Black, Hispanic/Latino and ethnically mixed communities were hardest hit by the housing crisis during the mid-late 2000s, a terrible situation that was made worse by the phenomenon known as "white flight."
According to a new report, Latinos aspire to home ownership, but many lack the savings, down payment and/or credit to purchase a home. To a greater extent, home ownership eludes the U.S. Hispanic population.
U.S. Department of Housing and Urban Development Secretary Julián Castro defended the current housing safeguards but recognized the several difficulties in the housing market.
Groundbreaking and building permits both jumped in September Contractors are getting more building permits and breaking ground on more homes as the U. S.
New home sales fell in July for the second straight month Homebuilders in July saw a decrease in new-home sales in the U. S. for the second straight month, but prices have started to moderate and should help the market in the near future.
Despite increase in consumer prices, economists say the market has momentum After two straight months of declines, U. S. housing starts bounced back sharply in July, suggesting that the economy is gaining some momentum, according to a Reuters report based on Commerce Department data.
Ownership rate has fallen nearly 5 points since 2004 high The American dream of owning a home appears to be eroding, as fears from the recession linger and people are increasingly choosing to rent, according to a Reuters report.
Economists had predicted a much stronger month in residential building. Housing starts and residential building permits fell in June to the lowest rate since September, indicating the housing recovery may be slowing, according to a Reuters report on U.
While the housing market continues to recover following the Great Recession, millennials are reportedly more cautious about purchasing a home and cite financial reasons. Young adults between the ages of 18 and 34 said finances are the "single biggest obstacle" preventing them from becoming homeowners.
San Antonio mayor expected to be confirmed for HUD post soon A U. S. Senate panel on Wednesday approved San Antonio Mayor Julian Castro to head the Department of Housing and Urban Development, according to a Reuters report.
Consumer confidence reached new heights in June with levels not seen since January 2008. According to the Consumer Board, via MarketWatch, consumer confidence hit 85.2 percent in June, which is the highest percentage since lows during the early recession six years ago.
CNN and ORC International released a poll on Friday that looks at the American economy by the numbers in relation to the conflicting perspective that most Americans have on the current economy.
Minorities have more difficulty finding housing opportunities due to racial discrimination, according to a new study from the U.S. Department of Housing and Urban Development.
According to a new study, the passage of immigration reform in Washington would add about three million new homeowners to the real estate market and spearhead a recovery for the ailing housing sector.
