August 15, 2017

In Case You Missed It: A Look at Recent National Housing Policy News

HUD Report Finds Worst Case Housing Needs Continuing to Grow  

HUD recently released its biannual Worst Case Housing Needs Report to Congress. The report finds that, despite continued signs of a strengthening national economy, 8.30 million households had worst case needs in 2015, up from 7.72 million in 2013 and approaching the record high of 8.48 million in 2011.


Why We Still Struggle to Disassociate Race and Risk in Housing 

A recent study by the Kirwan Institute for the Study of Race and Ethnicity examines the implicit bias against minorities found in housing and credit outcomes today. Although we like to assume that lending decisions are conducted in an objective manner, this is a misconception.


Home Equity Used to Start Seven Percent of U.S. Businesses 

Equity in a home was used as a source of capital to start 284,618 businesses—7.3% of all businesses in the U.S.—according to a new source of data released recently by the U.S. Census Bureau. The new data source is the Annual Survey of Entrepreneurs, (ASE), which collects economic and demographic information on businesses and business ownership in all major U.S. industries.


Realtor.com: Here’s Why Baby Boomers Keep Millennials from Buying Homes

Housing inventory shortages continue to plague the real estate market, and the generation that’s most to blame is Baby Boomers. In fact, the new Housing Shortage Study from realtor.com shows there are two major reasons for the housing shortage: Boomers’ reluctance to sell and the fact that homes already fit current family needs.


Facebook Ventures into Zillow’s Territory with Targeted Real Estate Advertising

Facebook has launched its first ad product designed specifically for residential real estate brokerages. “Dynamic Ads for Real Estate,” first reported by real estate news site Inman News, allow real estate brokers and agents to advertise directly to Facebook and Instagram users who have already searched for properties on that brokerage’s website. The product goes after a key money maker for Seattle-based Zillow, which allows real estate professionals to advertise to prospective home buyers and sellers on its site.

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