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☆ Demi Lovato, Kelly Rowland, Olivia Wilde and more help Christmas come early for children in South Los Angeles
▼ + stars: | 2024-12-04 | by ( Sandra Gonzalez | ) edition.cnn.com time to read: +5 min

“Baby2Baby will put you to work and that’s the best part,” said Rowland, who began collaborating with the nonprofit when she was pregnant with her first son. You’re going to talk to me, and I’m going to listen to every single thing you have to say,’” Rowland remembered thinking. “I just let them guide me because this is their moment.”Kelly Rowland has volunteered with Baby2Baby for ten years. Michael Kovac/Getty ImagesIn another corner of the toy shop, Olivia Wilde has filled her shoppers’ bags with everything from NASA Legos to friendship bracelet-making kits. “I think we’ve been very lucky with the group that we have assembled, and they couldn’t be more supportive.

Persons: Demi Lovato, Kendrick Lamar, Whitney Alford, Kelly Rowland, “, ”, Rowland, ” Rowland, ’ ” Rowland, ” She’s, ” Kelly Rowland, Michael Kovac, Olivia Wilde, NASA Legos, ‘, Daisy, Norah Weinstein, Kelly Sawyer Patricof, Hurricanes Milton, Helene, ” Weinstein Organizations: Los Angeles CNN —, BMO, NASA, Hurricanes Locations: Los Angeles, South Los Angeles

☆ 2014 murder of Lesley Woodman in Bessemer, Alabama, unsolved a decade later
▼ + stars: | 2024-12-01 | by ( Nicolás Viñuela | Nicolás Viñuela Is An Associate Producer With Dateline Nbc. | ) www.nbcnews.com time to read: +9 min

Whitney and her mother, 35-year-old Lesley Woodman, were supposed to go to Party City that day to get supplies for the celebration. “The last time I spoke to her was the night beforehand,” Whitney told Dateline. “I just decided to stop by her work,” she told Dateline. “You’d be in a bad mood and she’d come around and, I mean — you’d be in a good mood,” he told Dateline. “That was a big, big deal.” Lee told Dateline he left for work the next morning while Lesley was still sleeping.

Persons: Whitney Burr, Whitney, Lesley Woodman, “, ” Whitney, couldn’t, ”, Lesley, Ellis Lee Bentley, ” Lesley Woodman Whitney Burr Jimmie Guyton, Jimmie, “ Lesley, —, ” Lesley Woodman Whitney Burr Whitney Burr, Lee . Lee, Lesley “ wouldn’t, ” Lesley, Lee, “ You’d, ” Lee, Lesley Woodman Whitney Burr, Robert Guyton, Robert, “ Bob, ” Jimmie, ” Lesley Woodman Whitney Burr Lee Bentley, Lee’s, Wayne Curry, haven’t, ” Lee Bentley, it’s, Jimmie Guyton, Lesley Woodman’s Organizations: “, Dateline, Jefferson, Sheriff’s Locations: City, Bessemer , Alabama, Florida, Alabama, Bessemer, Lesley, Jefferson

This spiraled into a diss-track war in April and May, with Cole, Drake, Rick Ross, and Lamar all releasing new songs. Later in the track, Drake references Cole's diss track and apology. Evan Agostini/Invision/APLater in the track, Drake raps that he gave Future his first No. At the end of the track, Lamar samples a 1994 Tupac interview to simulate a conversation between the two rappers. Instead of insulting Drake, Lamar claims that the "Push Ups" rapper's circle has been feeding him lies, leaking information about him, and hoping for his downfall.

Persons: Drake, Kendrick Lamar, Lamar, Lamar dissed Drake, J, Cole, Rick Ross, Hannah Getahun, Joseph Okpako, WireImage Lamar, Jermaine Cole, Big, Wale, Pusha, Meek Millz, Big Sean, Jay, Tyler, Mac Miller, Kunta, Lamar hasn't, Meek, Getty, Tim Mosenfelder, Aubrey, Muhammad Ali, Michael Jackson, Jackson, “, rics,, m., ake Organizations: UMG, Spotify, Future, Metro, Universal Music Group, Wireless, Lamar, Big, Rocky, Rap Locations: Drake's, Lamar, Drake, Diss, Lamar's, Florida

☆ Home prices may fall 20% as the housing market thaws — and help get baby boomers moving, research legend says
▼ + stars: | 2024-11-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

AdvertisementMeredith Whitney expects home prices to fall by 10% to 20% as the frozen housing market starts thawing. The veteran researcher said baby boomers aren't selling, restricting the number of homes available. Home prices are poised to fall by up to a fifth as the frozen housing market thaws — and that could help baby boomers sell at last and younger people to become homeowners, Meredith Whitney says. Advertisement"The problem is the baby boomers own 60% of the housing stock," she said, referring to single-family, owner-occupied homes. AdvertisementSeveral economists have predicted a "silver tsunami" as baby boomers sell their homes to downsize or move into care homes, increasing the available supply of single-family homes and reducing prices.

Persons: Meredith Whitney, It's, Price, Whitney, millennials Organizations: Meredith Whitney Advisory Group, Homeowners, Federal Reserve, National Association of Realtors, CNBC

☆ Cissy Houston, renowned gospel singer and Whitney Houston’s mother, dies at 91
▼ + stars: | 2024-10-07 | by ( ) www.nbcnews.com time to read: +3 min

Cissy Houston, renowned soul and gospel singer and mother to Whitney Houston, died at the age of 91. Houston, a two-time Grammy winner who sang backup for Aretha Franklin and Elvis Presley, passed away at her home Monday morning in New Jersey, according to her daughter-in-law Pat Houston. May she rest in peace, alongside her daughter, Whitney and granddaughter Bobbi Kristina and other cherished family members.”Whitney Houston and Cissy Houston at the Annual People's Choice Awards in 1993. She later formed the Sweet Inspirations alongside Dee Dee Warwick and Doris Troy, singing backup for Otis Redding, Dusty Springfield and Dionne Warwick. “On behalf of The Houston Family, we are touched by your generous support, and your outpouring of love during our profound time of grief,” said the family in a statement.

Persons: Cissy Houston, Whitney Houston, Aretha Franklin, Elvis Presley, Pat Houston, ”, Cissy, Whitney, Bobbi Kristina, ” Whitney Houston, Houston, Dee Dee Warwick, Doris Troy, Otis Redding, Dusty Springfield, Dionne Warwick, Van Morrison’s “, Jimi Hendrix, Presley, Bette Middler’s, Chaka Khan, Diana Ross, David Bowie, Beyoncé, Donny Hathaway, Wilson Pickett, ” Houston, Dionne, Leontyne Price, “ Organizations: CBS, Getty, Houston ”, Houston Locations: Houston, New Jersey, Newark , New Jersey, Las Vegas

☆ Cissy Houston, Grammy-winning singer and mother of Whitney Houston, dead at 91
▼ + stars: | 2024-10-07 | by ( Lisa Respers France | ) edition.cnn.com time to read: +3 min

CNN —Cissy Houston, Grammy-winning singer and mother of Whitney Houston, has died, according to Gwendolyn Quinn, a representative for The Estate of Whitney E. Houston. “Mother Cissy has been a strong and towering figure in our lives. Whitney Houston died in 2012 at the age of 48. Cissy Houston was also the mother of sons Gary and Michael and the grandmother of her several grandchildren, according to her biography. Her granddaughter Bobbie Kristina Brown, died three years after her mother Whitney at the age of 22.

Persons: CNN — Cissy Houston, Whitney Houston, Gwendolyn Quinn, Whitney E, ”, Pat Houston, Cissy, Emily Drinkard, Cissy Houston, Delia Mae Drinkard, Houston, Anne, Larry, Nicky, Lee, Marie, Anne Drinkard, Lee’s, Judy Clay, Dee Dee Warwick, Dionne Warwick, Houston’s nieces, Aretha Franklin, Dusty Springfield, Esther Phillips, Lou Rawls, Otis Redding, Solomon Burke, Wilson Pickett, Franklin, Bette Midler, Beyoncé, Burt Bacharach, Carly Simon, Chaka Khan, David Bowie, Elvis Presley, Jimi Hendrix, Gary, Michael, Bobbie Kristina Brown, Whitney, ” Pat Houston’s, “, Bobbi Kristina Organizations: CNN, The, Whitney, Houston, Newark Public School, New Hope Baptist Church, Sacred Music, Carnegie Hall, Newport Jazz, Webster, RCA Records Locations: Cissy, Newport , Rhode Island, New York City, ”, Cissy Houston

SHENZHEN, China — Chinese vendor Yin Xinwei sometimes makes close to $1,400 a day selling low-priced pill boxes, barbecue spits and other items to U.S. online consumers. Each year hundreds of millions of packages, mostly from Chinese platforms, are sent directly to American consumers eager to take advantage of rock-bottom prices on clothing, electronics and other products. That could mean painful times ahead for the Chinese sellers that supply the platforms — and higher prices for American consumers. Chinese state media has criticized the proposal as protectionist and say it will hurt American consumers. Yin used to sell to Chinese consumers but has given up his domestic business to focus entirely on the overseas market.

Persons: Yin, ”, ” Yin, David Townsend, Dorsey, Trump, Biden, ” Townsend, Temu, “, Jacky Lu, Shein, Eunice Yoon, Jennifer Jett Organizations: CNBC, Whitney, PDD Holdings, White, U.S . Customs, U.S Locations: SHENZHEN, China, Shenzhen, United States, U.S, Singapore, Boston, Hong Kong, Europe, “

☆ Housing will be 'the most important issue over the next several years,' says Meredith Whitney CEO
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHousing will be 'the most important issue over the next several years,' says Meredith Whitney CEOMeredith Whitney, founder and CEO of Meredith Whitney Advisory Group, joins CNBC’s ‘Money Movers’ to discuss how the recent rate cut could impact home sales, the future of home prices and mortgages, and more.

Persons: Meredith Whitney, ’ Organizations: Meredith Whitney Advisory

☆ Gen Z and millennials are propping up the economy — with help from their parents, 'Oracle of Wall Street' says
▼ + stars: | 2024-09-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAccording to a Harris poll from September 2023, about 45% of adults aged 18 to 29 were still living with their parents. However, the "Oracle of Wall Street" economist — so known for correctly predicting the 2008 crisis — did not foresee a recession, given that stronger cohorts would continue to power the economy. Aside from Gen Z and millennial consumers, top-earners are also helping keep the US economy afloat, Whitney noted. Those raking in over $150,000 are still active in the economy, though buying has shifted toward essentials over discretionary products.

Persons: —, Meredith Whitney —, Harris, Whitney, McDonald's, Gen Z Organizations: Service, Financial Times, Business, Whitney, US Bureau of Labor Statistics, Dollar

☆ Whitney Leavitt has emerged as the villain of 'The Secret Lives of Mormon Wives' season one. She said the show was 'not how I remember it.'
▼ + stars: | 2024-09-10 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +5 min

Read previewWhitney Leavitt blamed the edit for looking bad on "The Secret Lives of Mormon Wives," after fans called her the villain of season one. It's unclear if Whitney is done with the other Mormon MomTokersAt the end of season one, Whitney seems to leave the Mormon MomTok group. Whitney told Distractify last week: "I don't really know, and I don't really feel welcomed in, like, the whole group as a whole. Taylor told Distractify last week that she's friends with Whitney, but added "you never know if she has mixed feelings." Advertisement"The Secret Lives of Mormon Wives" season one is available to stream on Hulu.

Persons: —, Whitney Leavitt, Whitney, Taylor Frankie Paul, Jessi Ngatikura, Demi Engemann, she's, i’ve, whitney, belittled, eason, heth, Jess, yon, kayla, Li Organizations: Service, Business, itn, pti, emi Locations: ife

☆ Airplane engines are in short supply. The business of fixing older ones is booming
▼ + stars: | 2024-09-04 | by ( Leslie Josephs | ) www.cnbc.com time to read: +7 min

It's all piling up, and aircraft engine shops around the world are overflowing. American Airlines ' solution is to do more of the work itself. "We just have one customer and that's American Airlines doing our work," American's chief operating officer, David Seymour, said. GE Aerospace brought in $11.7 billion from engine maintenance, repairs and overhaul in the first half of 2024, making up 65% of its revenue. An airplane engine at American Airlines' test cell in Tulsa, Oklahoma.

Persons: David Seymour, Tulsa , Oklahoma Erin Black, It's, France's Safran, Seymour, Leslie Josephs, Thomas Toepfer, Kevin Michaels, Martin Gauss, Pratt, that's, Advisory's, Erin Black, Michaels Organizations: Boeing, Airbus, Alton Aviation Consultancy, GE Aerospace, GE, Pratt & Whitney, Royce, American Airlines, Airlines, CFM, CNBC, Tulsa International Airport, American, JetBlue Airways, Spirit Airlines Locations: TULSA, Okla, Tulsa , Oklahoma, Tulsa, American's, Riga, Latvia

☆ Watch CNBC's full interview with Meredith Whitney Advisory Group CEO
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Meredith Whitney Advisory Group CEOMeredith Whitney, Meredith Whitney Advisory Group CEO, joins 'Money Movers' to discuss the June Personal Consumption Expenditure data, consumer health, homeowners, Fed rate cuts and more.

Persons: Meredith Whitney Organizations: Meredith Whitney Advisory, Meredith Whitney Advisory Group

☆ Consumers are struggling, home equity access can be resourceful, says Meredith Whitney
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers are struggling, home equity access can be resourceful, says Meredith WhitneyMeredith Whitney, Meredith Whitney Advisory Group CEO, joins 'Money Movers' to discuss the June Personal Consumption Expenditure data, consumer health, homeowners, Fed rate cuts and more.

Persons: Meredith Whitney Meredith Whitney, Meredith Whitney Organizations: Consumers, Meredith Whitney Advisory Group

☆ Martin Mull, Comic Actor Who Starred in ‘Mary Hartman,’ Dies at 80
▼ + stars: | 2024-06-28 | by ( Orlando Mayorquín | More About Orlando Mayorquín | ) www.nytimes.com time to read: +1 min

“With an undistinguished blond mustache, which may or may not be intended as a joke, Barth copes manic‐depressively with a shaky job situation and some hazy allegations about charges pending against him in Florida,” The New York Times wrote in a review in 1977 of the show’s opening week. “Barth will say only that his lawyer thinks he has ‘a pretty darn good case for entrapment.’”He was also known for his roles in “Clue” (1985) and the television shows “Roseanne” and “Arrested Development.” He also played the character Bob Bradley, an aide to the main character in the political sitcom “Veep.”More recently, Mr. Mull appeared in the Fox television series “The Cool Kids,” about a group of rule-breaking friends living in a retirement community. Martin E. Mull was born on Aug. 18, 1943, in Chicago to Harold and Betty Mull. He earned degrees from the Rhode Island School of Design. His work appeared in gallery shows and in the Whitney and Metropolitan museums.

Persons: Barth, “ Barth, Roseanne ”, Bob Bradley, ”, Mull, Martin E, Harold, Betty Mull Organizations: The New York Times, Fox, Rhode Island School of Design, Whitney, Metropolitan Locations: Florida, Chicago

☆ The incredible oblivion of Judge Marvin Isgur
▼ + stars: | 2024-06-03 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +45 min

On a mild Houston day in March 2021, Judge Marvin Isgur prepared to oversee the only case on his docket that morning. In October 2023, the Fifth Circuit Court rebuked Judge David Jones but said that his longtime colleague, Judge Marvin Isgur, had been "unaware" of Jones' inappropriate relationship. "But only Judge Isgur knows what he knew or didn't know about the relationship." Much of this work was in cases before either Judge Isgur or Judge Jones. Isgur can continue to hear the case, he ruled, writing in the December 2023 opinion that lawyers for the creditor "failed to demonstrate much other than that former Judge Jones and Judge Isgur are close friends."

Persons: Marvin Isgur, David Jones, Jones, Elizabeth Freeman, Jackson Walker, Isgur, Michael Van Deelen, he'd, Freeman, Matthew Cavenaugh, Cavenaugh, Michael Van Deelen Van, Judge Jones, who'd, Steve Smith, Smith, Michael Lewis, Van Deelen, I'm, Van Deelen's, Tom Kirkendall, Gary Cruciani, Judge David Jones, Nancy Rapoport, University of Nevada Las Vegas William S, Kirkendall, " Jones, Trump, she's, Sarah, Porter Hedges, —, — Elizabeth Freeman, John Higgins, Whitney Ables, Josh Wolfshohl, Amy Lucas, Porter, Wesley Steen, Fifth Circuit —, that's, Liz, Bruce Markell, it's, Judge William Greendyke, Lynn LoPucki's, Patricia Tomasco, Christopher Lopez, Manges, Greendyke, Albert Alonzo, Alonzo, Jones Isgur, Susan Tran Adams, Matt Cavenaugh, Veronica Polnick, Genevieve Graham, cookout, Graham, Tran, Christina Morrison, David, I, Neiman Marcus, J.C, Penney, Freeman hadn't, hadn't, Jim Wilkinson, Ellis, Kirkland, Ellis —, Veronica Polnick —, Polnick —, Elizabeth, COVID, Jackson, Kirkland Ellis, they'd, — Greendyke, Wilkinson, Judge Isgur, Mike Warner, Eduardo Rodriguez, Rodriguez, Isgur's, Judge Lopez —, Lopez, Alfredo Perez, Weil, Perez, Richard Schmidt, Jack Newsham Organizations: Business, Southern District of, McDermott International, Southern, Houston, Fifth Circuit, Appeals, Department of Justice, Fifth, University of Nevada, Boyd School of Law, Circuit, University of Houston, American Bankruptcy Institute, Emory Law School, Emory, Facebook, Big Law, Reuters, Bloomberg, Northwestern's Pritzker School of Law, Enron, LinkedIn, Southern District of Texas, Judicial Conference, Texas, Chesapeake Energy, Big, Kirkland, Cavenaugh, UPS, Technologies, Candy Club, Omni, Norton Rose, GWG Holdings Inc, Brands, Southern District's, Southern District, US, Former Locations: Texas, Southern District, Southern District of Texas, Houston, New Orleans, United States, University of Nevada Las Vegas, Kirkendall, Galveston, Carolina, Porter, Harris, Nevada, Southern District of Texas , Delaware, New York, Delaware, Weil, Southern, disgorge, Sorrento, Corpus Christi, prefacing

☆ The 'Oracle of Wall Street' shares a secret sign of economic strength 'hiding in plain sight': Young Americans are outspending cash-poor baby boomers
▼ + stars: | 2024-05-25 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Younger Americans are finally outspending baby boomers, former Wall Street bank analyst Meredith Whitney recently noted. That's an encouraging sign for the US economy, which most economists believe is healthy, though some bearish prognosticators have serious doubts. There are several possible explanations for these findings and numerous takeaways from them, the "Oracle of Wall Street" said. However, young Americans' spending power shouldn't be discounted, as Whitney suggested that they command relatively high salaries since they attend college at higher rates. A continued economic expansion would be especially crucial for Gen Zers and millennials, who are entering the workforce or establishing their careers.

Persons: —, Meredith Whitney, That's, Whitney, Zers, relaunching, boomers, it's, Gen Zers Organizations: Service, Business, Meredith Whitney Advisory Group, Target, Starbucks, BI, Walmart, American, American Express Locations: Street

☆ Meredith Whitney Advisory Group CEO: Proposed mortgage reform is a 'massive game changer'
▼ + stars: | 2024-05-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeredith Whitney Advisory Group CEO: Proposed mortgage reform is a 'massive game changer'Meredith Whitney, founder and CEO of Meredith Whitney Advisory Group, joins CNBC's 'Money Movers' to discuss mortgage reform, home equity, and more.

Persons: Meredith, Meredith Whitney Organizations: Advisory, Meredith Whitney Advisory

☆ Kendrick Lamar and Drake's beef explained, from its 2013 origins to their diss tracks "Push Ups" and "6:16 in LA" and latest responses
▼ + stars: | 2024-05-04 | by ( Ayomikun Adekaiyero | Eve Crosbie | ) www.businessinsider.com time to read: +26 min

Both rappers released diss tracks that took blistering personal shots on Friday night. "He doesn't have the heart for the lying, disrespect, and animosity it requires to make an effective diss track," Pierre wrote. Later in the track, Drake references Cole's diss track and apology. At the end of the track, Lamar samples a 1994 Tupac interview to simulate a conversation between the two rappers. "6:16 in LA" also parodies Drake's song titles, which often feature location names and timestamps.

Persons: Kendrick Lamar, Drake's, Drake, —, Lamar's fiancée Whitney Alford, Lamar, Aubrey Drake Graham —, Lamar dissed Drake, J, Cole, Rick Ross, Cole —, Taylor, Joseph Okpako, WireImage Lamar, Jermaine Cole, Big, Wale, Pusha, Meek Millz, Big Sean, Jay, Tyler, Mac Miller, Kunta, Lamar hasn't, Meek, Getty, Tim Mosenfelder, Aubrey, Muhammad Ali, Michael Jackson, Jackson, Prince, Mike Jack, Prince . Prince, “, rics, Organizations: Metro Boomin, Service, Future, Metro, HBO, Drake, Wireless, Lamar, Big, Rocky, Rap Locations: Drake's, Lamar, LA, Florida

☆ U.S. housing prices are likely to enter a long period of decline, advisory firm CEO says
▼ + stars: | 2024-04-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. housing prices are likely to enter a long period of decline, advisory firm CEO saysMeredith Whitney, founder and CEO of Meredith Whitney Advisory Group, says supply-demand dynamics will probably "invert," with supply set to exceed demand.

Persons: Meredith Whitney Organizations: Meredith Whitney Advisory

☆ Young homebuyers are about to regain serious leverage over their parents' generation, according to the 'Oracle of Wall Street' who called the financial crisis
▼ + stars: | 2024-02-13 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

“People have not accessed the equity in their homes,” Whitney said. Advertisement“The issue that it leads to is more sellers, fewer buyers,” Whitney said. “I think you’re going to see a bifurcated housing market where you see continued strength in some areas, and then disproportionate weakness in others,” Whitney said. AdvertisementThe obvious question that follows is which real estate markets will be best for buyers and which will favor sellers. In October, Whitney cited Connecticut, Illinois, New Jersey, and Pennsylvania as examples of states where property prices could plummet , especially in rural areas.

Persons: —, Meredith Whitney, Whitney, ” Whitney, Meredith, “ It’s, they’ve, haven’t, “, Whitney isn’t, it’s Organizations: Service, Wall Street, Business, Wall, Advisory Group, Sun Belt Locations: Texas, Florida, Connecticut, Illinois , New Jersey, Pennsylvania, New York, Ohio, States, Tennessee, Utah, Arizona, West Coast

The number of affordable units — with rents under $600 — also dropped to 7.2 million that year, 2.1 million fewer than a decade earlier. Photos You Should See View All 45 ImagesThose factors contributed to a dramatic rise in eviction filings and a record number of people becoming homeless. "It just hits you like, ‘This is for nothing.’"In Auburn, Massachusetts, pervasive rent hikes have already hit the last bastion of affordable housing. Just off an interstate alongside a pond, residents at the American Mobile Home Park face rent increases upwards of 40%. The group Lawyers For Civil Rights has sent a letter to the landlord accusing it of “unconscionable rent increases," and failing to provide critical services like adequate garbage and snow removal.

Persons: Caitlyn Colbert, Colbert, “, ”, —, Whitney Airgood, Obrycki, ” Colbert, haven’t, Amy Case, Ann Urbanovitch, Zach Neumann, Monique Gant, Gant, Nick Graetz, ” Graetz, Chris Herbert, Jared Polis, ___ Casey, ___ Organizations: DENVER, Harvard Joint Center for Housing Studies, Harvard, Habitat, Humanity, American Mobile, Civil Rights, Associated Press, Colorado Judicial, Community Economic Defense, Princeton, ”, Colorado Gov, America Statehouse News Initiative, America Locations: Denver, U.S, ”, Auburn , Massachusetts, Colorado, Washington, Massachusetts, Boston

☆ Rental markets are softening, but half of U.S. tenants spend more than they can afford, Harvard report finds
▼ + stars: | 2024-02-02 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Rent prices are coming down in some areas, but not at the pace needed to relieve tenants struggling to pay rent. Half of renters in the U.S. spent more than 30% of their income in 2022 on rent and utilities, according to the new America's Rental Housing report by the Joint Center for Housing Studies of Harvard University. The report considers those who spend 30% or more of their income on housing "rent burdened" or "cost burdened," which means those high costs may make it difficult for them to meet other essential expenses. The share of cost-burdened renters increased by 3.2 percentage points from 2019 to 2022. While cost burden has increased across income levels, the consequences are much higher for low-income households, said Airgood-Obrycki.

Persons: Whitney Airgood Organizations: Joint Center for Housing Studies of Harvard University, Finance Locations: U.S, Here's

☆ Rental markets are cooling, but it 'doesn't mean they're falling,' Harvard researcher says. Here's what that means for renters
▼ + stars: | 2024-02-01 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

Recep-bg | E+ | Getty ImagesRent costs are beginning come down after record-high asking prices. "Rental markets are cooling, but in a lot of places, it doesn't mean they're falling. It means they're growing at a slower pace," said Whitney Airgood-Obrycki, senior research associate focused on affordable housing at the Joint Center for Housing Studies of Harvard University. Prices are beginning to come down as supply boosts vacancy and demand slows from record highs in 2022. Increasing the supply of higher-rent Class A units often encourages tenants to upgrade to new units, making prices in those units level out and boosting vacancy in Class B and C units, Airgood-Obrycki said.

Persons: Whitney Airgood, Susan M, Wachter, Obrycki Organizations: Joint Center for Housing Studies of Harvard University, Prices, Finance, Wharton School, University of Pennsylvania Locations: Here’s, Airgood

☆ Rent is unaffordable for over half of US tenants, but the cost is cooling
▼ + stars: | 2024-01-30 | by ( Anna Bahney | ) edition.cnn.com time to read: +5 min

The median asking rent was $1,713, which was down $4 from November and down $63 from the July 2022 peak. However, median rent is still $309 higher than the same time in 2019, before the pandemic. What’s more, 12 million of those renters are severely cost burdened, which means they are paying more than half of their income on housing. Following changes in housing needs during the pandemic and an already existing low supply of multifamily housing in some markets, rents surged in 2021 and 2022. Without continued new supply in addition to enhanced rental support, the Harvard report concludes affordability will remain a critical concern for many renters.

Persons: Chris Herbert, ”, Whitney Airgood, Douglas Elliman, Miller Samuel Real, “, Anthemos Georgiades, ” Georgiades Organizations: DC CNN, Harvard University’s, for Housing Studies, Harvard Joint Center for Housing Studies, Harvard, Census Bureau, Builders, National Association of Home Builders, Baby Boomers Locations: Washington, United States, Manhattan

☆ The rise of sports betting: How it could be affecting housing
▼ + stars: | 2023-12-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe rise of sports betting: How it could be affecting housingMeredith Whitney, Meredith Whitney Advisory Group CEO, joins 'Squawk on the Street' to discuss why Whitney believes sports betting has and can further impact the housing market.

Persons: Meredith Whitney, Whitney Organizations: Meredith Whitney Advisory Group

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