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Economy

ON THE MONEY: Baby boomers have different desires in housing

WAVE NEWSPAPERS — Unlike just 15 years ago, many baby boomers are discovering that the large, high-end homes with their high-maintenance costs no longer fit their needs as they grow older. And younger people aren’t buying big houses, either. […read more]

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Business

Blacks Locked Out of Housing Market

By Freddie Allen NNPA Washington Correspondent WASHINGTON (NNPA) – As the housing market recovers a new report by the Urban Institute shows that Black borrowers “have been disproportionately shut out of the market.” According to the report titled, “Where Have All the Loans Gone? The Read More

Business

Sept. Home Prices Up 13.3% from Year Ago

[USA Today] Home prices continued rising in September, but many cities posted smaller monthly gains, according to a closely-watched barometer of the housing market. The 20-city Standard & Poor’s/Case-Shiller Index increased 0.7% in September from August and was 13.3% ahead of a year ago, S&P Read More

Business

Study Says Housing Discrimination Still Prevalent in US

Special to the NNPA from The Final Call Hispanics, Asians and African-Americans who are looking to purchase a home still face discrimination in subtle forms, according to a new national study. According to the study, commissioned by the federal Department of Housing and Urban Development Read More

Business

Home prices show strong gains in April

[USA TODAY] The pace of home price increases stayed strong in April with prices up 12.1% year-over-year, CoreLogic says. The annual increase is the biggest in more than seven years. Prices were up 3.2% in April from March. “Increasing demand … coupled with low inventory, Read More

No Picture
Op-Ed

Is the Recovery Stumbling or Soaring?

By Julianne Malveaux NNPA Columnist   Although the overall unemployment rate still exceeds 7 percent, and the official Black unemployment rate is greater than 13 percent, there are some who insist that there is a robust economic recovery in progress.  Indeed, we were declared “post Read More

Op-Ed

Advocates Push to Preserve Foreclosure Program

By Charlene Crowell NNPA Columnist   A broad coalition of state and national organizations is pushing to preserve a key federal program that has helped more than 1.1 million troubled homeowners and reduced mortgage payments by a median savings of $546 each month. The Home Read More