March 09, 2023

A new Redfin report found the number of affordable listings in 2022 fell by more than half from the previous year—the largest annual drop on the company’s record dating back to 2013. This is “widening the wealth gap—especially between generations,” said Redfin deputy chief economist Taylor Marr.

Experts say older adults are experiencing homelessness at higher rates because of weak social safety nets, mass incarceration policies, and an insufficient supply of affordable housing. “Elderly homelessness has been rare within the contemporary homeless problem. It’s now arguably the fastest rising group,” said Dennis Culhane, professor of social policy at the University of Pennsylvania.

A new report by the National Association of Realtors (NAR) found the homeownership gap between Black and white households is the widest it’s been in a decade. The gap sits at 29 percent—up from 26 percent in 2011.

Residents of three Phoenix mobile home parks will soon be evicted to make way for new Grand Canyon University student housing. Mobile home residents who are displaced by redevelopment are eligible under Arizona law to receive some funds to move their homes, but many are so old they cannot be relocated.