Housing News Roundup: March 30, 2015
Low Costs of Living, High Job Prospects May Fuel Increased Housing Demand
Cities with good employment prospects — often paired with low costs of living — are poised to compete with traditional powerhouses such as New York, Boston and Washington, D.C. Houston is at the top of the 2015 U.S. Markets to Watch list, part of the report “Emerging Trends in Real Estate,” prepared by the Urban Land Institute and PriceWaterhouseCoopers. Austin, San Francisco, Denver and Dallas/Fort Worth round out the rest of the top five. As these emerging markets’ boom, will increased demand drive housing costs up?
Source: USA Today
Study: More People Moving to Suburbs than Cities
The country’s suburbs keep growing and growing, according to a new analysis of U.S. Census Bureau data. Cities including New York, Chicago and Los Angeles — among the country’s largest and most appealing metro areas — actually lost residents from 2010 to 2014. In fact, only Houston and Dallas added more than 100,000 residents from July 2013 to July 2014.
Opening Access to Low-Poverty Neighborhoods through Tax Credits
While assisted housing programs are still effective, more can be done to help people move into safer neighborhoods with improved access to schools and other opportunities, where they can “break the cycle of poverty,” according to a new study. “Housing programs to help the poor have changed,” said Kirk McClure, a researcher from the University of Kansas Department of Urban Planning. “For a very long time we measured our success by whether we provided families with affordable shelter. But we concentrated poverty in public housing projects and created many serious problems that also spilled over into adjacent areas.” The researchers found that low-income housing tax credits were more effective than vouchers in helping low-income families move to low-poverty neighborhoods.
A Stark Look at the Nation’s Problematic Wealth Gap
In few places is the nation’s wealth gap more apparent than the city of Aspen, where you can find a man with an hourly job and no health insurance working on renovations to a mountaintop estate with a master bedroom larger than his entire mobile home. The 100 richest U.S. families have a total wealth equal to that of everyone in the bottom 50 percent of wealth.
Source: Boston Globe