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San Francisco has been the poster child for skyrocketing home prices in the U.S., with a typical home value of more than $1.26 million, according to Zillow. While there is still heated competition ...
Housing is too expensive – if it’s even available. All real estate is local, of course, and there are very specific reasons why a property in any particular community has the price tag it does.
Climate change will wipe out about $1.47 trillion in U.S. home values over the next three decades and hasten economic gaps in U.S. communities, a report released on Monday finds. Already high ...
Even in regions with relatively abundant market-rate housing, the market can fail to supply safe and sufficient housing to populations with very low income or disabilities that impair independent living. Insufficient public funding has contributed to a distinct housing crisis affecting these groups.
An affordable housing crisis or housing crisis is either a widespread housing shortage in places where people want to live or a financial crisis in the housing market. Housing crises can contribute to homelessness and housing insecurity .
[153] [154] These authors argue that misplaced confidence in innovation and excessive optimism led to miscalculations by both public and private institutions. In March 2007, the United States' subprime mortgage industry collapsed due to higher-than-expected home foreclosure rates, with more than 25 subprime lenders declaring bankruptcy ...
If there's one word that sums up the last five years for the housing market, it's "eventful." From a once-in-a-lifetime global pandemic to shifting weather patterns, these seismic changes have ...
In economics, the primary efficiency requirement in house allocation is PE.There are various algorithms attaining a PE allocation in various settings. Probably the simplest algorithm for house allocation is serial dictatorship: the agents are ordered in some arbitrary order (e.g. by seniority), and each agent in turn picks the best remaining house by his/her preferences.