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Slow to build: Home prices are hitting record highs but America isn’t building enough housing to meet demand

Slow to build: Home prices are hitting record highs but America isn’t building enough housing to meet demand

by Pete Tomao | May 21, 2022 | Economy

Three years ago Long Island developer John Stumpf bought a former gardening center with plans to turn the site into four duplexes. The project would create much needed rental housing in a walkable neighborhood close to an LIRR station.  But to build Stumpf would first...
Five things to watch out for in the upcoming Case-Shiller report

Five things to watch out for in the upcoming Case-Shiller report

by Pete Tomao | Apr 25, 2022 | Economy, Housing

Home prices have risen at record levels since the pandemic began, increasing 18.8% from December 2020- December 2021, a single year record.   The new Case-Shiller housing indicator, which will be released on Tuesday, is expected to show continued growth in home...
Pandemic housing market strains Black-White homeownership gap

Pandemic housing market strains Black-White homeownership gap

by Pete Tomao | Apr 2, 2022 | Economy, Housing

Elisha Cleary, an Albany realtor, was tired of the headaches of renting—cramped space, uncertain rental prices and crazy neighbors. But she was a single parent, with one income. And as an immigrant and daughter of a single mother, she didn’t have family wealth to help...
Home prices soar in January, as housing market remains tight

Home prices soar in January, as housing market remains tight

by Pete Tomao | Apr 2, 2022 | Economy, Housing

Home prices continued to soar in January despite rising mortgage rates, as low inventory and high demand squeeze the housing market.  Nationwide home prices increased 19.2% from January 2021 to January 2022, according to the S&P CoreLogic Case-Shiller housing...
Low inventory pushes home price increases to 34 year high in 2021 

Low inventory pushes home price increases to 34 year high in 2021 

by Pete Tomao | Mar 2, 2022 | Economy

Low inventory and high demand fueled historic gains for the real estate market in 2021.  Nationwide home prices increased 18.8% from December 2020 to December 2021, according to the S&P CoreLogic Case-Shiller housing index. The gain is the highest in the index’s...

Welcome to Issue Number One

Welcome to Issue Number One, a site covering economic trends. The site is produced by reporters at the New York City News Service and the CUNY Graduate School of Journalism. Email your comments to greg.david@journalism.cuny.edu.
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