Every day struggling New Yorkers who are behind on their mortgages -- facing foreclosure, and desperate to keep their heads above water -- are bombarded with TV and radio ads promising lower interest rates or a reduction in their mortgage principal if they "call now!"
Consumers think 2015 will be a better year than 2014, especially for selling a home. But the recovery will slow as the rebound effect fades before fundamentals become strong. Key markets to watch are in the Northeast, South, and West.
For too long we've ignored America's housing insecurity crisis, in part because it happens behind closed doors, hidden from the public eye. We can no longer afford to do so.
Being African-American in America means knowing the country was not made for you. I mean this literally, not figuratively.
For the past half-century, we've made progress bridging the gaps between the races and addressing inequality. If we don't want history to repeat itself, we cannot stop now. We must tell Congress to stop cutting successful housing and urban programs. On the contrary, it must restore funding cut over the last several years.
Many American children won't have a safe, stable home this holiday season. Homelessness among families with children isn't an intractable problem; federal rental assistance -- like the Housing Choice Voucher program -- is an effective solution. But funding is seriously inadequate and has faced significant cuts.
It's now widely known that the foreclosure crisis and the resulting recession have been devastating to homeowners and neighborhoods across New York State. Sadly, the foreclosure crisis has also generated a second wave of hardship for homeowners: foreclosure rescue fraud.
While evictions tell only a small piece of the story, it's clear that San Francisco has contracted full-blown heart disease. San Francisco lost so much of its talent and spirit from the HIV virus back in the '80s and '90s. This time it is caused by an economic virus of success.
Looking at sprawling villas in the suburbs and 2,000-square-foot condos in the middle of downtown is one thing. How much home you can afford may be entirely different.
Recently released mortgage disclosure data findings indicate that a majority of future U.S. households could face significant challenges in achieving homeownership.
It is important that we continue to seek new opportunities to improve housing conditions because too many families know the impossible compromises that must be made to afford acceptable shelter.
From the attorney's perspective, there is a Zen-like quality to residential real estate transactions. When the vibrational activity of buying or selling an apartment advances to the point when an "accepted offer" is within reach, an attorney is usually contacted and a relationship created.
We're literally taking a page out of Gawande's book by recognizing that our real job is not just to put a roof over the heads of our older citizens.
Today I'm more and more inclined to think that this parable actually has very little to do with "talents" as we know them and much more to do with money and banking and oppression and power, and also one poor, faithful, schlep who stood up to it all and took a hit for it.
It's essential that Congress provide enough funds in 2015 to renew all of the vouchers issued in 2014 and make further progress in reversing the voucher losses under sequestration. To achieve this goal, Congress should fund vouchers at least at the level that the Senate Appropriations Committee approved in June.
Today is Veteran's Day, a time to honor the service of all those who serve our country. As we express our gratitude to veterans for protecting our freedom, it is imperative that we provide them the necessary services and benefits they rightfully deserve.