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Showing posts from July, 2018

Amid Rising Costs of Housing, Kamala Harris Introduces Bill to Provide Rent Relief

July 19, 2018
Amid Rising Costs of Housing, Harris Introduces Bill to Provide Rent ReliefWASHINGTON, D.C. - With the cost of housing continuing to rise in California and across the country, U.S. Senator Kamala D. Harris today introduced legislation to provide rent relief for working families struggling to pay their bills. The Rent Relief Act would create a new, refundable tax credit to put more money in the pockets of families at a time when renters’ wages have remained stagnant and housing costs have increased rapidly. Harris was joined in the introduction by Senators Dianne Feinstein (D-CA), Richard Blumenthal (D-CT), and Maggie Hassan (D-NH). “America’s affordable housing crisis has left too many families behind who struggle each month to keep a roof over their head,” said Senator Harris. “This bill will ensure no family is priced out of the basic security of a place to live. Bolstering the economic security of working families would strengthen our country and increase opportunity.…

Black Renters Could Afford 16 Percent of Rentals in 2017

SEATTLE, July 17, 2018 /PRNewswire/ -- Rental options for black renters were far fewer than what Asian or white renters could choose from last year. Black renters could afford less than a third of the rentals that white or Asian renters could afford in 2017. A renter making the median black household incomei ($39,647) in 2017 could afford 16.2 percent of the available rentals on Zillow® without putting more than 30 percent of their pre-tax income toward housing costs, according to a new Zillow analysis. If they spent 45 percent of their income on rent, they could afford 42 percent of the listed rentals – the same amount as a renter earning the median U.S. income ($59,250) could afford while only spending 30 percent of their income on rent. High rent burdens limit the financial freedom renters have. Those with the highest rent burden are often unable to put aside any savings on a monthly basis, and are also more likely to make other sacrifices such as dental careii. Most Americans asp…

Real Estate Agents Encourage People of Color To Live In Polluted Neighborhoods Jul 2017

Breathing in toxic air is known to cause asthma, heart attacks and lower life expectancy.  Photo: Jeff Swensen/Getty
Click here for online Article Environmental justice advocates have long maintained that people of color live in communities with high pollution or toxic air contamination in much higher numbers than Whites. And a new study is now revealing one reason why: Because real estate agents encourage them to move into these areas.
“Sorting or Steering: Experimental Evidence on the Economic Effects of Housing Discrimination” was released this month by the National Bureau of Economic Research, an independent economic research group. It examined what discrimination people of color face as they work with real estate agents to find homes and found that these agents are much more likely to show them houses in high-pollution areas. Per ThinkProgress:
The researchers of the new study looked at data on White, African American, Asian and Hispanic households. Information about the recommended h…

The Miseducation of America - Part 2 (by Charlotte Iserbyt)

The Miseducation of America - Part 1 (by Charlotte Iserbyt)

Summer 2018 Real Estate Bulletin from the California Department of Real Estate (CalDRE)

The Summer 2018 Real Estate Bulletin from the California Bureau of Real Estate is now available from the link below.
http://www.bre.ca.gov/files/pdf/reb/rebsum_18.pdf This issue and prior issues of the Real Estate Bulletin can be downloaded from the Bureau's web site at:
http://www.dre.ca.gov/Publications/RealEstateBulletin.html

Old Town Clovis becoming a hot spot for tiny homes.

Old Town Clovis becoming a hot spot for tiny homes. Others come to see how it's done BY ROBERT RODRIGUEZ rrodriguez@fresnobee.com LINKEDINGOOGLE+PINTERESTREDDITPRINTORDER REPRINT OF THIS STORY