Marin might help public housing residents buy homes

Low-income residents in Marin City could receive assistance in achieving homeownership from the Marin Housing Authority under a new strategy under consideration.

Marin County Housing Authority director Lewis Jordan briefed county supervisors on the strategy on Oct. 20 while updating them on the efforts to rehabilitate Golden Gate Village, the 59-year-old public housing complex in Marin City.

Jordan told supervisors that his staff is working on programs that “will lead to or increase home ownership opportunities for those tenants who live in Golden Gate Village.”

The plan that he and deputy director Kimberly Carroll previewed on Tuesday would provide a path for residents in public housing to pursue homeownership, or move out of public housing, using a federal Section 8 voucher.

Holders of Section 8 vouchers pay about 30% of their rent and the federal government pays the rest. However, Carroll said, the vouchers can also be used as mortgage

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Red States/Blue States: Housing Data Reveals Key Differences

A record number of Americans have voted early in November’s presidential election.

Due to the heightened interest, researchers at Realtor.com are doing their part to help anticipate results.

They pose the following questions, “Where do the deeply etched red-state/blue-state splits really come from? And how much can the huge housing differences across the nation tell us about how we got here—and where we’re going?”

They turned to the data to find out.

“We analyzed eight major housing indicators, to see how greatly they diverged between red, blue, and swing states,” Realtor.com reported. “We analyzed internal data to come up with metrics for home and rental price, price appreciation, home size, and inventory. We took the age of homes and the homeownership rate from U.S. Census Bureau data. The second-home information came from Optimal Blue, a real estate data firm specializing in lending information.”

From blue-state residents paying more rent, to

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As South Florida’s housing market booms, signs of a slowdown have agents worried about a bursting bubble

The housing market in South Florida has been booming for much of 2020 — sparked by low interest rates, high demand and low inventory — but real estate experts say they consider the trend a bubble that probably won’t last.



a bridge over a body of water surrounded by trees: Eight months in to the pandemic and the housing market in Broward County has been booming for those selling single family homes.


© Carline Jean / Sun Sentinel/South Florida Sun Sentinel/TNS
Eight months in to the pandemic and the housing market in Broward County has been booming for those selling single family homes.

Single-family homes have been spinning on and off the market at a fast pace, with many sellers getting offers above asking price from buyers who are taking advantage of historically low interest rates, real estate agents say.

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In Broward County, single-family home sales in September were 24.9 percent higher than September 2019, and the median sale price rose 15.6 percent to $425,000, according to the Broward, Palm Beaches & St. Lucie Association of Realtors.

Outside of Broward

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Lawsuit Challenges HUD’s Rollback Of Key Fair Housing Rule

A coalition of fair housing advocates has filed a federal lawsuit against the U.S. Department of Housing and Urban Development over the recent reversal of long-standing fair housing protections. 

The suit challenges HUD’s new disparate impact rule, which would make it more difficult for victims of discrimination to fight against systemic racism and discriminatory policies by housing providers, financial institutions and insurance companies that deprive people of the opportunities and services they need. 

The Trump administration rewrote the 2013 disparate impact rule adopted by the Obama administration, which included the standard approach to claims using this civil rights enforcement tool. 

Fair housing advocates say the rule has been in place for almost 50 years to tackle structural barriers that unfairly lock people out of the housing and lending opportunities they deserve.

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70 Waikapu affordable housing units offered | News, Sports, Jobs

HUD Grants to Aid Families With Housing Counseling

The U.S. Department of Housing and Urban Development (HUD) announced that more than $12.5 million in grant funds will directly support quality housing counseling services.

The grants, which were awarded earlier this week, will go to 219 local housing counseling agencies and national and regional organizations as well as state housing finance agencies (SHFAs) who have been approved by HUD. These entities all competed for HUD’s FY 2020 Supplemental Comprehensive Housing Counseling Grant Notice of Funds Availability (NOFA) or HUD’s FY 2019/2020 Comprehensive Housing Counseling NOFA. 

The counseling agencies aim to help Americans trying to get back on track from the economic challenges caused by COVID-19.

“Our hope is that those affected by the pandemic who need housing help will reach out to qualified housing counseling professionals to help them understand what their options are,” Assistant Secretary for Housing and Federal Housing Commissioner Dana Wade said in the announcement.

The

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Are We Headed for Another Foreclosure Crisis? 9 Housing Experts Share Their Predictions

Although the housing market is booming, high unemployment means millions of Americans are struggling to make mortgage payments. More than 2.3 million homeowners remain 90 or more days past due on their mortgages, but not in foreclosure, according to Black Knight, a mortgage analytics company.



Predictions-foreclosures


© Rangely Garcia / Money
Predictions-foreclosures

Foreclosure and eviction protections under the CARES Act have provided some relief for homeowners with distressed finances. But once forbearance protections run out, the biggest fear is there will be a repeat of the 2008 financial crisis.

Here are nine predictions from housing industry experts on the likelihood of a foreclosure crisis. (The text has been lightly edited.)

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Christie Peale

Who she is: CEO of the Center for NYC Neighborhoods

What she expects: We expect a significant increase in foreclosures unless federal and state governments implement serious measures to assist homeowners.

Her reasoning: In March 2021, government-mandated

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Abandoned Retail Sites Become Senior Housing

The factors driving retail-to-housing transformation were set in motion years ago but have been accelerated by the pandemic. The demise of malls and shopping centers has also been amplified by the shift to online retailing in recent years.

The crisis in mainstream retailing has become an outsize challenge and opportunity for municipalities, real estate owners, managers and developers. More than 8,000 stores have closed so far in 2020, according to Coresight Research, after 9,500 shut down last year. Mall stalwarts like Bed Bath & Beyond, GNC, Pier One Imports, Men’s Wearhouse, and New York and Company are in various states of bankruptcy and reorganization. Department stores such as Neiman Marcus and Lord & Taylor are on a long list of retailers going through shutdowns.

Ellen Dunham-Jones, a professor at the Georgia Institute of Technology, has researched the repurposing trend. Retail closings across the country have led to 400 proposals for

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Minneapolis, St. Paul housing exodus more myth than reality

As in many U.S. metro areas, the suburbs of the Twin Cities have enjoyed surging interest from home buyers as the global pandemic has upended how and where people work.

Amid rising crime and lingering unease following spring riots, many suburban buyers have relocated from the urban core of Minneapolis and St. Paul, where the number of homes for sale has swelled.

Yet, this doesn’t mean a new urban exodus is underway.

Also on the rise in the both of those cities: home sales, driven in part by record low mortgage rates that have enticed entry level buyers despite a grim economy.

“If there is an exodus,” says sales agent Pat Paulson of buyers exiting urban neighborhoods, “there’s an inflow as well.”

In Minneapolis, there’s been an 11% increase in listings through the first nine months of this year, buoyed in part by a recent rise in condos for sale.

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$12.5 Million in HUD Grants Aid Families with Housing Counseling

The U.S. Department of Housing and Urban Development (HUD) announced that more than $12.5 million in grant funds will directly support quality housing counseling services.

The grants, which were awarded earlier this week, will go to 219 local housing counseling agencies and national and regional organizations as well as state housing finance agencies (SHFAs) who have been approved by HUD. These entities all competed for HUD’s FY 2020 Supplemental Comprehensive Housing Counseling Grant Notice of Funds Availability (NOFA) or HUD’s FY 2019/2020 Comprehensive Housing Counseling NOFA. 

The counseling agencies aim to help Americans trying to get back on track from the economic challenges caused by COVID-19.

“Our hope is that those affected by the pandemic who need housing help will reach out to qualified housing counseling professionals to help them understand what their options are,” Assistant Secretary for Housing and Federal Housing Commissioner Dana Wade said in the announcement.

The

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