Home Prices and Rents Remain High by @JCHS of Harvard University
Home Prices and Rents Remain High, as Steep Interest Rates
Lock Homeowners in Place and Slow Construction
"The sharp interest rate hikes over the past year continue to impact housing markets and affordability for both homeowners and renters across the US, according to a new report released today. Rising mortgage costs have pushed homeownership out of reach for millions of renters at a time when large numbers of millennial households are at prime homebuying ages and when homeownership disparities between white households and those of color are near historic highs. Higher interest rates have also sparked a slowdown in the construction of new single-family homes, even as a nationwide housing shortage contributes to high housing costs."...read the rest @JCHS of Harvard University.
State of the Nation's Housing 2023 by @JCHS of Harvard University
"US housing markets continue to cool as higher costs weigh on both homeowners and renters. On the for-sale side, home sales and construction levels have declined while rental markets are experiencing sharply reduced rent growth and rising vacancy rates. Nevertheless, home prices and rents remain elevated from pre-pandemic levels, leaving millions —including a disproportionate share of people of color—struggling with housing cost burdens, priced out of homeownership, or without shelter at all." ...read the report at @JCHS of Harvard University.
SHAPE the Future of Aging Plan 2023-2028 by @FairfaxCounty
"SHAPE the Future of Aging is a strategic plan to make Fairfax County a better place to age, for older adults to live safely, independently, and with dignity. SHAPE is an acronym that includes five areas of focus:
- Services for Older Adults and Family Caregivers
- Housing and Neighborhood Supports
- Access to Mobility Options
- Personal Well-Being
- Economic Stability and Planning
"The SHAPE the Future of Aging plan is aligned with the Fairfax County Strategic Plan and OneFairfax to address the needs of older adults as we plan for the future. The SHAPE the Future of Aging Plan was adopted by the Board of Supervisors in May 2023. Initiative Development Committees focused on each of the SHAPE categories will be developed and led by the Fairfax Area Commission on Aging in the coming months." ...read the plan @FairfaxCounty.
About Creating Foundations for Hope
"CFH is a 501(c)(3) organization providing affordable housing opportunities to limited-income individual and families throughout Northern Virginia. CFH provides a continuum of housing services through security deposit assistance, rental assistance, rental homes and first-time homebuyer opportunities."