DIRS.INFO The most relevant business & tech news

☆ A realtor says a $660 apartment listing asking tenants to share a bed proves how 'grim' the affordable housing crisis is
▼ + stars: | 2023-11-22 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

Anya Ettinger said the listing paints a "grim" picture of housing affordability in major cities. But, according to the listing, you wouldn't just be sharing the apartment space — you'd be sharing a queen-sized bed too. According to Ettinger, listings like this one are a result of the affordable housing crisis in Toronto. But as of today, Ettinger said the listing she discovered is just another example of how severe the housing crisis is. "It just paints a very grim picture of the affordability crisis that we're experiencing here," she said.

Persons: Anya Ettinger, —, she's, Ettinger, she'd, They're, Insider's Alcynna Lloyd, Olivia Chow Organizations: Facebook, Service, UBS, CBC Locations: Toronto, Canada

☆ Soaring mortgage rates take their toll on the US housing market as sales slump to a 13-year low
▼ + stars: | 2023-11-22 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Activity is now at a 13-year low as rising borrowing costs take their toll on the US housing market. Mortgage rates have cleared 7.5% this year, driven higher by the Federal Reserve’s war on inflation. AdvertisementThe spike in mortgage rates dragged on the US housing market once again last month, as activity plunged to a 13-year low even as prices ticked up. Soaring mortgage rates, driven to their highest level since the turn of the century by the Federal Reserve's war on inflation, have fueled the housing-market slowdown. As a result, existing homeowners have opted to cling to the historically low mortgage rates they locked in over the last 15 years rather than move house.

Persons: —, Freddie Mac, Lawrence Yun, Yun Organizations: National Association of Realtors, Federal, Service, Biden Administration, NAR

SALT LAKE CITY (AP) — Incumbent Erin Mendenhall has won her reelection bid for mayor of Utah’s capital in a ranked-choice contest that included a challenge by Salt Lake City's former Mayor Rocky Anderson. Ballot returns released Wednesday, which included all scannable ballots in the Salt Lake County clerk’s possession, showed Mendenhall with 58% of the vote to Anderson's 34%, the Salt Lake Tribune reported. “As seemed pretty clear last night, these more final results clearly indicate that Mayor Mendenhall has won reelection,” Anderson said. “This election ends with voters saying loudly and clearly that they want Salt Lake City to keep moving forward together,” Mendenhall said. This was the first Salt Lake City mayor’s race since the capital, along with a number of Utah cities, instituted ranked-choice voting in 2021.

Persons: Erin Mendenhall, Rocky Anderson, Mendenhall, ” Anderson, “, ”, Anderson, ” Mendenhall Organizations: LAKE CITY, —, Salt Lake Tribune, Democratic, “, “ Salt Lakers Locations: Utah’s, Salt Lake, Salt Lake County, Salt, Salt Lake City, “ Salt, Utah

Amazon founder Jeff Bezos' fund to support homeless families announced $117 million in new grants on Tuesday to organizations across the U.S. and Puerto Rico, which is a part of a $2 billion commitment Bezos made in 2018 to support homeless families and to run free preschools. That brings the amount granted by the Bezos Day 1 Families Fund to benefit homeless families to almost $640 million. The Salvation Army of Greater Charlotte received a second grant this year after first being awarded $5 million by the fund in 2018. The Bezos Day 1 Families Fund did not give a timeframe for when the pledged $2 billion would be distributed or what portion would go to homeless families. Last year, Bezos gave away $122.2 million and has pledged around $12.8 billion in charitable donations, according to The Chronicle of Philanthropy.

Persons: Jeff Bezos, Bezos, Lauren Sánchez, Deronda Metz, ” Metz, Amanda Andere, “, can’t, Andere, Sánchez, Jacklyn Bezos, Miguel, Fred, Dolly Parton, José Andrés, Van Jones Organizations: Fund, Salvation Army, Greater Charlotte, Girls, Urban Institute, National Coalition for, Homeless, Housing, Urban Development, Amazon, CNN, Fred Hutchinson Cancer Center, Associated, Lilly Endowment Inc, AP Locations: Puerto Rico, Seattle, Maui

☆ Home sales fell to a 13-year low in October as prices rose
▼ + stars: | 2023-11-21 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

The October sales count is based on closings from contracts likely signed in August and September. At the end of October there were 1.15 million homes for sale, down 5.7% from a year earlier. Sales fell in all price categories up to $750,000, but there was an increase in sales of higher end homes. Yun also noted that there are more homes available for sale on the higher end of the market. First-time buyers represented 28% of October sales, unchanged from a year ago and still significantly lower than the 40% share they have represented historically.

Persons: Lawrence Yun, Yun Organizations: National Association of Realtors

SALT LAKE CITY (AP) — Erin Mendenhall is seeking reelection as mayor of Utah’s capital Tuesday in a ranked-choice contest that includes a challenge by former Mayor Rocky Anderson. Anderson, who served two terms from 2000-2008, has criticized Mendenhall for not doing enough to alleviate the rising cost of housing. "Salt Lake City is building more affordable housing than every mayoral administration combined by a lot — 413% increase in our investment in the creation of affordable housing units. However the affordable housing being built has been for those with incomes far higher than most service industry workers make, Valentine pointed out. It is the first Salt Lake City mayor's race since the capital, along with a number of Utah cities instituted ranked-choice voting in 2021.

Persons: — Erin Mendenhall, Rocky Anderson, Michael Valentine, Anderson, Mendenhall, we’ve, Valentine Organizations: LAKE CITY, Democratic, KSL, Hinckley Institute of Politics Locations: Utah’s, Utah, Salt Lake City

☆ October home sales fell because of high mortgage rates, soaring prices and low inventory
▼ + stars: | 2023-11-21 | by ( Anna Bahney | ) edition.cnn.com time to read: +3 min

Sales slumped in October and prices continued to climb, as mortgage rates surged last month and inventory remained extraordinarily low. Home sales remained at 13-year lows as buyers competed for the few available homes on the market and continued to push up prices. Elevated prices, together with the average rate for a 30-year fixed rate mortgage nearing 8% in October, have created the least affordable market in several decades. Home sales were down in lower priced categories – under $750,000 – due to lack of inventory and sales grew in higher price categories where there was more inventory. “The lack of inventory and higher interest rates really hitting the home sales market,” said Yun.

Persons: —, ”, Lawrence Yun, Yun, “ Organizations: DC CNN —, National Association of Realtors, West, NAR, “ Locations: Washington, Northeast, Midwest, South

Sales of existing homes fell by 4.1% in October as a shortage of houses for sale and higher mortgage rates dampened activity, the National Association of Realtors said on Tuesday. The annual level of sales reached 3.79 million, down 14.6% from a year ago when sales were 4.44 million. “Prospective home buyers experienced another difficult month due to the persistent lack of housing inventory and the highest mortgage rates in a generation,” said NAR Chief Economist Lawrence Yun. There is some relief, however, as mortgage rates have fallen in the past week. Some housing industry analysts believe rates could trend under 7% early next year as overall interest rates begin falling amid expectations the Federal Reserve is done raising rates.

Persons: ”, Lawrence Yun, ” Yun, “, Danielle Hale Organizations: National Association of Realtors, Midwest, Federal Locations: “

☆ Soaring hotel prices, crackdown on illegal renting to hit Paris 2024 experience
▼ + stars: | 2023-11-20 | by ( Julien Pretot | ) www.reuters.com time to read: +3 min

REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Nov 20 (Reuters) - Visitors heading to Paris for next year's Olympics face major accommodation problems amid soaring hotel prices and a crackdown on rentals of tourist apartments. A report by the Paris tourism office showed that hotel prices would rise by a whopping 314% between the 2023 and 2024 summers. The report also hit out at the Paris hotels for waiting too long to open their booking platforms for the July 26 - Aug. 11 Games. According to the Paris Tourism office, a hotel night in the Paris region was 169 euros in July 2023, and it is expected to soar up to 699 euros in July 2024. "At the London Games, the prices were too high and the occupation rate of hotels went 12% down.

Persons: Guy Degrenne, Stephane Mahe, Frederic Hocquard, Hocquard, Jacques Baudrier, Baudrier, Bruno Le Maire, Julien Pretot, Pritha Sarkar Organizations: Paris, Paralympic Games, ArcelorMittal, REUTERS, Rights, Reuters, Paris Tourism, London Games, French Finance, Thomson Locations: Vire, France, Paris, Nantes, Lille, Rennes

☆ Living in a ski town sounds like a dream. But the reality is crushingly expensive.
▼ + stars: | 2023-11-19 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Ski towns are so expensive that workers struggle to afford local housing and stay in their jobs. Vail, Colorado has spent $17 million paying homeowners to rent to local workers, according to the Wall Street Journal. The typical home value in Breckenridge was $1.1 million in October, while in Vail, 40 miles west, it was $1.6 million, according to Zillow. He told Business Insider earlier this year that the worker exodus from Vail has forced his business to stop offering lunch some days. Advertisement"Teachers, like myself, want to stay here in the community, but doing so requires the stability that homeownership can offer," Weibel told Business Insider.

Persons: —, Callie Kuchan, Business Insider's Jordan Pandy, Kuchan, Pandy, Vail, George Ruther, Ruther, he's, Paul Anders, Anders, Allison Weibel, Weibel Organizations: Wall Street, Service, Business, Street Journal, US Department of Housing, Urban, Policy Development, Research, Vail Daily, Vail Locations: Vail , Colorado, Breckenridge , Colorado, Illinois, Chicago, Breckenridge, Vail, Aspen, , Montana

The pace of new construction quickened in October as both building permits and housing starts rose despite elevated mortgage rates, the government reported on Friday. New housing starts were 1.372 million compared to 1.346 million a month earlier. “A good inflation report and steadily declining mortgage rates provide some relief to the market. Also on a positive note, mortgage rates fell this week following the CPI and the resultant drop in bond yields from their recent highs. The 30-year fixed-rate mortgage fell to an average of 7.44% in the week ending Nov. 16, a drop from 7.5% a week earlier, Freddie Mac said on Thursday.

Persons: Wells, ”, Lisa Sturtevant, homebuyers, Freddie Mac, Odeta Kushi Organizations: Census Bureau, Department of Housing, Urban, National Association of Home Builders, MLS, homebuilders, ”, CPI, “ Builders, First Locations: Midwest, West

☆ New home construction increased in October for second straight month
▼ + stars: | 2023-11-17 | by ( Anna Bahney | ) edition.cnn.com time to read: +1 min

Washington, DC CNN —The annual pace of new home construction increased again last month amid a historic shortage of housing inventory and crushing mortgage rates. Housing starts, a measure of new home construction, jumped by 1.9% in October, compared to the previous month. Starts rose to a seasonally adjusted annual rate of 1.372 million last month, rising above expectations of 1.35 million, according to data released Wednesday by the Census Bureau. Building permits also ticked up in October, climbing 1.1% from August’s revised number to a seasonally adjusted annual rate of 1.487 million. “The new construction housing market is poised to ensure that inventory is available to meet pent-up demand of households who have been waiting for a reprieve in rates before purchasing.”

Persons: ”, Kelly Mangold, Mangold Organizations: DC CNN, Housing, Census, Real Estate Consulting Locations: Washington

☆ US housing starts rise moderately; tight supply supporting new construction
▼ + stars: | 2023-11-17 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

Single-family housing starts, which account for the bulk of homebuilding, rose 0.2% to a seasonally adjusted annual rate of 970,000 units last month, the Commerce Department's Census Bureau said. Overall housing starts rose 1.9% to a rate of 1.372 million units in October. The number of housing under construction dipped 0.1% to a rate of 1.674 million units. The inventory of single-family housing under construction declined 0.6% to a rate of 669,000 units, the lowest level since May 2021. The stock of multi-family housing under construction edged up 0.1% to 987,000 units, not far from recent record highs.

Persons: Jeffrey Roach, Ben Ayers, Freddie Mac, Bill Adams, Thomas Ryan, Lucia Mutikani, Chizu Nomiyama, Nick Zieminski Organizations: WASHINGTON, Commerce Department, LPL Financial, Commerce, Data, National Association of Home Builders, Nationwide, Federal Reserve, Treasury, Comerica Bank, Reuters, Realtors, Capital Economics, Thomson Locations: Charlotte , North Carolina, homebuilding, Commerce Department's, Northeast, Columbus , Ohio, Dallas, West, South, Midwest

☆ Israel is tightening its control of northern Gaza. But there is no clear post-war strategy in sight
▼ + stars: | 2023-11-17 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +11 min

Abu Dhabi, UAE CNN —The Israeli military is tightening its grip on northern Gaza, as its war on the Hamas militant group is showing no signs of abating. Almost six weeks into the conflict, however, Israel is yet to offer a clear post-war plan for the territory. The Israeli military raided Gaza’s largest hospital, Al-Shifa, on Wednesday after claiming that Hamas had built a command center beneath the sprawling medical complex. The United States has warned against Israel re-occupying Gaza, and has stressed a future role there for the Palestinian Authority (PA). Video Ad Feedback Netanyahu appeared to rule out giving the Palestinian Authority control of post-war Gaza.

Persons: Yoav Gallant, Israel, Khan Younis, Fatima Shbair, ” Frank Lowenstein, Barack Obama, “, ” Lowenstein, Benjamin Netanyahu, Netanyahu, “ Israel, ”, Daniel Levy, CNN’s Dana Bash, Levy, I’m, ” Levy, CNN’s Christiane Amanpour, CNN Kobi Michael, Mahmoud Abbas, –, Abbas, Fadel Senna, Lina Khatib, ” Khatib, CNN’s Becky Anderson, Michael of INSS, Lowenstein Organizations: UAE CNN, Israeli, Israel Defense Forces, Hamas, Al, Palestinian, CNN, United Nations Office, Humanitarian Affairs, of Housing, United, Palestinian Authority, Palestinian Health Ministry, West Bank, Institute for National Security Studies, Palestinian Center, Policy, Research, West Bank . Lowenstein, Regional, Getty, United Arab Emirates, SOAS, East Institute, PLO, Palestine Liberation Organization, Israel’s Ministry, Strategic Affairs, UN Conference, Trade, Development, UNCTAD, UN, Programme, Palestine Economic Policy Research Institute, UNDP, UN Relief and Works Agency for Palestine Refugees, Israel Locations: Abu Dhabi, UAE, Gaza, Israel, Gaza City, Gaza’s, Al, Khan, “, London, New York, United States, Ramallah, Tel Aviv, ”, Israeli, AFP, Egypt, Jordan, Qatar, Saudi Arabia, United Arab, Palestinian, Palestine

☆ Morning Bid: Ebbing oil sustains economic glow
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +6 min

Word "Oil" and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. That drop, which takes annual producer price inflation as low as 1.3%, was driven largely by falling gasoline prices. And that meets news that China's oil refinery throughput fell back in October as industrial fuel demand weakened. The overall energy and inflation picture is helping buoy consumption and stokes the 'soft landing' narrative investors are betting on. The picture in overseas markets, where the economic picture is cloudier, was more mixed.

Persons: magnifier, Dado Ruvic, Mike Dolan, stokes, Mary Daly, Joe Biden, Xi Jinping, Xi, Biden, Washington, Christopher Waller, Lisa Cook, John Williams, Michael Barr, Loretta Mester, Christine Lagarde, Luis de Guindos, Andrea Enria, Dave Ramsden, Andres Manuel Lopez Obrador, Alexander Smith Organizations: REUTERS, U.S . Energy Information Administration, Walmart, Federal, San Francisco Fed, Treasury, U.S . Senate, Philadelphia Fed, Kansas City Fed, Applied, Ross Stores, Federal Reserve, Lisa Cook , New York Fed, Cleveland Fed, European Central Bank, Bank of England, New York Federal Reserve, Insider Intelligence, Reuters Graphics, Thomson, Reuters Locations: U.S, United States, China . U.S, Target, San Francisco, Taiwan, China, Kansas, Treasuries, Lisa Cook , New, Franciso, Reuters Graphics China

[1/4] Consumers struggle to enter a store to buy shoes in a store at a shopping center during Black Friday sales, in Caracas, Venezuela November 25, 2022. WILL SHOPPERS FIND BLACK FRIDAY DEALS THIS YEAR? HOW MUCH ARE SHOPPERS EXPECTED TO SPEND? Spending online during Black Friday is expected to rise 5.7% to roughly $9.6 billion, according to Adobe Analytics. Macy's CEO Jeff Gennette on Thursday said the competitive landscape has shifted to Black Friday deals prior to Black Friday.

Persons: Leonardo Fernandez Viloria, Marcus Collins, Collins, Dana Telsey, Jane Hali, Max, Lancome mascaras, Bobbi Brown concealers, Jeff Gennette, Mattel, Steve Totzke, Juveria Tabassum, Savyata Mishra, Richa Naidu, Helen Reid, Josie Kao Organizations: Black, REUTERS, Retailers, Department, Ross School of Business, University of Michigan, Labor, National Retail Federation, Telsey Advisory, Sensormatic Solutions, U.S, Adobe Analytics, Dollar, Walmart, Associates, Nordstrom, Adobe, Consumers, Deloitte, Electronics, Mastercard, Reuters, Thomson Locations: Caracas, Venezuela, U.S, Europe, Philadelphia, Panama, United States, United Kingdom, China, Bengaluru, London

☆ Explainer: What is the UK's Rwanda migrant deportation plan?
▼ + stars: | 2023-11-15 | by ( Michael Holden | ) www.reuters.com time to read: +5 min

However, the first deportation flight in June 2022 was blocked by a last-minute injunction from the European Court of Human Rights, barring any removals until the conclusion of legal action in Britain. Some in the government have strongly hinted Britain would consider leaving the European Convention on Human Rights if it thwarted the Rwanda scheme. Australia pioneered the concept of holding asylum seekers in offshore detention centres. Denmark has signed a similar agreement with Rwanda, but has yet to send any migrants there. The 27-nation EU is seeking to strike an agreement on how to share out the asylum seekers who arrived on its shores.

Persons: Peter Nicholls, Rishi Sunak's, Boris Johnson, Suella Braverman, Robert Reed, Sunak, Michael Holden, Alex Richardson Organizations: Court, REUTERS, Supreme, European Union, Successive Conservative, RWANDA PLAN, European, of Human, British, Convention, Britain, EU, Commons, Thomson Locations: Rwanda, London, Britain, Ukraine, Hong Kong, RWANDA, Europe, Turkey, Egypt, Australia, Denmark

☆ Developers who want to build apartments near public transit stations are in luck as the Biden administration opens up billions in new loans
▼ + stars: | 2023-11-15 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Construction of new apartment buildings is slowing as interest rates stay high. The Department of Transportation is opening up billions in loans for construction near mass transit. AdvertisementMultifamily housing construction boomed over the last couple years, and more apartments are coming on the market than at any time since the 1980s. But as interest rates have shot up, apartment construction is sharply slowing across the country. In fact, in order to qualify for the loans, developers need to show that their projects would boost ridership.

Persons: Biden, —, Dan Schned, TOD, Schned, Brian Deese Organizations: Department of Transportation, Service, of Transportation, Transportation Infrastructure Finance, Innovation, Railroad Rehabilitation, Improvement, DOT's Build America Bureau Locations: downtowns

☆ Explainer-What Is the UK's Rwanda Migrant Deportation Plan?
▼ + stars: | 2023-11-14 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +5 min

WHAT IS BRITAIN'S RWANDA PLAN? The law also gives ministers the discretion to ignore European Court of Human Rights injunctions. That made the policy unlawful under Britain's Human Rights Act, which incorporated the European Convention on Human Rights into British law. Some in the government have strongly hinted Britain would consider leaving the European Convention on Human Rights if it thwarted the Rwanda scheme. The 27-nation EU is seeking to strike an agreement on how to share out the asylum seekers who arrived on its shores.

Persons: Michael Holden LONDON, Boris Johnson, Sunak, Suella Braverman, Michael Holden, Alex Richardson Organizations: European Union, Successive Conservative, Conservatives, RWANDA PLAN, European, of Human, London's, Appeal, Human Rights, Convention, Britain, EU, Commons Locations: British, Rwanda, Britain, Ukraine, Hong Kong, RWANDA, Europe, Australia, Denmark, EU

☆ Factbox-Seven Turbulent Years: British Ministerial Churn Since the Brexit Vote
▼ + stars: | 2023-11-13 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +4 min

PRIME MINISTERCameron served as prime minister until July 13, 2016, three weeks after the Brexit vote on June 23. She holds the record for Britain's shortest-serving prime minister after she quit after 49 days, having triggered a financial market meltdown. Philip Hammond was foreign secretary from July 2014 until three weeks after the Brexit vote in 2016. INTERIOR MINISTERBritain's interior ministry has changed leadership eight times since the Brexit vote, including Cleverly who stepped into the role on Monday. There have been 13 housing ministers since the Brexit vote, including six since Feb. 8, 2022.

Persons: Sarah Young, Rishi Sunak, David Cameron, Cameron, Theresa May, Boris Johnson, Liz Truss, Sunak, James, Dominic Raab, Jeremy Hunt, Johnson, Philip Hammond, Suella Braverman, Grant Shapps, Truss, Hunt, Kwarteng, Victoria Atkins, Monday, Steve Barclay, Gillian Keegan, Kate Holton, Alex Richardson Organizations: Sarah Young LONDON, British, European Union, Conservative Party, FINANCE, National Health Service Locations: Westminster, Britain, European, Truss, Crete, Kabul, Cameron

☆ Here's one area of California where people aren't leaving and the population is actually growing
▼ + stars: | 2023-11-11 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

But the Central Valley is booming, making it one of the few areas of the state experiencing sustained growth. But the 2020 Census revealed a stunning statistic: California's population growth had slowed in the prior decade, which resulted in the state's first-ever loss of a congressional district. But in California's Central Valley, the population is booming, driven by higher birth rates and substantial migration from more expensive coastal counties, according to The Economist. AdvertisementAdvertisementIn Northern California's Central Valley, San Joaquin County is poised to become a primary beneficiary of this inward migration. The state is projecting that the Northern California county will have almost 1 million residents by 2060, up from its current population of about 780,000 residents.

Persons: —, Jane Tyska, aren't Organizations: Service, Golden, California Department of Finance, Golden State, Alameda County —, Oakland, San, Media, East Bay Times, Getty, San Bernardino counties —, Inland Locations: California, San Joaquin County, Bay Area, Golden State, Los Angeles, San Francisco, Central, Golden, Francisco, Alameda County, Berkeley, Alameda, Bay, Southern California, Riverside, San Bernardino, Central Valley, Northern California, San Joaquin

BOSTON (AP) — Massachusetts shelters are being pushed past their capacity, running out of beds for families, including migrants arriving from other states and residents weathering a housing crunch right before winter, said Democratic Gov. “We were informed we hit the cap and due to the cap, families are being put on a waitlist,” said Cherlin Dubon, triage case specialist for the group. Healey has said she doesn’t want to see families out on the street but that the state has essentially reached its shelter capacity. Some states led by Republicans — including Texas and Florida — have bused or flown immigrants to states and cities led by Democrats, including California, Massachusetts, New York and Chicago. Critics argue Healey’s decision to cap shelter placements violates the state’s “right-to-shelter” law.

Persons: Maura Healey, Healey, —, Chelsea , Massachusetts —, ”, Cherlin, Republicans —, Eric Adams, Ronald Mariano, Mariano, Kelly Turley, We’re, ” Turley, Geralde Gabeau, “ Organizations: BOSTON, Democratic Gov, Republicans, Democrats, York City, Democratic, Hynes Convention Center, Massachusetts Coalition, Homeless, Family Services, Housing Locations: Massachusetts, Colaborativa, Chelsea , Massachusetts, Texas, Florida, California , Massachusetts, New York, Chicago, York, Hynes, Boston

☆ Where are the 12 US gov't funding bills to avert shutdown?
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +7 min

But first, the House and Senate would have to agree upon the overall dollar amount of spending for the 12 bills combined. The Senate passed its version as part of a three-bill package on Nov. 1 with strong bipartisan support. DEFENSEOne of the largest of the 12 bills funds the Department of Defense - the Army, Navy, Air Force and the CIA. The Senate's version passed out of committee on July 27. The Senate's version passed out of committee on July 27.

Persons: Jon Cherry, shutdowns, Joe Biden, Biden, Kevin McCarthy, Moira Warburton, Aurora Ellis Organizations: U.S . Capitol, REUTERS, Rights, Democratic, Republican, Senate, of Veterans Affairs, Army, Navy, Air Force, U.S . Department of Agriculture, Food and Drug Administration, of Transportation, Federal Aviation Administration, Department of Housing, Urban, House Republicans, Amtrak, Department of Defense, CIA, Department of Energy, Nuclear Regulatory, of, of Indian Affairs, Land Management, Environmental Protection Agency, The, Department of Homeland Security, FBI, Federal Emergency Management Agency, Department of State, Agency for International Development, Peace Corps, Congress, Capitol Police, of Congress, Office, Treasury, of Columbia, Federal Trade Commission, COMMERCE, of Commerce, U.S . Census, U.S . Patent, Department of Justice, Republicans, HUMAN, of Education, Department of Health, Human Services, Department of Labor, Social Security Administration, National Labor Relations Board, Thomson Locations: Washington , U.S, United States, New York, U.S, Washington

☆ The best evidence yet that banning Airbnbs will make rent go down
▼ + stars: | 2023-11-08 | by ( Katya Schwenk | ) www.businessinsider.com time to read: +14 min

The case of IrvineWhen the city of Irvine took on short-term rentals in 2018, Airbnb seemed unstoppable. Its tentacles had spread to cities across the globe, converting entire neighborhood blocks, in the most dramatic cases, to short-term rentals. Plenty of cities had passed ordinances banning short-term rentals, only to see Airbnb listings continue to pop up. That's consistent with data on short-term rentals in Irvine, which showed that by January 2021, the number of listings in Irvine had halved. As the Berlin and Boston studies found, when houses or apartments are pulled off the long-term market to be used as short-term rentals, housing supply decreases.

Persons: it's, that's, Banning, Irvine, Airbnb, Michael Seiler, College of William & Mary, Seiler, Murray Cox, Ken Fairbanks, Fairbanks, Cox, Airbnbs, Alicia Glen, Sarah Saadian, It's, we're, Saadian, Katya Schwenk Organizations: —, New, Real Estate Economics, College of William &, Irvine, New York's, Housing Coalition, The Locations: New York City, New York, York City, Irvine , California, Orange County, Real, Irvine, Plenty, Airbnbs, . New York City, Berlin, Boston, Burlington , Vermont, Summit County, Colorado, New, Airbnb, Phoenix , Arizona

Most Americans still have to commute every day. Jenn Ackerman for The New York TimesLike a majority of Americans, Ms. Hargreaves was unable to do her work at home. Source: American Community Survey Note: Average commute length for 2020 is not included. The average commute distance changed much less, an indication that commuters are driving faster — but also, more people are driving. “A lot of our choice riders, we're still working to influence them to re-choose transit,” Ms. Tucker said.

Persons: Torie Hargreaves, Jenn Ackerman, Hargreaves, Ms, That’s, Andrea Villanueva, Villanueva, The New York Times “, ” Christopher Wiese, Dr, Wiese, “ There’s, ”, Patricia Mokhtarian, John Goodwin, Rosalind Tucker, we're, Tucker, Aimee Lee, Lee Organizations: Atlanta Washington San, Mo . Chicago Minneapolis New, Mo . Chicago Minneapolis New York City Los Angeles Philadelphia Columbus Denver, The New York Times, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San Francisco Seattle Washington Midnight, Georgia Institute of Technology, Census, New York City –, Philadelphia –, Angeles –, Francisco –, Boston –, Seattle –, Chicago –, Denver –, Kansas City –, Miami –, Houston –, Minneapolis –, Washington –, Austin –, Dallas –, Atlanta –, Charlotte –, Columbus –, Nashville –, Detroit –, BART, area’s Metropolitan Transportation Commission, Labor Department, Atlanta Regional Commission, Lifeline, Chicago Metropolitan Agency for Planning, Regional Transit Authority, % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % Locations: Atlanta Washington San Francisco Boston Kansas City, Mo . Chicago Minneapolis, Mo . Chicago Minneapolis New York, Minneapolis, postpandemic, Atlanta, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San Francisco Seattle, South Minneapolis, North Minneapolis, Boston, Chicago , Kansas City, San Francisco, Washington, New York, Francisco, area’s

Search resuls for: "of Housing"

25 mentions found