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Guest Opinion: Housing’s Fundamental Role in Economic Inclusion

Guest Opinion: Housing’s Fundamental Role in Economic Inclusion

by Raphael Bostic | May 9, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Raphael Bostic is president and CEO of the Federal Reserve Bank of Atlanta. This article is adapted and edited from a recent speech delivered before The Murphy Institute at Tulane University in New Orleans. Housing is so foundational to family well-being and security...
A Phil Hall Op-Ed: Should Biden Erase Mortgage Debt Along with Student Loan Debt?

A Phil Hall Op-Ed: Should Biden Erase Mortgage Debt Along with Student Loan Debt?

by Phil Hall | Apr 8, 2024 | A Phil Hall Op-Ed, Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: Today, while most of the country was looking skyward through special glasses to see a once-in-a-lifetime total eclipse, President Biden was looking at his tanking poll numbers and hastily served up another scheme to erase student loan debt. Biden’s...
The Average Homeowner Spends Nearly $18,000 Annually on Non-Mortgage Expenses

The Average Homeowner Spends Nearly $18,000 Annually on Non-Mortgage Expenses

by Phil Hall | Mar 27, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average U.S. homeowner spends $17,958 each year on non-mortgage expenses, according to new research from Real Estate Witch, an online resource published by Clever Real Estate. The greatest expense involves utilities – the average homeowner spends $5,362 per year....
Pennsylvania Homeowner Assistance Fund to Reopen

Pennsylvania Homeowner Assistance Fund to Reopen

by Phil Hall | Mar 12, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Pennsylvania Housing Finance Agency (PHFA) announced the Pennsylvania Homeowner Assistance Fund (PAHAF) will reopen on March 18 to homeowners struggling as a result of pandemic-related financial hardships. The PAHAF provides financial assistance to eligible...
Zillow: You Need to Make $106,000 to ‘Comfortably Afford’ to Buy a Home

Zillow: You Need to Make $106,000 to ‘Comfortably Afford’ to Buy a Home

by Phil Hall | Feb 29, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

What a difference four years makes – a new data analysis from Zillow (NASDAQ:Z, ZG) found today’s home buyers need to make more than $106,000 to “comfortably afford” a residential property purchase. That sum is 80% more than the money required for the same purchase in...
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