Trump signs executive order to tackle lack of affordable housing President Donald Trump signed an executive order Tuesday that establishes a White House Council tasked with identifying and removing barriers hindering the development of affordable housing. In effect, he is “tearing down red tape in order to build more affordable housing,” a White House... Read More
Baby Boomers creating "near-gridlock" by aging in place Baby Boomers, the 75 million Americans born between 1946 and 1964, are clogging up the housing market, according to a Chicago Tribune story. Instead of moving to retirement communities, Baby Boomers are opting to age in place, keeping about 1.6 million houses off the market.
WSJ: Rent control law sends New York building values tumbling New York’s new rent control law could cause rent-stabilized apartment buildings to drop 20% to 45% in value, brokers and investors said in a Wall Street Journal story on Monday. "Every spreadsheet in New York just changed," said Steven Vegh, a real estate broker who sells buildings to investors.
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