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As the effects of climate change grow more apparent, the question of where to build is due to become a significantly more complicated affair. A case in point comes from a recent report in The New York Times highlighting the ties between financing, land-use, and climate... View full entry
The Trump administration and lawmakers in both parties generally don’t believe the government should be running in effect two enormous financial companies. Administration officials want to shrink the government’s involvement and return housing finance to a privately run system. — The Wall Street Journal
The Wall Street Journal takes a look at how (and why) the Trump Administration is looking to change the federal government's role in overseeing aspects of the nation's mortgage securities market. According to WSJ, the two government-sponsored entities secure half of the nation’s... View full entry
In Detroit, there were 3,500 sales of single-family homes in 2014. Only 462 of them received a mortgage. That means that nearly 87 percent of sales were in cash — and that doesn’t include homes sold in foreclosure auction. Comparatively, the overall metro area saw only 53 percent in cash sales the same year. Nationwide, it was 43 percent.
“The number one issue that we, in the end, identified in Detroit is that it’s incredibly hard for homebuyers to get a mortgage right now,” say Svenja Gudell..
— Next City
Related coverage:U.S. Pavilion at the 2016 Venice Biennale, "The Architectural Imagination", now open for submissionsParticipating architects announced for the US Pavilion of the 2016 Venice BiennaleHow Detroit can learn to revive its derelict industrial sites from other citiesDetroit issues... View full entry
