Year: 2023

Average Long-Term US Mortgage Rate Drops a 5th Straight Week

BrianAnthony

Average Long-Term US Mortgage Rate Drops a 5th Straight Week The average long-term U.S. mortgage rate inched down for the fifth straight week, positive news for potential home buyers and a real estate market that’s been chilled by the Federal Reserve’s series of… Read More U.S. News & World Report https://www.usnews.com/news/business/articles/2023-04-13/average-long-term-us-mortgage-rate-drops-a-5th-straight-week

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HUD Announces the Availability of $30.3B for Housing Authorities To Provide Affordable Housing

BrianAnthony

HUD Announces the Availability of $30.3B for Housing Authorities To Provide Affordable Housing HUD announced the availability of $30.3 billion for the Housing Choice Voucher Program for 2023. This historic, $2.9 billion increase over the prior year will help Public Housing Authorities address… Read More U.S. Department of Housing and Urban Development https://www.hud.gov/press/press_releases_media_advisories/hud_no_23_076

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4/18/2023 – MetroIntelligence Economic Update by P. DUFFY

BrianAnthony

MetroIntelligence Economic Update by P. DUFFY April builder confidence rises another point to 45 as new homes provide critical housing supply Builder confidence in the market for newly built single-family homes in April rose one point to 45. For the fourth straight month, builder confidence has increased due to a lack of resale inventory despite elevated interest rates.  Currently one-third of housing inventory is new construction, compared to historical norms of a little more than 10%. The HMI index gauging current sales conditions in April rose two points to 51…

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Affordable Senior Apartments, Including Assisted Living, Available in Bed Stuy Lottery

BrianAnthony

Affordable Senior Apartments, Including Assisted Living, Available in Bed Stuy Lottery The modern 10-story, 190-unit development at 57 Marcus Garvey Boulevard, a lot within the existing NYCHA housing, is being built to Passive House standards and will include an indoor… Read More Brownstoner https://www.brownstoner.com/real-estate-market/senior-affordable-housing-bed-stuy-sumner-houses-assisted-living/

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4/14/2023 – MetroIntelligence Economic Update by P. DUFFY

BrianAnthony

MetroIntelligence Economic Update by P. DUFFY Consumer Price Index rises 0.1 percent in March and 5.0 percent year-on-year The CPI for All Consumers rose 0.1% in March, down sharply from 0.4% in February and 0.5% in January. It rose 5.0% year-on-year, the smallest increase since May 2021. However, the ‘core’ index minus food and energy costs rose 0.4% in March, down from 0.5% in February but matching the monthly increases in December and January. The core index rose 5.6% year-on-year, suggesting that inflation related to supply chain snafus is mostly…

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Millions Available to Support Housing Projects in San Diego County

BrianAnthony

Millions Available to Support Housing Projects in San Diego County Continuing its efforts to expand the supply of affordable housing, the San Diego County Board of Supervisors has made $25 million available for affordable housing developments. Read More County News Center https://www.countynewscenter.com/millions-available-to-support-housing-projects-in-san-diego-county/

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