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☆ Who will build new homes in Trump’s America?
▼ + stars: | 2024-11-19 | by ( Samantha Delouya | Julia Vargas Jones | ) edition.cnn.com time to read: +9 min

Trump has said that undocumented immigrants share the blame for America’s once-in-a-generation home affordability crisis, but the president-elect’s deportation plans may backfire, driving up the cost of homebuying even further. There is a need for more construction workers, as well: There were 282,000 construction jobs open as of September, according to the Bureau of Labor Statistics. “Immigrant labor is really important for our ability to continue to build homes affordably,” said Tobin. More than one-third of construction workers in the labor force are foreign-born, according to the US Census Bureau’s 2023 American Community Survey. In some states, that share is much higher: In California, New Jersey and Texas, more than half of construction workers are immigrants.

Persons: CNN — Duewight Garcia overstayed, Garcia, ” Garcia, Donald Trump’s, Trump, America’s, Riordan Frost, Frost, ” Frost, Jim Tobin, ”, Tobin, “, Duewight Garcia, Edward Pinto, ” Pinto, Stan Marek, MAREK, it’s, ” Marek, Trump’s, Ohio Sen, JD Vance, ” Vance, Marek, they’re, Jennie Murray, ” CNN’s Tami Luhby Organizations: CNN, New, Joint Center for Housing Studies of Harvard University, National Association of Home Builders, Bureau of Labor Statistics, Pew Research, Survey, American, National Immigration Forum, Trump, Housing Center, American Enterprise Institute, Labor, The New York Times, National Immigration Locations: Honduras, New York City, America, California , New Jersey, Texas, New York, California, Wells Fargo, Houston

☆ This city has the largest percentage of $1 million homes—it's not New York
▼ + stars: | 2024-11-13 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

The number of million-dollar homes is increasing across the U.S., but they're highly concentrated in certain places, according to a November LendingTree analysis. San Jose, California, tops the list of U.S. metros with the highest share of million-dollar homes with 72% of owner-occupied homes worth over $1 million, according to LendingTree. San Jose isn't the only California metro area with a large share of million-dollar homes. However, it's worth pointing out while New York has a lower percentage of million-dollar homes, it has a higher total number of them than San Jose or San Francisco. Here are the 10 U.S. metro areas with the highest share of $1 million homes, according to LendingTree.

Persons: Jose isn't Organizations: Census, American, Survey, U.S, metros, Homes, San Diego Locations: U.S, San Jose , California, It's, San Jose, California, San Francisco , Los Angeles, New York, Jose, San Francisco

☆ What Trump's mass deportation plan would mean for immigrant workers and the economy
▼ + stars: | 2024-11-10 | by ( Kevin Williams | ) www.cnbc.com time to read: +13 min

Mass deportation would exacerbate this economic issue, say employers and economists. Leverant says it is still being determined how jobs lost from a mass deportation would be filled. "Looking at specific occupations, about one-quarter of farm workers, agricultural graders, and sorters are undocumented workers. "One of the natural problems with undocumented workers, we don't know how many are here because they are undocumented. A mass deportation is not possible without crippling economic impact," he said.

Persons: Donald Trump, Donald J, Trump, Jason Leverant, Leverant, Chad Prinkey, AtWork, Janeesa Hollingshead, Hollingshead, Uber, Trump's, David Leopold, Leopold, Kristen Welker, isn't, they're, Nan Wu, Wu, Prinkey Organizations: U.S, White, TPS, AtWork, American Progress, American Immigration Council, American Community Survey, Pew Research Center, Consulting, Uber Works, American Immigration, Citizenship, Immigration Services, Trump, NBC News, AIC, USDA, Conservative, CNBC Workforce, cnbccouncils.com, wec Locations: Mexico, Eagle, , Texas, Piedras Negras, U.S, United States, Madison, New York, Greensfelder, California, Prinkey, Boston, Austin

Most Americans who moved to Texas came from California and Florida, followed by New York and Illinois. AdvertisementMichelle Clifford and her family moved from California to Texas. Where people from Texas move toThere are also plenty of people who leave Texas in search of greener pastures. Between 2022 and 2023, about 38,700 people moved from Texas to California, a slight decrease from the 42,300 who did so the previous year. Courtesy of Ty JoergerTexan native Ty Joerger, 25, and about a dozen of his friends moved from Texas to the Pacific Northwest over the past two years.

Persons: —, Arielle Francois, Madison Hoff, Arielle Francois California, Francois, Michelle Clifford, Michelle Clifford Take, Clifford, It's, Bella Hadid, VALERY HACHE, Adan Banuelos, Emma Stone, Joe Rogan, Batts, Batts Flora Batts, Michael Dell, Austin, Ty Joerger, Ty, Joerger Organizations: Lone Star State, Service, Business, American Community Survey, Texas, Getty, Austin, Texans, Tech, Dell, Seattle Mariners Locations: Texas, California, Florida, New York, Illinois, Miami, Dallas, PMG, South Florida, Miami ., Arielle, Florida for Texas . Texas, Oklahoma, Louisiana , Colorado , Illinois, Washington, Michelle Clifford Take California, Celina , Texas, Celina, Cannes, AFP, Fort Worth , Texas, New York City, Hollywood, Los Angeles, Colorado, Georgia, Louisiana, Pennsylvania, Batts Flora, Austin, Erie, Cleveland, Seattle, Pacific Northwest

☆ Questions about sexual orientation and gender ID on track to be on U.S. Census Bureau survey by 2027
▼ + stars: | 2024-11-07 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

Questions about sexual orientation, gender identity and changes to queries about race and ethnicity are on track to be asked in the most comprehensive survey of American life by 2027, U.S. Census Bureau officials said Thursday. Under the revisions, questions about race and ethnicity that previously were asked separately will be combined into a single question. Questions in English and Spanish about sexual orientation and gender identity started being tested in August with trial questionnaires sent out to several hundred-thousand households. On the sexual orientation test question, respondents can provide a write-in response if they don’t see themselves in the gay or lesbian, straight or bisexual options. The trial questionnaire also is testing “degenderizing” questions about relationships in a household by changing options like “biological son or daughter” to “biological child.”

Persons: ” Organizations: Census, American, Survey Locations: U.S, Eastern

☆ A Controversial Vacation Homes Tax Is Dividing Lake Tahoe
▼ + stars: | 2024-11-05 | by ( Amanda Yen | ) www.businessinsider.com time to read: +12 min

My grandparents' vacation cabin in Lake Tahoe is the stuff of legend. My grandparents' little house in South Lake Tahoe, which they bought for $113,000 in 1984, quickly became a haven for my family. Framers of the Tahoe tax measure took inspiration from Berkeley, California, which adopted a vacancy tax this year. Since the city of South Lake Tahoe was incorporated in 1965, it's been populated by a healthy mix of year-round and seasonal residents. As of October 2024, the median sales price for homes in South Lake Tahoe was $750,000, according to Realtor.com.

Persons: George Rose, it's, Amelia Richmond, —, Steve Teshara, Teshara, Frederic Lewis, Sherri Maslyar, Jeff Cowen, we'd, Amanda Yen, I'd Organizations: of Commerce, South Tahoe Association of Realtors, BI, Colorado and, Survey, Tahoe Chamber of Commerce, Realtors ' Association, Business, Tahoe, Planning Association Locations: Tahoe, South Lake, Berkeley , California, Oahu, Colorado, Aspen, Vail, Breckenridge, Bay, Colorado and Utah, Park City , Utah, Richmond, Emerald

Census data released on October 17 indicates that New York recorded the highest rate of people moving out of all 50 states. Business Insider calculated each state's net moving rate by comparing the number of people who moved into and out of each state per 1,000 people. The states people move out of the mostOf all 50 states, New York ranks last with a net moving rate of -9.23. But because of its larger population and the greater number of movers into the Golden State, California's net migration rate lands right after Louisiana's. North Dakota — which has about 780,000 residents to New York's 20 million — had the highest net migration rate at 17.55.

Persons: —, Jackie Nguyen, hadn't, Nguyen, Dan Latu, Sarah Dickerson, we've, Dickerson, We've, Davrick Hayes, " Hayes, Everett Atlas Organizations: Service, Kansas, American Community Survey, , New York, Washington DC, Golden State, Kenan, of Private Enterprise, University of North, Dakota, Carolinas, Getty Images Vermont Locations: New York, New Jersey, Illinois, Kansas City , Missouri, York, , New, Alaska, Louisiana, California, University of North Carolina, New York City, Los Angeles, New, North Dakota, Bismarck , North Dakota, LA, South Carolina . North Carolina, Raleigh , North Carolina, East, South Carolina, Delaware, Boston, Vermont

Between 2022 and 2023, over 690,100 people left California, according to new census data. So, in January 2022, Speakman and her family packed up and left Temecula, California, for the Dallas-Fort Worth area. AdvertisementBetween 2022 and 2023, about 54,200 people also left California for Arizona, a decline from 74,100 the year before. AdvertisementWhere people are moving to California fromWhile fewer people from other states moved to California between 2022 and 2023 than between 2021 and 2022, the allure of the Golden State remains robust. She left California seeking a more favorable political climate and a better chance at achieving the American dream.

Persons: —, Kellee, California's COVID, Speakman, Jeffrey VonderHaar, Jeffrey VonderHaar Jeffrey VonderHaar, VonderHaar, Michelle Clifford, Michelle Clifford Michelle Clifford, Clifford, Abby Raisz, Raisz, It's, Kimberly Wilkerson, Wilkerson, Dannielle Price, Eiman, Zora, Price Dannielle Price, Price, Eiman Monam Organizations: Golden State, Service, Texans, Dallas, American Community Survey, BI, Council Economic Institute, CBS News Locations: California, Texas, Temecula , California, Fort Worth, Golden State, Arizona, Nevada, Washington, Florida, California's, Calabasas , California, Houston, Celina, Dallas, New York, Oregon, Illinois, Bay, Austin , Texas, Oakley , California, Austin, Tyler , Texas, Riverside , California, Henderson , Texas, Tyler

And among young voters who say they will vote in the presidential election in November, Harris leads 56%-36%, a 20-point advantage. Young women said they’ll vote for Harris over Trump by a 33-point margin. The gender differences splashed across the issues young voters say are most important to their vote. Roughly a third of young voters said they’ll pay attention to endorsements by political leaders (38%) and organizations to which they belong (31%). One-third of young voters have a positive view of Trump’s VP pick, JD Vance, and 45% have a negative view of him.

Persons: Kamala Harris, Donald Trump, Harris, Trump, that’s, Joe Biden, Taylor Swift, Elon Musk, Elon, Swift, Tim Walz, JD Vance, Walz, Vance Organizations: NBC, Trump, Democratic National Convention, SurveyMonkey, American, Survey

☆ A 23,000-square-foot mansion on Long Island's Gold Coast is on sale for $33.5 million. Look inside the home nicknamed 'Shangri-La.'
▼ + stars: | 2024-10-09 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +2 min

Brookville has been named one of the most affluent neighborhoods in the US. The home, nicknamed "Shangri-La," has eight bedrooms and sits on 21.9 acres of land. One of these properties is a $33.5 million mansion nicknamed "Shangri-La," which has been on the market for a year and a half. It's located in the small village of Brookville, which has been named one of the most affluent neighborhoods in the US. AdvertisementKeep scrolling to see inside this expansive property in one of the country's most affluent neighborhoods.

Persons: —, Daniel Gale Sotheby's Organizations: Service, Survey Locations: Brookville, Long, of Long, , New York

☆ The 10 least valuable college degrees—only 1 helps grads earn more than $50,000
▼ + stars: | 2024-10-08 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

A college degree can help you financially get ahead, compared to a high school diploma alone. Bankrate looked at median salaries among workers and job seekers with at least a bachelor's degree, along with unemployment rates and advanced degree rates, to rank the most and least valuable college degrees. Here are the 10 least valuable college degrees in 2024, according to Bankrate:1. People with bachelor's degrees in less-common foreign languages have a slightly lower unemployment rate, but nearly half (45%) of these grads have advanced degrees. That data suggests an advanced degree — and the years of school required to to earn it — may be needed to to fare better financially in those careers.

Persons: Bankrate, Get Organizations: National Center for Education Statistics, Survey, —, New York Fed, Communications, CNBC Locations: New York

For the whole U.S., the median rent is $1,406 and the median mortgage payment is $1,904. Cost of living comparison: Renting vs. buying by stateIn the U.S., the median rent is $1,406 and the median monthly mortgage payment is $1,904. In New York City, for example, median rent is $1,748, making it more expensive than most states, even though New York state's median rent is only $1,561. Median rent costs as a percentage of incomeIt's important to keep in mind that income also varies from state to state. Methodology: How we determined rent and mortgage costsOur median rent, household income, and mortgage payment data comes from the Census Bureau's 2023 American Community Survey 1-year estimates.

Persons: You'll, you'll, Grace, Molly Grace, Molly, Read Organizations: Hampshire, Dakota, Rhode, West Virginia, Alabama, Colorado, Indiana, Iowa, Maryland, Michigan, Montana, Nebraska, Tennessee, Washington, Survey, Business, Rocket Companies, Indiana University Locations: West Virginia , Mississippi, North Dakota, South Dakota, Kentucky, West Virginia , Arkansas , Mississippi , Indiana, Alabama, U.S, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Washington, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, Jersey, Mexico, York, Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Vermont, Virginia, Wisconsin, Wyoming, West Virginia, Dakota, New York City, New York, Hampshire

☆ These are the 10 most valuable college degrees—all but 1 help grads earn six figures
▼ + stars: | 2024-10-01 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +5 min

Electrical engineeringMedian salary: $115,000$115,000 Unemployment rate: 1.9%1.9% Percentage of workers with advanced degrees: 47.6%2. Computer engineeringMedian salary: $112,000$112,000 Unemployment rate: 2.1%2.1% Percentage of workers with advanced degrees: 38.8%3. Petroleum engineeringMedian salary: $100,000$100,000 Unemployment rate: 0.9%0.9% Percentage of workers with advanced degrees: 39.2%4. Aerospace engineeringMedian salary: $105,000$105,000 Unemployment rate: 1.9%1.9% Percentage of workers with advanced degrees: 48.9%5. Mechanical engineeringMedian salary: $100,000$100,000 Unemployment rate: 1.9%1.9% Percentage of workers with advanced degrees: 38.9%7.

Persons: Bankrate, It's, Get Organizations: Survey, Computer, Petroleum, Aerospace, Bureau of Labor Statistics, Actuaries, CNBC

☆ The 10 college majors that pay off when searching for a job
▼ + stars: | 2024-09-30 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Bankrate found the "most valuable" majors among 152 fields of study. Valuable majors were based on unemployment, salary, and people with advanced degrees. AdvertisementA new analysis of 152 majors found engineering degrees are valuable financially and in the labor market. Bankrate analyzed 2022 American Community Survey data to determine the "most valuable college majors." AdvertisementBelow are the majors that made the top 10 in Bankrate's ranking:The top nine most valuable majors had median salaries of at least $100,000.

Persons: Bankrate, —, Alex Gailey, Gailey, grads Organizations: Service, Survey, Petroleum, Pew Research Center, Federal Reserve Bank of New Locations: Bankrate's, Federal Reserve Bank of New York

☆ The 10 best retirement towns for America's middle class—5 of them are in Florida
▼ + stars: | 2024-09-28 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

In September, GOBankingRates ranked the best retirement towns in the U.S. for the middle class in 2024. The following factors were then considered for each city:Total populationPopulation aged 65 and overTotal householdsMedian household incomeNumber of households receiving Social Security benefitsNumber of households receiving retirement incomeAverage Social Security benefits for households receiving themAverage retirement income for households receiving itThe data sources used for the report include the U.S. Census American Community Survey, Zillow's Home Value Index and more. GOBankingRates' study found that middle-class Americans will have the most success retiring in Florida, Ohio, and Arizona. The middle class has always flocked to Florida because of its affordability," Ray Marek, GOBankingRates' media outreach manager, tells CNBC Make It. Marek added that despite the rising cost of living in Florida, the data shows that Florida is still a top destination for middle-class retirees who want to live in a place that offers a balance between affordability and quality of life.

Persons: GOBankingRates, Ray Marek, Marek Organizations: Social, Census, Community Survey, Sunshine State, CNBC Locations: U.S, Florida , Ohio, Arizona, Florida

☆ Half of renters live somewhere they can't afford
▼ + stars: | 2024-09-21 | by ( Eliza Relman | Noah Sheidlower | ) www.businessinsider.com time to read: +1 min

Half of US renters spend over 30% of their income on housing, Census data shows. Skyrocketing home prices and rents, driven by supply shortages and high interest rates, are to blame. African-American and Hispanic renters are the most cost-burdened, with over half exceeding the 30% rule. But as home prices and rents have skyrocketed in recent years, that so-called 30% rule is increasingly challenging to follow. And for a whopping half of US renters, it's become impossible.

Persons: —, it's Organizations: Service, US, Bureau, Survey, Business

☆ Attempts to purge voter rolls increase as election nears
▼ + stars: | 2024-09-20 | by ( Devan Cole | ) edition.cnn.com time to read: +11 min

As of Tuesday, at least three dozen cases related to voter rolls and their maintenance are pending in 19 states, according to the liberal-leaning Democracy Docket, which tracks election litigation. The right-wing effort to purge voter rolls has largely centered around claims that noncitizens are casting illegal votes in favor of Democrats. “There’s always been some litigation about voter rolls and list maintenance. Reviewing voter rolls is a regular practice for states, and despite the 90-day quiet period, the NVRA does allow individuals to ask to be taken off lists close to an election. The federal law exempts some states if they allow voter registration on Election Day at polling centers where federal elections are conducted.

Persons: Donald Trump’s, Joe Biden, Kamala Harris ’, Brennan, “ There’s, ”, Uzoma Nkwonta, Nkwonta, ” Justin Levitt, “, Meritless, Biden, Jason Frazier, Earl Ferguson, Wes Allen, Allen, State Francisco Aguilar, Aguilar, Levitt, J, Christian Adams, Daniel Dale, Fredreka Schouten Organizations: Washington CNN, Republican National Committee, Justice Department, Brennan Center for Justice, New, Loyola Law School, Biden White House, Republicans, NGPAF, Biden, Trump ., DOJ, CNN, Alabama Republican, RNC, Nevada Democratic, State, Nevada Department of Motor Vehicles, Survey, Michigan Bureau, Interest Legal Foundation Locations: Georgia , Nevada , Michigan, Wisconsin, New Georgia, Georgia, Fulton County, Fulton, Trump, Trump . Fulton County, Atlanta, Nevada, Michigan , North Carolina, Arizona, Michigan

Polish American voters are having a moment. “The Polish American vote there is meaningful,” Jackson said. “A question I frequently get is whether there is even such a thing as a Polish American vote. The efforts by Harris and Trump show “the candidates are clearly making a play for the Polish American vote,” said Dominik Stecula, an assistant professor of communications at Ohio State University. Many Polish Americans do not speak Polish and have never been to Poland, and they long ago moved to the suburbs from the tightly packed Polish neighborhoods that once predominated.

Persons: Kamala Harris, Donald Trump, ” Harris, Trump, Harris, Tom Malinowski, Maureen Pikarski, Joe Biden's, Malinowski, Andrzej Duda, Duda, David James Jackson, “, ” Jackson, ”, Dominik Stecula, ” Malinowski, Stecula, ” Stecula, Vladimir Putin, Putin, Jackson, it’s Organizations: Polish, New, Harris Facebook, Biden, National, of, Solidarity, Bowling Green State University, Trump, Ohio State University, Democratic, Piast Institute, Survey Locations: Pennsylvania, New Jersey, Chicago, Polish, Poland, Ukraine, Krakow, Czestochowa, Philadelphia, Soviet Union, Ohio, Polish American, Pennsylvania , Michigan, Wisconsin, Michigan, Stecula, U.S, Luzerne County, Wilkes, Barre

☆ How Springfield, Ohio, became home for thousands of Haitian immigrants
▼ + stars: | 2024-09-19 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +11 min

Mayor Rob Rue told CNN the city’s population has grown about 25% over the past three years, in part due to the arrival of Haitian immigrants. Volunteer teacher Hope Kaufman leads Haitian students during an English language class at the Haitian Community Help and Support Center in Springfield, Ohio, on September 13, 2024. They’re very happy to have them there, and frankly, that’s helped the economy.”Has something changed with Haitian immigration to the US? Members of the Haitian community in Springfield, Ohio — from left, Lindsay Aime, James Fleurijean, Viles Dorsainvil and Rose-Thamar Joseph — stand for worship at Central Christian Church on September 15, 2024. But in an interview with ABC’s “This Week,” the Republican governor stressed the economic benefit the Haitian immigrants are bringing to the city.

Persons: Margery Koveleski, she’s, ”, who’s, Last, Rob Rue, Chris Cook, …, Hope Kaufman, Roberto Schmidt, CNN’s Omar Jimenez, Mike DeWine, that’s, Biden, Nicaraguans, it’s, who’ve, they’d, Cook, Julia Gelatt, ” Gelatt, “, ” What’s, “ Haiti’s, Donald Trump, Lindsay Aime, James Fleurijean, Viles Dorsainvil, Thamar Joseph —, Jessie Wardarski, Sens, Sherrod Brown of, Tim Scott of, Bryan Heck, ABC’s, ” CNN’s Chelsea Bailey, Omar Jimenez, Meridith Edwards, Chris Boyette, Jack Forrest, Priscilla Alvarez Organizations: CNN, American Community Survey, Springfield City Council, AFP, Getty, ” Ohio Gov, ABC, United, US Customs, Department of Homeland Security, Officials, Citizenship, Immigration Services, House Homeland Security, Central Christian Church, City, Republican Locations: Springfield, Ohio, Haitian, Clark County, ”, ” Clark County, Koveleski, Springfield , Ohio, “, Macy’s, ” Ohio, “ Ohio, United States, Haiti, South America, Miami, Ft . Lauderdale, New York City, Canada, Cincinnati, Columbus, What’s, Sherrod Brown of Ohio, Tim Scott of South Carolina

☆ Why these three states are the most consistent tipping point in American politics
▼ + stars: | 2024-09-17 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +21 min

Trump won the presidency in 2016 by stunning Democrat Hillary Clinton to win all three states by a combined margin of about 80,000 votes. But, as in other states, Democrats have been concerned about the risk of depressed turnout and some gains for Trump among Black voters in Philadelphia. Eight years later, the two states split again, when Roosevelt comfortably won Pennsylvania and Michigan narrowly went to Republican Wendell Willkie. This trio of states has arguably become the most consistent tipping point in American politics. In the nine elections since 1920 when they split their vote, the candidate who carried two of these three states won seven times.

Persons: Kamala Harris, Donald Trump –, Trump, Hillary Clinton, Joe Biden, Harris, Bob Shrum, Shrum, Tad Devine, “, Biden, PRRI, William Frey, Tim Marema, don’t, Mason, Dixon, Barack Obama, Tony Evers, Gretchen Whitmer, Josh Shapiro, Republican Sen, Ron Johnson, Dane County, Ben Wikler, Pete Giangreco, ”, You’ve, That’s, Gene Ulm, Roe, Wade, Whitmer, Branden Snyder, It’s, Clinton, Dante Chinni, White, ” Chinni, they’ve, They’ve, Republican pollster Patrick Ruffini, Ruffini, “ I’m, ” Ruffini, Geoff Garin, Michael Dukakis, Republican George H.W, Republican George H.W . Bush, James Buchanan, John C, Franklin D, Roosevelt, Herbert Hoover, Republican Wendell Willkie, Gerald Ford, Jimmy Carter, Theodore Roosevelt’s, Al Gore, John Kerry, Republican Thomas Dewey, Hubert Humphrey, Garin Organizations: CNN, White House, Democratic, Michigan, Wisconsin, AdImpact, Trump, Center, University of Southern, “, Republicans, Survey, Blacks, of Labor Statistics, Public Religion Research, Whites, GOP, Brookings Metro, for Rural, doesn’t, Keystone State, Republican, Center for Rural, Democrats, Biden, Black, White, Wisconsin , Michigan Democrats, Detroit, Electoral, American Communities Project, …, Democrat, Pennsylvania, Republican Party Locations: Michigan, Wisconsin, Pennsylvania, Georgia, North Carolina , Arizona, Nevada, Flint , Michigan, University of Southern California, California , New York, Illinois, Texas, Florida, Ohio, . Michigan, Wisconsin’s, Milwaukee, Philadelphia, Detroit, Waukesha, Ozaukee, Washington, Madison, Dane, Dane County, Eau Claire, Appleton, La Crosse, Outagamie, Winnebago, Green Bay, Green, Chicago, Scranton, Wilkes, Barre, ” Michigan, “ Michigan, Gaza, Wisconsin , Michigan, United States, “ Pennsylvania, Ulm, Pittsburgh, Butler , Pennsylvania, Republican George H.W ., Fremont, North Carolina, Michigan , Pennsylvania, “

☆ The states where rent is going up the fastest — and the slowest
▼ + stars: | 2024-09-16 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

States such as Maine, New Mexico, and Utah have seen the largest percent increases in median gross rent — which includes rent and utility costs — between 2022 and 2023. The median housing cost for renters increased from $1,354 to $1,406 during this period. The census data covers increases between 2022 and 2023, and more recent data shows that cost growth has continued this year. According to national Redfin data, rents increased slightly nationwide in September 2024 compared to the year prior, at 0.9%, and are now $1,645 for all rental sizes. The ACS reveals some racial inequities among cost-burdened households.

Persons: — Organizations: Service, Survey, Business, DC Locations: Maine, New Mexico, Utah, Hawaii, Washington, Florida, Mississippi, Alaska, New York, Raleigh, Fort Worth, Charlotte, Milwaukee, Florida , Nebraska, Vermont, Alaska , Delaware, Georgia, Pennsylvania

☆ Nearly half of US renters spend more than 30% of their income on housing costs
▼ + stars: | 2024-09-12 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

CNN —Nearly half of all renter households in the US were cost-burdened in 2023, meaning they paid more than 30% of their income towards housing costs, according to new government data. “Housing costs rose between 2022 and 2023 for both homeowners and renters,” Molly Ross, a survey statistician at the Census Bureau, said in a statement. Households that spend more than 30% of their income on rent, mortgage payments or other housing costs are considered “cost-burdened” by the US Department of Housing and Urban Development. In 2023, 56.2% of Black or African American households spent more than 30% of their income on housing costs, compared to 49.7% of the total population. About 2.5 million, or 30.6%, of Black households were considered “severely cost-burdened,” meaning they spent more than 50% of their income on housing costs in 2023.

Persons: Molly Ross, Kamala Harris, Donald Trump, Trump Organizations: CNN, Survey, Census, US Department of Housing, Urban Development, Federal Reserve Locations: Florida, Texas , California , New York, Louisiana, Illinois , Kansas , Minnesota, New Mexico , New York, West Virginia

The report examined Americans who have identified as nonprofit workers on the Census' American Community Survey, including many employees in healthcare, educational services, and social assistance. Younger nonprofit workers are particularly struggling. According to the report, 37% of nonprofit workers under the age of 25 fall into the ALICE category. Similarly, 23% of nonprofit workers ages 25 to 44 are considered ALICEs. And, while 16% of white nonprofit workers were below the ALICE threshold, 35% of Black workers in the sector were struggling to make ends meet.

Persons: ALICE, Lisa Kelley, they're, It's, Cherie Tobias, Melissa Hedden Organizations: Service, United, Survey, Business, SNAP, Medicaid Locations: El Paso , Texas, Alexandria , Virginia, Cincinnati, Michigan

☆ The salary you need to be considered middle class in the 25 largest U.S. cities—it can be over $250,000 in San Francisco
▼ + stars: | 2024-07-22 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

A middle class lifestyle can look different depending on where you are. In the San Francisco area, an annual income of $250,000 would classify your household as middle earners, based on 2022 Census Bureau American Community Survey data. That means middle class households there earn between $85,434 and $256,302 a year. Median household incomes in each of these areas are over $100,000 a year. Here are the ranges of middle class incomes in the 25 biggest U.S. metros:

Organizations: American, Survey, D.C, U.S, metros Locations: San Francisco, Oakland, Berkeley , California, U.S, Washington, Seattle, Boston

☆ Some renters may be ‘mortgage-ready’ and not know it. Here's how to tell
▼ + stars: | 2024-07-18 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

In 2022, 39% of the 134 million families residing in the U.S. did not own the home they lived in, according to Census data. But on the other hand, households might be unaware they can afford a mortgage, said Orphe Divounguy, senior economist at Zillow. "If rental prices are coming up, maybe it's a good time to consider [buying instead]," she said. "The first step is trying to understand whether or not it's worth getting all the paperwork together," she said. Understanding the status of your credit and your debt-to-income ratio is a good place to start.

Persons: Zillow, Orphe Divounguy, Melissa Cohn, Cohn Organizations: American, Survey, U.S . Census, Zillow, Finance, William, Mortgage Locations: U.S

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