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☆ A New Museum Specializes in Black Genealogy. Here’s What I Found Out About Myself.
▼ + stars: | 2024-07-18 | by ( Jonathan Abrams | ) www.nytimes.com time to read: +1 min

“He didn’t own his land,” Sheffey said of Chance. The chances were high he was living on his last enslaver’s land.”They were new names to me, even though we share blood. Chance, who had been unemployed for six months and had $170 worth of personal belongings, was Chance Abrams, my great-great-great grandfather. My knowledge of my own family history had previously ended a few generations after him, with the names of my grandparents. I was unaware of the rest of my family history and wanted to learn more.

Persons: Brian Sheffey, Daniel, Chance, ” Sheffey, “, Chance Abrams Locations: U.S, Alabama, ”

☆ 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

☆ Jamie Dimon: Skills are 'far more important' than a college degree in hiring
▼ + stars: | 2024-07-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Skills are "far more important" than having a college degree for many jobs, he added. Dimon said JP Morgan Chase has eliminated degree requirements for most jobs at the bank and pivoted toward more skills-based hiring. About 80% of JP Morgan Chase's current roles for "experienced hires," or candidates with full-time work experience, don't require a college degree, a company spokesperson confirmed to Fortune. For context, 62% of Americans don't have a college degree, according to the latest Census data. That means degree requirements can lock out millions of job seekers with alternative qualifications from high-paying opportunities.

Persons: Jamie Dimon, Dimon, Morgan Chase, JP Morgan Chase's, It's Organizations: JPMorgan Chase, LinkedIn, Wall Street, Ivy League, McKinsey & Co, Harvard Business School's, Glass Institute, CNBC

☆ Small Landlords Are Using New Tech Tools to Raise Tenants Rents
▼ + stars: | 2024-07-17 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

The past few years have solidified single-family rental homes as genuine moneymaking enterprises, not just ho-hum nest eggs. Related storiesWhen everyone was scrambling for their piece of the suburbs during the pandemic, mom-and-pop landlords pounced, using these newfound tools to collect more cash. The company, which estimates only one-fourth of single-family-rental landlords use professional management services, now manages more than 28,000 rentals on behalf of small landlords. As the Wall Street ethos trickles down to small rental owners, it'll be harder and harder to tell them apart. But the gap is narrowing as small rental owners capitalize on the innovations that the institutional class has already embraced.

Persons: Daniel doesn't, Daniel, hasn't, he's, Bryan Smith, —, Zers, John Burns, Rick Palacios Jr, Palacios, Jordan Kavana, Rich Ford, you've, Ford, Devin Redmond, doesn't, Philip Garboden, It's, Garboden, Roofstock Organizations: Atlanta, Corporate, Harvard Joint Center for Housing Studies, John Burns Research, Consulting, Ark Homes, Rent, Vesta Ventures, University of Chicago Locations: Zillow, Atlanta, Raleigh, Chattanooga , Tennessee, Grand Rapids , Michigan

☆ We Mapped Heat in 3 U.S. Cities. Some Sidewalks Were Over 130 Degrees.
▼ + stars: | 2024-07-17 | by ( Raymond Zhong | Mira Rojanasakul | ) www.nytimes.com time to read: +9 min

Just consider this image, captured recently by satellite, of surface temperatures across Phoenix. On the city’s desert fringes, in territory governed by Native American nations, the land was even hotter, 150 degrees or more. Surface temperatures are just one of many factors that cities are thinking about as they try to protect residents from extreme heat, said Ladd Keith, an associate professor in the School of Landscape Architecture and Planning at the University of Arizona. Sacramento July 11, 2024 LAND SURFACE TEMPERATURES 120˚F 130˚F 140˚F 150˚F Sacramento July 11, 2024 LAND SURFACE TEMPERATURES 120˚F 130˚F 140˚F 150˚F Sacramento July 11, 2024 LAND SURFACE TEMPERATURES 120˚F 130˚F 140˚F 150˚F Sacramento, Calif. July 11, 2024 LAND SURFACE TEMPERATURES 120˚F 130˚F 140˚F 150˚FCitrus Heights AIRPORT North Highlands AIRPORT Aden-Arcade Rancho Cordova Sacramento AIRPORT AIRPORT Florin 2 miles Citrus Heights AIRPORT North Highlands AIRPORT Rancho Cordova Sacramento AIRPORT AIRPORT 2 miles AIRPORT Citrus Heights North Highlands AIRPORT Rancho Cordova Sacramento AIRPORT AIRPORT 2 miles Florin AIRPORT Citrus Heights AIRPORT Rancho Cordova Sacramento AIRPORT AIRPORT 2 miles AIRPORT AIRPORT Sacramento AIRPORT AIRPORT 2 miles Sacramento 2 miles Sacramento 2 miles Sources: U.S.G.S. In Portland, Ore., tree-filled areas like Forest Park, on the city’s west side, provided oases of cool last week.

Persons: Kevin Foster, Ladd Keith, Keith, ” Dr, ”, Victoria Vasquez, Vasquez, Vivek Shandas, Shandas, “ Organizations: U.S . Cities, Phoenix, Arizona Burn, of Landscape Architecture, University of Arizona, Sacramento, Arcade, Cordova Sacramento, AIRPORT Florin, Sacramento AIRPORT, Florin, AIRPORT, United States Forest Service, Park, Park Gresham, Portland State University Locations: U.S, Phoenix, MCDOWELL YAVAPAI, MARICOPA, Glendale, FORT MCDOWELL YAVAPAI, Maricopa County, Sacramento, Calif, Citrus, Aden, Citrus Heights, California, Portland, Ore, Vancouver, Wash, Park Portland, Gresham, Powell, Park Lake Oswego, Park Gresham Portland, Beaverton Lake Oswego, Gresham Beaverton, Oswego Vancouver, Gresham Beaverton Lake Oswego, Forest Park Portland, Multnomah County, Oregon, Washington

☆ Here’s why people have fond memories of the Trump economy
▼ + stars: | 2024-07-16 | by ( Tami Luhby | Alicia Wallace | ) edition.cnn.com time to read: +9 min

CNN —In 2018, Jonathan and Trista Schmier felt the economy was so strong that they could take a big risk. “The customers got very, very upset.”Trista and Jonathan Schmier felt confident enough about the economy during the Trump administration to open a small chain of restaurants. Poll after poll show that voters have more faith in Trump’s ability to handle the economy than President Joe Biden’s. By many measures, however, the economy under Biden — who took office while the pandemic was still underway — has also been strong. “I trust the other guy better,” said Southworth, 74, referring to Trump, whom he voted for in 2016 and 2020.

Persons: Jonathan, Trista Schmier, Angus, ”, Jonathan Schmier, ” Trista, Trump, Andrew Craft, Donald Trump, Joe Biden’s, Biden, Carroll Doherty, Doherty, Trump’s, Barack Obama, Biden —, —, Bernard Yaros, ’ paychecks, Jimmy Carter, ” Yaros, Yaros, Ted Southworth, Ted, Rebecca Southworth, Ted Southworth Southworth, Southworth, Becky Cantrell, Cantrell Organizations: CNN, Fayetteville Observer, USA, Pew Research Center, Biden, Black Americans, Census Bureau, Oxford Economics, Trump Locations: Burger, Fayetteville , North Carolina, Burlington , North Carolina, , Florida

☆ Biden announces plan to cap rent increases at 5% for half of American rental households
▼ + stars: | 2024-07-16 | by ( Eliza Relman | Dan Latu | ) www.businessinsider.com time to read: +5 min

Read previewPresident Joe Biden on Tuesday rolled out a plan offering landlords a choice: cap annual rent increases at 5% for the next two years or risk losing valuable tax credits. These landlords control more than half the national rental market, according to senior White House officials. Corporate landlords who increase rent by more than 5% would lose the valuable tax benefit known as depreciation deductions. AdvertisementA focus on housing affordabilityAs president, Biden has pushed a series of pro-housing policies and generally favored more federal participation in housing policy. Tuesday's move is part of a series of recent housing policy announcements from the administration.

Persons: —, Joe Biden, Lael Brainard, Biden, Donald Trump, alledgedly colluding, Kamala Harris, Janet Yellen Organizations: Service, White House, Business, Harvard Joint Center for Housing Studies, Harvard, Tax, Republicans, Union Locations: Nevada, Clark County, Henderson , Nevada, State

☆ The 15 best places to live in the South
▼ + stars: | 2024-07-16 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +1 min

The southern parts of the United States are booming, with robust economic and population growth. We wanted to pinpoint the best cities to live in the South for affordability and quality of life. Of the top 15 southern cities, three are in North Carolina, according to US News and World Report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In recent years, the 16 states below the Mason-Dixon line have seen significant population and economic growth.

Persons: —, Mason, Dixon, you've Organizations: US News, Service, Business Locations: United States, North Carolina, Yorkers

☆ Here's how much you need to earn to be middle class in each big US city
▼ + stars: | 2024-07-15 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +1 min

A Business Insider analysis reveals the household income needed to be middle class in major US cities. Some parts of the Bay Area require over $100,000 to even be considered middle class. AdvertisementMost Americans consider themselves middle class, but in reality, the cutoffs are more limiting. This chart shows exactly how much it takes in each major US city to be considered upper, middle, and lower class. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: West, Service, Business Locations: Bay

☆ This senior housing stock could soar 25% as the population ages, says Bank of America
▼ + stars: | 2024-07-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Senior housing stocks are set to take off as the American population ages, according to Bank of America. Ventas' portfolio includes senior housing communities, medical office buildings and other health-care facilities. Bank of America sees "significant" senior housing operating margins upside ahead, driven by cyclical and secular growth. However, a nonrenewal and a conversion of the properties to Ventas' senior housing operating portfolio would provide an additional 1.2% boost to net operating income, he said. That said, Ventas is not the only senior housing REIT that Bank of America likes.

Persons: Joshua Dennerlein, Dennerlein, Brookdale, Ventas Organizations: Bank of America, . Census, Healthcare Locations: Brookdale

☆ Unearthed 1980s Bill Gates interview features the Microsoft founder talking about the earliest iterations of AI
▼ + stars: | 2024-07-15 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Read previewA newly unearthed interview from the 1980s features Bill Gates talking about one of the earliest iterations of artificial intelligence. This story is available exclusively to Business Insider subscribers. "The Interviews on these radio episodes provided a contemporary account of the dawn of the microcomputer revolution — not tainted by nostalgia," Savetz told Business Insider in an email. "In the extreme case," Gates said in the 1984 interview, "once software gets 100% soft, then we will have achieved human level of intelligence. AdvertisementSpokespeople for Gates and Microsoft did not return a request for comment from BI.

Persons: —, Bill Gates, Kay Savetz, Savetz, Gates, you've, you'll, Insider's Ashley Stewart Organizations: Service, Microsoft, Business, Census Bureau, Gates

☆ A teacher who hoped to take a break this summer is working 3 jobs instead. She explains what she's using the money for.
▼ + stars: | 2024-07-14 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Rebecca Cox, 27, hoped to take a summer break following her first year as a full-time fifth-grade teacher in Kentucky. Instead of taking a vacation, Cox has been working different gigs this summer, attending trainings, and decorating her classroom. Other young teachers like Cox take on summer jobs. AdvertisementCox is putting the money from her summer jobs toward savings and classroom items. What does your pay look like as a teacher, or are you working multiple jobs as a teacher or in a different job?

Persons: Rebecca Cox, Cox, school's, we're, she's, I'm Organizations: Service, Business, Pew Research Locations: Kentucky

☆ A boomer lives on $2,600 monthly from Social Security and his Walmart job: 'If I had $1 million, I don't know what I would do with it.'
▼ + stars: | 2024-07-14 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

He works two or three days a week at a Walmart warehouse and cashes his monthly Social Security check, which he said is enough to finance his "simple" lifestyle. AdvertisementHe lives in Finleyville, Pennsylvania, a town 45 minutes south of Pittsburgh and receives $1,022 a month in Social Security, according to documents viewed by BI. Some are living paycheck to paycheck on Social Security, which could start shrinking by 2030 . The paychecks help supplement this Social Security income, and he said the job keeps him active and social. Are you an older adult living on Social Security?

Persons: —, George Dziamniski, frugally, Dziamniski, doesn't Organizations: Service, Walmart, Social Security, Business, BI, Northwestern Mutual, Survey, SNAP, Medicare Locations: Finleyville , Pennsylvania, Pittsburgh, Finleyville

The city of Butler, a blue-collar town that was built on steel, has been trying to get a foothold economically in recent years after struggling to reinvent itself following a loss of industry in recent decades. Home to about 13,000 people, the city is perched on the banks of Connoquenessing Creek, about a 50-minute drive northeast of Pittsburgh. But the county that the city sits within has been changing over time, becoming both more educated and more prosperous. Broader Butler County’s population of nearly 200,000 remains about 95 percent white, according to the Census Bureau, but the nonwhite share of the population has been slowly growing. The county has been becoming more heavily educated — about 38 percent of adults there now have a bachelor’s degree, slightly higher than the 34 percent average nationally.

Organizations: Census Locations: Butler, Connoquenessing, Pittsburgh, Pennsylvania

☆ Banks are threatening to end free checking. Don’t panic
▼ + stars: | 2024-07-12 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

The majority of people with checking accounts (73%) take advantage of the option, according to a 2023 Bankrate.com survey. But if regulatory costs go up for banks, free services like checking may go away, at least if they follow Chase’s lead. Marianne Lake, the head of Chase Bank, told the Wall Street Journal last week that Chase might stop offering free checking and other free banking services. “Consumer banking is predicated on banks providing services for free to consumers such as checking accounts, debit cards and electronic bill paying. Or, if those costs do rise, maybe some banks might decide for various reasons not to eliminate free checking.

Persons: Marianne Lake, Chase, Jaret, ”, Adam Rust, Rust, Bankrate, “, ” Rust Organizations: New, New York CNN, Chase Bank, Wall, Consumer, TD Securities, Consumer Financial Protection, Federal Reserve, Consumer Federation of America, Fed Locations: New York

☆ America's 10 best states for infrastructure, where you can rely on roads, bridges, airports, power, and internet
▼ + stars: | 2024-07-11 | by ( Scott Cohn | ) www.cnbc.com time to read: +14 min

To rate each state's infrastructure, we look at roads, bridges, ports and airports. New in 2024, we evaluate so-called site readiness programs set up in many states to link companies with shovel-ready sites. The Economic Development Partnership of Alabama offers one of the more robust site readiness programs in the nation. Roads, bridges, and broadband are also in excellent shape in Tennessee. A respectable 24% of the state's power comes from renewable energy, putting it in the top half of states.

Persons: Pete Buttigieg, Buttigieg, Gary Hershorn, Brad Lander, Kathy Hochul, Luke Sharrett, Liam Kennedy, Chicago —, Carl Sandburg, Minnesotans, Tim Walz, Nathan Howard, — Virginia, Caitlin O'Hara, Elijah Nouvelage Organizations: Infrastructure Law, CNBC, Law, Business, Empire, Hudson, Corbis, Census, Gov, Indiana, CSX Corp, Bloomberg, Getty, Crossroads of America, U.S . Surface Transportation, Hoosier State, of Energy, Street Foundation, Economic Development, Alabama, Tennessee Downtown, Istock, Volunteer State, Energy Department, Illinois Metra, Chicago, Railroads, Census Bureau, Surface Transportation, Traffic, Midway, Chicago Department of Aviation, Lincoln, Minnesota, Jimkruger, Minnesota's Department of Economic, The Utah Department of Transportation, Beehive State, Planners, Virginia, Amazon.com Inc, —, Washington Post, Georgia Passengers, Hartsfield, Jackson Atlanta International Airport Locations: States, York, Manhattan, New York City, New York, Ohio, Clarksville , Indiana, U.S, Indiana, Alabama, Trinity , Alabama, Yellowhammer State, Tennessee Downtown Nashville , Tennessee, Tennessee, Illinois, Chicago, Rudybalasko, Texas, Minneapolis , Minnesota, Mississippi, Minneapolis, Utah, Salt Lake City, Beehive, Farmington, Ashburn , Virginia, Northern Virginia, Arizona, Phoenix , Arizona, Atlanta , Georgia

☆ 10 states with America's worst infrastructure, and most to gain from billions in federal dollars
▼ + stars: | 2024-07-11 | by ( Scott Cohn | ) www.cnbc.com time to read: +16 min

To evaluate each state's infrastructure, our Top States study considers not just roads, bridges, ports and airports. The state broadband office notes that it is the nation's ninth-largest allocation per capita. The state's power grid is among America's least reliable, according to U.S. Department of Energy data. The severe weather means power outages are frequent as well. Since then, the power outages have persisted, making Maine's grid among the worst in the nation.

Persons: Pete Buttigieg, Seth Martindale, Rusty, Dan Koeck, Doug Burgum, Biden, Mark Miller, Suzanne Kreiter, Jim Justice, Senators Joe Manchin, Shelley Moore Capito, Mississippi Brenda Gavin, Elnora Ross, Michael Democker, Robert Gauthier, We're, Lauren Owens Lambert, Logan —, stoplights, Brianna Soukup, Lance King Organizations: Companies, Business, CNBC, Infrastructure Law, Arkansas Turrell, Arkansas Broadband Office, Law, Arkansas Economic Development Corporation, North Dakota, Washington Post, Peace Garden State, U.S . Department of Energy, Power Company, Dakota Utilities, Montana Bison, Getty, Industrial, Rte, Boston Globe, Census, U.S . Department of Transportation, West Virginia, Gov, U.S, Senators, West Virginia Coal Association, Justice, Manchin, Virginia Economic, First Street Foundation, Hawaii, Los Angeles Times, Afp, Boston Regional Airport, Spirit Airlines, Orlando, Logan, JetBlue, White Mountain Cable, Portland Press, Portland Press Herald, Central Maine Power, Power, Energy Department, Maine Locations: States, Arkansas, Arkansas Turrell Arkansas, Turrell Arkansas, Underwood, Peace, North Dakota, Minnesota, Dakota, Buffalo, Yellowstone, Montana, Massachusetts, Canton, Bay State, Boston, Kanawha, Poca, West Virginia, Winfield, Putnam County, Mountain State, Virginia, Mississippi, Louin , Mississippi, Gulf, BroadbandNow, Lahaina , Hawaii, Maui, Lahaina, Western Maui, Hampshire, Hampton , New Hampshire, Manchester, New Hampshire, New England, Maine, Epsom , New Hampshire, Brighton, Woodford Street, Portland, Alaska, Dalton, Coldfoot , Alaska

☆ Young families are still fleeing major cities in huge numbers, a 'big surprise' for metros trying to escape the urban doom loop
▼ + stars: | 2024-07-11 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Read previewWhen the pandemic hit, young families fled cities across the US in droves. Overall, domestic out-migration from big cities is still double the rate it was pre-pandemic. "This data is three years out from the start of the pandemic, cities have started to recover robustly on a bunch of different measures." Families with kids under six years old are more than twice as likely to leave New York City than families without young kids, the Fiscal Policy Institute found. Some exurbs — particularly in the pro-development Sunbelt — are seeing young families flood in.

Persons: —, Connor O'Brien, EIG, O'Brien, millennials Organizations: Service, Economic Innovation Group, Business, New York City Locations: exurbs, New York, Chicago's Cook County, San Francisco, Los Angeles, nation's, downtowns, New York City, Exurban, Polk County , Florida, Orlando, Tampa, Montgomery County , Texas, Houston

☆ Here's the median salary in the 25 biggest U.S. cities—see how you compare
▼ + stars: | 2024-07-11 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

The median household income is over $100,000 in six cities, four of which are in California, according to a new analysis by GoBankingRates. In 2024, the median annual household income is estimated to be $78,171, according to data consulting firm Motio Research. In Detroit — which is ranked 30th in population size — the median income is $40,574. The wealthiest cities also tend to offer a high number of well-paying jobs in technology, finance, entertainment or health-care industries. Below are the median household incomes for the 25 most populous U.S. cities, ranked from highest to lowest.

Organizations: Seattle, Boston, Motio Research, Detroit Locations: California, San Francisco, Francisco, Jose , California, Washington, Diego, Oakland, Virginia Beach , Virginia, Austin , Texas, Portland , Oregon, U.S, New York

☆ The fastest-growing city in America has 2 things everyone wants, its mayor says
▼ + stars: | 2024-07-11 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Instead, it's a small town in the South that only welcomed its first Starbucks in 2022: Celina, Texas. Celina mayor Ryan Tubbs told Business Insider that he believes people are drawn to two main things about Celina: its relative affordability and its tight-knit community. According to the city, from 2010 until June 2024, 15,062 single-family permits have been issued for Celina. Michelle Clifford, her husband, and children are moving to Celina, Texas, in July. Courtesy of the city of CelinaTo preserve Celina's friendly vibe, the city puts on events, especially in its downtown square.

Persons: —, Celina, Ryan Tubbs, Tubbs, Taylor Morrison, Toll, Michelle Clifford, Clifford, Celina —, Antonio — Organizations: Service, Business, Census, Highland Homes, North Texas Tollway, Texans Locations: New York, Franciso, Celina , Texas, Celina, Dallas, Collin County, Texas, California , Florida, Georgia , Illinois, Missouri, Africa, Asia, Central America, Europe, Highland, Celina ., California, Prosper , Texas, San Diego, Preston, New Braunfels, Austin

☆ Two lions make record-breaking swim for ‘female affection’
▼ + stars: | 2024-07-10 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

CNN —Two lion brothers, including one with an amputated leg, were spotted making a record-breaking night swim through treacherous waters in Uganda’s Queen Elizabeth National Park. Researchers believe that the nearly mile-long (1.6-kilometer) crossing of the crocodile-infested Kazinga Channel is the longest documented swim by lions. They were likely in search of females after losing dangerous fights to another group of male lions — and to avoid humans while doing so, according to the researchers. Alex Braczkowski/Griffith UniversityAt the end of January, the team witnessed Jacob and Tibu enter into two vicious fights with other male lions within 48 hours. “There was terrific incentive to get across.”Looking out for one anotherPacker’s research has shown that when male lions stick together, they sire more cubs.

Persons: Jacob, ”, Alex Braczkowski, Griffith University Braczkowski, Queen Elizabeth, Braczkowski, “ Jacob, ” Braczkowski, “ I’d, Orin Cornille, Bosco Atukwatse, Luke Ochse, Ochse, Tibu, Duan Biggs, Luke Ochse “, it’s, “, Craig Packer, McKnight, Packer, ” Packer, ” Jacob, ” Biggs Organizations: CNN, Uganda’s Queen Elizabeth, Park, lionesses, Griffith University’s, Planetary Health, Food Security, Griffith University, Monitoring, Uganda Wildlife Authority, Environmental Science, Northern Arizona University, Elizabeth, Lion Center, University of Minnesota, Griffith University Lions Locations: Uganda’s Queen, Australia, Ugandan, Braczkowski, Uganda, Queen

☆ Montana's housing crisis is a warning for older homeowners across the country
▼ + stars: | 2024-07-10 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

Older homeowners who live on fixed incomes are having a particularly hard time managing these rising costs. She blames rising property taxes and insurance costs but notes that inflation, in general, has also squeezed those on fixed incomes. Older homeowners are struggling in communities across the country. AdvertisementThe housing affordability crisis comes as the country is also facing a retirement crisis. AdvertisementMany older homeowners forced out of their housing end up unhoused, part of a growing homeless population in the state.

Persons: —, Beverly Dashnaw, she's, Montana, Policygenius, Dashnaw, it's, Greg Gianforte, Gianforte, you've Organizations: Service, Business, Harvard Joint Center for Housing Studies, Republican, American Locations: Montana

☆ Mississippi and West Virginia have some of the poorest Americans — and the highest home ownership rates
▼ + stars: | 2024-07-09 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

When comparing personal wealth data with homeownership, a curious pattern emerges: Many states with high homeownership rates have lower income levels and vice versa. According to Federal Reserve data, West Virginia’s average personal income of $52,585 per capita is the second-lowest in the US. However, despite its relatively low personal income levels, it has the highest homeownership rate of all 50 states, at 77%, according to US census data. Mississippi—the only state with a lower average personal income than West Virginia—has the third-highest homeownership rate in the country. Even West Virginia, which counts three out of every four housing units in the state as owner-occupied, isn’t insulated, Sansalone said.

Persons: Vera Sansalone, Sansalone, “, ”, ” Sansalone, West Virginia —, Mike Simonsen, Loren Elliott, Simonsen, They’re, ” Simonsen, Laurie Goodman, ” Goodman, Eric Adams, ” Adams, Stephanie Moulton, ” Moulton, “ We’ve Organizations: CNN, Federal Reserve, West Virginia, Research, Housing, Center, Urban Institute, Republicans, New York City, Harvard University’s, for Housing Studies, Ohio State University Locations: West Virginia, Mannington, Boston, Mississippi, West, ” New York , California, Massachusetts, San Francisco , California, New York City, San Francisco, Manhattan, RentCafe, Washington DC, New York, Dallas

☆ It suddenly looks like there are too many homes for sale. Here's why that's not quite right
▼ + stars: | 2024-07-09 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +5 min

The housing market is just beginning to come out of its leanest few years in history. Inventory of both new and existing homes is finally rising, but there is something suddenly strange in the numbers: The supply of newly built homes appears to be way too high. The supply scenarioThere is currently a 4.4-month supply of both new and existing homes for sale, according to the National Association of Home Builders, or NAHB. In fact, there is now a nine-month supply of newly built homes for sale, nearly three times that of existing homes. The foundation of today's tricky numbersThis housing market is unlike any other because of economic forces unlike any other.

Persons: Jordan Vonderhaar, Robert Dietz, Homebuilders, Brandon Bell Organizations: National Association of Home Builders, Bloomberg, Getty, Housing, Federal Reserve, Builders Locations: San Marcos , Texas, Austin , Texas

☆ Opinion: Many people can’t physically flee disasters. We are failing to help them
▼ + stars: | 2024-07-07 | by ( Opinion L. Vance Taylor | ) edition.cnn.com time to read: +14 min

Editor’s Note: Luis “Vance” Taylor is the chief of the Office of Access and Functional Needs at the California Governor’s Office of Emergency Services. And for some individuals with access and functional needs, it was a nightmare. Unfortunately, nobody from the emergency management team had told the accessible transportation provider that they were part of the plan. Yet virtually all disasters have one critical commonality: They disproportionately impact individuals with access and functional needs, such as people with disabilities and older adults. Inclusive emergency management is an achievable mission.

Persons: Luis “ Vance ” Taylor, Taylor, CNN — I’ll, I’ve, there’s, Vance Taylor, Elijah Nouvelage, arth, I’m, you’re, Bill de Blasio, Jonathan Lamberton, Andy Katz, There’s, Allen J, we’re Organizations: California Governor’s, Emergency Services, CNN, Operations Center, Governor's, Emergency, Centers for Disease Control, New, Emergency Management, Pacific Press, California State Operations Center, Los Angeles Times, Getty, Twitter, Facebook Locations: California, Oroville, United States, Sierra Nevada, Sacramento, Oroville , California, New York City, , California

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