“America’s housing crisis is a longstanding problem. But recent reports of private hedge funds buying up detached houses and townhouses is likely to make an already difficult situation even worse. When hedge funds purchase such properties, those homes are not likely to come back on the real estate market. They are gone for now—and probably for the long term.” … [Read more...] about Hedge funds and the Housing Crisis.
Articles
Changing the ownership model.
“Every neighborhood deserves a vibrant local economy filled with businesses that serve residents’ needs. Equitable access to commercial real estate is key to making that happen” write Tracy Loh and Andre Perry for Bloomberg. Undervaluation of homes plays a large part in racial wealth inequality. According to Fannie Mae, Black homeownership sits at 42 percent while white … [Read more...] about Changing the ownership model.
Are investors to blame?
“About 2.5 million households shopping for a first home will be shut out of the market this year, estimates Nadia Evangelou, senior economist with the National Association of Realtors. That amounts to 15 percent of all first-time home buyers. In an already daunting market, investor purchasing is adding to the obstacles.” Writes Sophie Kasakove for The New York Times. Large … [Read more...] about Are investors to blame?
Valuing Black neighborhoods.
“Black communities are routinely undervalued. Even when they are among the nation’s wealthiest” writes Tracy Jan for the Washington Post. Undervaluation of homes plays a large part in racial wealth inequality. In 2019 the median wealth of White families was eight times that of Black families in the United States, according to a Federal Reserve survey, and those figures had … [Read more...] about Valuing Black neighborhoods.
Impact investing. More than a fad.
“Impact investing is a major topic on investors’ radar screen, boasting huge growth, and widespread acceptance among those seeking to align their portfolios with their personal values. But impact investing has always been more than a fad.” writes James Lumberg for Investopedia. Impact investing, or socially responsible investing (SRI), has been around for longer than you … [Read more...] about Impact investing. More than a fad.