At the Richmond Fed, we serve Virginia but also the District of Columbia, Maryland, West Virginia and the Carolinas. We are constantly on the ground working to better understand the economy. Just last year we had over 1,700 community engagements. These meetings take...
It is well known and documented that Native Americans in tribal areas have some of the worst housing needs in the United States. The issue of safe and affordable housing for tribal members has been in a crisis state for decades, if not centuries. According to a study...
The past decade has seen increasingly tight housing markets due to strong demand and limited supply. Since the Great Recession, the U.S. has not built enough housing to keep pace with demand created by job and population growth, leading to historically low vacancy...
Fifteen years ago, in mid-September, Lehman Brothers collapsed and the financial system crashed. Troubles in the U.S. mortgage market infected the entire globe, and American families and businesses lost trillions of dollars and experienced an incalculable level of...
Here is how to entice home sellers back into the market. By Dan Mugge Thirty-seven percent of existing homeowners say they want to move but are staying in their current home because of the risks and hassles that come with buying and selling simultaneously. Real...
The housing supply has fallen to a historic low. Builders have not been able to keep pace with demand, resale stock is in short supply due to many social and economic factors, and the demand for housing from the millennial generation continues, with a younger...
