Economic inequality

Affordable Beach Communities Top the List of Metros with the Highest In-Migration According to the 2020’s Hottest Cities for Homebuyers Report from CoreLogic

Retrieved on: 
Wednesday, August 4, 2021
Construction & Property, Finance, Consulting, Banking, Professional Services, Consumer, Other Consumer, Residential Building & Real Estate, Economic inequality, Affordable housing

According to its 2020s Hottest Cities for Homebuyers report, more homebuyers moved to affordable, coastal metro areas in Florida like Lakeland and Tampa, as many moved away from large coastal areas like New York, Los Angeles and San Francisco.

Key Points: 
  • According to its 2020s Hottest Cities for Homebuyers report, more homebuyers moved to affordable, coastal metro areas in Florida like Lakeland and Tampa, as many moved away from large coastal areas like New York, Los Angeles and San Francisco.
  • The metros that topped the list of highest in-migration activity had similar draws for homebuyers.
  • The report notes that these top metros offer more affordability because of lower costs-per-square-foot, lower property taxes, and no state income taxes.
  • To learn more about these residential migration trends, download the full 2020s Hottest Cities for Homebuyers report here .

£85 Million New Initiative For Affordable Housing, Launched by Orchard & Shipman

Retrieved on: 
Wednesday, August 4, 2021
Affordable housing, Economic inequality, Homelessness

SLOUGH, England, Aug. 4, 2021 /PRNewswire/ --In the first initiative of its kind, an 85 million approach to funding for affordable housing with variable tenures that can last from one day to a lifetime is launched today by Orchard & Shipman.

Key Points: 
  • SLOUGH, England, Aug. 4, 2021 /PRNewswire/ --In the first initiative of its kind, an 85 million approach to funding for affordable housing with variable tenures that can last from one day to a lifetime is launched today by Orchard & Shipman.
  • Working with specialist advisors Revenueand Capital, the property management group has secured 85 million to provide up to 300 affordable housing units in a Joint Venture with Bromley Council.
  • "This new funding initiative aims to speed up the urgently needed acquisition of affordable housing for those who find themselves homeless and in temporary accommodation with good quality permanent homes," said Chris Shipman, Chief Executive of the Orchard & Shipman Group.
  • Established in 1988 Orchard & Shipman are a specialist housing group and have been working with the London Borough of Bromley for over 10 years.

TEVOCS Announces Kickstarter Launch of the Most Affordable Universal Portable Power Station for Device & Home Backup Power

Retrieved on: 
Tuesday, August 3, 2021
Affordable housing, Economic inequality, Emergency power system, Mobile, Articles

With an impressive 2080WH capacity and 2000W output, the TEVOCS power station is the ultimate power station for modern life and is available now on Kickstarter: https://www.kickstarter.com/projects/1698759845/tevocs-the-most-affordab...

Key Points: 
  • With an impressive 2080WH capacity and 2000W output, the TEVOCS power station is the ultimate power station for modern life and is available now on Kickstarter: https://www.kickstarter.com/projects/1698759845/tevocs-the-most-affordab...
    Today, people rely on mobile devices and electronics for virtually everything.
  • TEVOCS power station is the most affordable and full-featured universal power station for any situation.
  • In 2020 we set out to create the ultimate portable power system that combined the most advanced features with affordable practicality.
  • TEVOCS Affordable Universal Portable Power Station is the ultimate backup power system for home, travel and all mobile devices.

Investing App Public.com & Nonprofit Commonwealth Launch Partnership to Help Close the Racial & Gender Wealth Gap Through Investing

Retrieved on: 
Tuesday, August 3, 2021
Articles, Distribution of wealth, Social inequality, Economic globalization, Economic inequality, Libertarian theory, Occupy Wall Street, Institutional racism, Racism

"It is clear that labor income alone will not close the gender and racial wealth gap.

Key Points: 
  • "It is clear that labor income alone will not close the gender and racial wealth gap.
  • Black, Latinx and female-led households disproportionately experience financial insecurity due in large part to longstanding, systemic racism and gender discrimination.
  • There is tremendous opportunity, with 65% of women who don't already invest expressing interest in investing, according to recent Commonwealth research .
  • Commonwealth is a national nonprofit building financial security and opportunity for financially vulnerable people through innovation and partnerships to change systems.

Inventory, Affordability Top Housing Market Concerns

Retrieved on: 
Thursday, July 29, 2021
Real estate economics, Real estate industry, Mortgage loan, Economy, Economic inequality

Trenton, N.J., July 29, 2021 (GLOBE NEWSWIRE) -- The first half of 2021 has seen record-setting activity levels for the New Jersey housing market, but continued lack of inventory and concerns over affordability have cooled some buyer activity.

Key Points: 
  • Trenton, N.J., July 29, 2021 (GLOBE NEWSWIRE) -- The first half of 2021 has seen record-setting activity levels for the New Jersey housing market, but continued lack of inventory and concerns over affordability have cooled some buyer activity.
  • In June 2020, the median sales price for a single family home was $355,000, homes were sitting on the market for an average of 62 days, and there was 26,787 single family homes for sale that month.
  • Across the entire market new listings are up 8.8 percent for Q1 and Q2, with 84,622 new listings through June 2021.
  • Lower affordability is due to less housing stock available and the increased entry level price, but continued and sustained low mortgage rates have offset the financial burden slightly.

Prices of the Most and Least Expensive U.S. Homes Are Surging the Fastest

Retrieved on: 
Friday, July 30, 2021
Affordable housing, Economic inequality

Purchases of luxury homes in the U.S. surged 88.2% year over year in the second quarter, while purchases of the most affordable homes rose 56.8%.

Key Points: 
  • Purchases of luxury homes in the U.S. surged 88.2% year over year in the second quarter, while purchases of the most affordable homes rose 56.8%.
  • By comparison, purchases of homes in other price tiers increased between 30% and 45%.
  • For luxury homes, that's partly because affluent Americans have reaped the gains of a strong stock market and swelling savings accounts .
  • The number of homes for sale in the most affordable price tier rose 11.3% year over year during the second quarter.

Middle East & Africa Kitchen Hood Market Outlook 2026 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, July 28, 2021
Other Manufacturing, Manufacturing, Articles, Economy, Kitchen, Rooms, Economic inequality, Marketplace

The "Middle East & Africa Kitchen Hood Market Outlook, 2026" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Middle East & Africa Kitchen Hood Market Outlook, 2026" report has been added to ResearchAndMarkets.com's offering.
  • In the Middle Eastern and African markets, the kitchen hood market is in a very nascent, but promising position.
  • In the Middle East & Africa region, the under cabinet kitchen hood segment accounted for a market of 42.69% in the year 2020.
  • Income disparity, high level of competition between manufacturers international and domestic, as well as different distributors provide for a difficult market for home appliances in the Middle East and Africa.

Pembrook Appoints Advisors for Affordable Housing Lending Business, Broadening Efforts to Address Economic and Racial Inequality

Retrieved on: 
Tuesday, July 27, 2021
Affordable housing, Economic inequality

NEW YORK, July 27, 2021 /PRNewswire/ --Pembrook Capital Management LLC ("Pembrook"), a leading national lender focused on affordable rental housing investments, has appointed two Senior Advisors to expand the firm's efforts to address racial and economic inequality through its affordable housing lending business.

Key Points: 
  • NEW YORK, July 27, 2021 /PRNewswire/ --Pembrook Capital Management LLC ("Pembrook"), a leading national lender focused on affordable rental housing investments, has appointed two Senior Advisors to expand the firm's efforts to address racial and economic inequality through its affordable housing lending business.
  • With more than four decades of experience in municipal finance, he is widely respected as an expert in municipal bonds.
  • He has testified on numerous occasions before Congress on the subject of affordable housing, and has appeared before state agencies and local authorities.
  • NHP Foundation is a 501(c)(3) corporation that has invested nearly $3 billion in the preservation of affordable housing.

Affordability Declined for Third Month in a Row, According to First American Real House Price Index

Retrieved on: 
Tuesday, July 27, 2021
Professional services, Residential Building & Real Estate, Insurance, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Economic inequality, Affordable housing, New York Stock Exchange, Regional science, Articles, Economy, Affordable housing in Canada

First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the May 2021 First American Real House Price Index (RHPI) .

Key Points: 
  • First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the May 2021 First American Real House Price Index (RHPI) .
  • Housing affordability declined on a year-over-year basis for the third month in a row in May, following a two-year streak of rising affordability, said Mark Fleming, chief economist at First American.
  • The drop in affordability was broadly felt as affordability declined year over year in 49 of the 50 markets we track, said Fleming.
  • The next release of the First American Real House Price Index will take place the week of August 30, 2021 for June 2021 data.

Anthem, Inc. Invests in Nearly $90 Million in Affordable Housing in Indiana as part of Commitment to Improving Lives and Communities

Retrieved on: 
Sunday, July 25, 2021
Construction & Property, Insurance, General Health, Health, Hospitals, Professional services, REIT, Residential Building & Real Estate, Affordable housing, Economic inequality, Anthem, Articles, Economy, Companies

Anthem, Inc. has invested in affordable housing funds totaling $87.9 million across the state of Indiana as part of its continuing efforts to improve lives and communities.

Key Points: 
  • Anthem, Inc. has invested in affordable housing funds totaling $87.9 million across the state of Indiana as part of its continuing efforts to improve lives and communities.
  • The Paddocks six buildings encompass 48 units, providing housing for more than 20 children under 18 years of age.
  • Representatives from Anthem, The Paddocks and the Indiana Housing and Community Development Authority join Lt. Gov.
  • (Photo: Business Wire)
    Anthem has committed over $410 million to affordable housing in 45 states, the District of Columbia, Puerto Rico and Guam.