to know what you’d expect a “natural” rate of return to be in an economy such as ours: How much would you expect home prices to appreciate over time? What about the expected return on the stock market over the decades? How about government bonds? Now a working paper, written by Federal Reserve Bank of San Francisco economist Òscar Jordà and others, purports to calculate just that: “The Rate of Return on Everything.” After compiling this first-of-its-kind data set, Jordà’s team makes a startling conclusion: If anything, Piketty’s book underestimates the historical rate of return on wealth. “The same fact reported [by Piketty] holds true for more countries and more years, and more dramatically,” the researchers conclude. Wealth accumulates faster — much faster — than economies can keep up. If this is true, it means that in coming years, wealth inequality could grow even faster than Piketty feared. The gap between wealth accumulation and economic growth has been a constant feature of the world’s most advanced economies for nearly the entire period from 1870 to 2015, the researchers found. They compiled a database of the annual rate of return on four major types of wealth: government bonds, treasury bills, stocks and residential real estate…”

New data on: Commuting Times, Median Rents and Language other than English Use

“The nation experienced an increase in commuting time, median gross rent and a rise in English proficiency among those who spoke another language. These are only a few of the statistics released today from the U.S. Census Bureau’s 2012-2016 American Community Survey five-year estimates data release, which features more than 40 social, economic, housing and… Continue Reading

Commuting Times, Median Rents and Language other than English Use in the Home on the Rise

New American Community Survey Statistics Provide Local Data for Every Community Nationwide – “The nation experienced an increase in commuting time, median gross rent and a rise in English proficiency among those who spoke another language. These are only a few of the statistics released today from the U.S. Census Bureau’s 2012-2016 American Community Survey… Continue Reading

HUD survey tracks rise in homeless people across America

AP: “The nation’s homeless population increased this year for the first time since 2010, driven by a surge in the number of people living on the streets in Los Angeles and other West Coast cities. The U.S. Department of Housing and Urban Development released its annual Point in Time count Wednesday, a report that showed… Continue Reading

Facebook to Temporarily Block Advertisers From Excluding Audiences by Race

The social network’s actions come after a ProPublica investigation revealed that Facebook failed to keep its promise to reject discriminatory housing ads. “Facebook said it would temporarily stop advertisers from being able to exclude viewers by race while it studies the use of its ad targeting system. “Until we can better ensure that our tools… Continue Reading

Maryland Investigating Kushner Real Estate Practices

The probe by the Maryland attorney general comes after reports by ProPublica, The New York Times and The Baltimore Sun about the firm’s aggressive treatment of tenants. “The suit follows a May 23 article jointly published by ProPublica and The New York Times Magazine that detailed the Kushner Companies’ highly litigious dealings with the people who rent apartments in… Continue Reading

Zillow – Climate Change and Homes: Who Would Lose the Most to a Rising Tide?

From an article by Lauren Bretz, October 18, 2017: One-third (32 percent) of underwater homes would be valued in the bottom third nationally, meaning $123 billion in losses. Two in five (39 percent) underwater homes would be valued in the top third nationally, translating to $597 billion in lost high-end real estate. In rural and… Continue Reading

The Partisan Divide on Political Values Grows Even Wider

Pew – Sharp shifts among Democrats on aid to needy, race, immigration “The divisions between Republicans and Democrats on fundamental political values – on government, race, immigration, national security, environmental protection and other areas – reached record levels during Barack Obama’s presidency. In Donald Trump’s first year as president, these gaps have grown even larger.… Continue Reading

Do you live in a distressed U.S. neighborhood? This map will tell you

“How prosperous is your neighborhood? The Economic Innovation Group, a nonprofit research and advocacy organization, has released a new report and an interactive tool that tells you how your zip code stacks up to the rest of the country—and illustrates just how geographical economic inequality is growing across the U.S.” Continue Reading

Socrata launches Find Shelter application for victims of disasters

GCN: “…The Federal Emergency Management Agency puts out information on hurricane shelters every 20 minutes during natural disasters through its application programming interface. Socrata decided during Hurricane Irma to input the information into its geographic information system for a new web-based platform called Find Shelter. This week, capabilities were added to the platform to include… Continue Reading

Fortune – Change the World List

Fortune places JPMorgan Chase at the top of the latest Change the World List – doing well by doing good:  “More companies than ever are using the profit motive to solve a multitude of societal problems. Here’s our third annual list of the best of them. Click here to read more about the list and… Continue Reading

AXIOS Graphic – Thirty years of Atlantic hurricanes

“This is a history of every Atlantic storm tracked by the National Oceanic and Atmospheric Administration since 1987. Hurricane Irma is forecast to be the second major hurricane to stroke the mainland United States in as many weeks. With two devastating storms already in the books, the 2017 Atlantic hurricane season is shaping up to… Continue Reading