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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

An Albany realtor and recruitment professional, Elisha Cleary 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...
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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