Housing Cash Offers Are Upending the Housing Market Amid Low Supply Banks are swooping in with cash to buy homes as regular people wait for a mortgage approval. That’s leading to a spike in home prices after COVID reduced supplies for building materials, Karan Kaul of the Urban Institute explains.
coastal erosion How California's Crumbling Coastline Affects the Housing Market in Idaho Coastal erosion and sea level rise are collapsing cliffs on the California coast and threatening multimillion dollar homes and critical infrastructure. And that is creating a chain of events that reaches far inland — affecting housing markets in places like Coeur D’Alene, Idaho. NBCLX storyteller Chase Cain explains how coastal erosion affects all of us — and why it’s a...
California This Desert City of Dreams Sees a Future in the Cannabis Industry The city so nice they named it twice? That’s a phrase usually reserved for New York City. California City has a different story: one of the largest cities in the state, but mostly undeveloped desert land. NBCLX Storyteller Cody Broadway explains the dream sold to many who bought land in the Mojave Desert and waited for a bustling community that...
Housing Some Reap Benefits of a ‘White Hot' Housing Market, but Others Need Help While the post-pandemic demand for houses along with a low supply created a price spike, not everyone is reaping the benefits. Millions of homeowners entered forbearance and many renters are struggling to pay rent as eviction protections begin to expire this summer. It’s a “race” to get more relief measures passed, says Chris Herbert of the Harvard Joint Center for...
Housing Zoning Laws Have Roots in Segregation. How Do You Change Them? Zoning laws in many locations favor single-family homes, a practice that has excluded many less wealthy people and people of color from communities. 7 states now have or are considering “upzoning” laws that would allow for more apartment buildings and multi-family units, and help desegregate housing. Sara Bronin, founder of Desegregate CT, talks with LX News.
Housing Crisis Ripple Effects: Protecting the Unemployed From the Looming Eviction Crisis James Ryan, the President of Time For Homes, joins us to speak about housing insecurity and the growing number of evictions as ripple effects from COVID-19.
earthships Earthships: Inside a Model of Self-Sustainable Living in Taos In Taos, New Mexico, a team is building a model of self-sustainable, off-the-grid living called Earthships. The concept was pioneered by Michael Reynolds 50 years ago and has been evolving ever since. He said the structures meet the six key human needs by providing shelter, water, food, energy, sewage treatment and garbage management.
purpose over profit This Luxury Real Estate Company Is Building Homes for Families in Need in Central America In our latest installment of “Purpose Over Profit,” LX News talked to Laura Brady, the founder and CEO of Concierge Auctions, a high-end real estate auction firm that is building a home for a family in need for every home it sells. Laura Brady said the company has funded the construction of more than 200 homes in El Salvador and...
Housing Crisis This Advocate for Affordable Rent Proves Anyone Can Be Housing Insecure Laura Bustamante’s job involves helping members of her New Jersey community access affordable housing, despite not making enough money to afford rent herself. Bustamante, who works for the Jersey City Council, walks host Satchel Lee through specific local policies that can help communities across the country facing a housing crisis.
Coronavirus How the Coronavirus is Impacting the Housing Market The spread of COVID-19 is also touching the housing market. The pandemic and its impact on jobs and the economy have many potential buyers and sellers thinking twice about their plans. But what effect are these concerns actually having on home sales? NBCLX storyteller Clark Fouraker explains why it’s still business as usual for some (but not for long?).
