Summary: Strategic Housing Development Initiative

As the economy expected to slowly recover, and provide to support to the largest aspect of our economy, the housing market. The General

Meanwhile, yearly house price inflation rates in the top 20 cities are running in line with the national trend. The cities with the highest rates of increase are Seattle (+12%), Portland (+10%) and Dallas (+9%). Lower tier property prices appear to be more volatile than their high end counterparts in both Seattle and Portland. Meanwhile, the three cities with the lowest rates of house price inflation are New York (+3%), Washington (+4%) and Cleveland (+5%). Furthermore, rising house prices appear to be having an adverse impact on affordability. According to the National Association of Realtors, rising prices are offsetting higher disposable incomes and stable mortgage rates, and affordability has consequently been declining since January 2015. Partly driving the increase in prices is a lack of available supply of existing single family homes for sale. The number of months’ of unsold inventory was just below 4 in March and availability has been gradually falling since 2014. Additionally, there is a relatively tight supply situation for new single family homes for sale, which is also helping to support prices.

Due to the growing demand for housing, CDCs must compete with market rate developers when acquiring properties (Alejandrino 28). Because of this competition, the cost of developing affordable housing is driven up, and this makes it harder for the CDCs to complete their function as aids for people in the community.

The article, Is the American Dream Dead? by Mechele Dickerson, a professor of law, describes, in depth, how housing is holding American citizens back. In the quote “After peaking almost 70 percent in 2004 during the housing boom, they’ve plunged, falling to below a 50-year-low of below 64 percent in 2015,” (Dickerson) the rate at which owning a house has decreased is shown. This sudden decrease is due to the recent recession in 2007 and 2008. Renting has become popular all over; this is shown in the quote, “Renting is no longer limited to recent high school or college graduates as the majority of renters in the country are 40 years or older, up from 43 percent in 1995.

As of December 2015 more single family homes entered the marketplace for sale and with sales volumes increasing as these properties appreciate in value. Today’s trend has recovered more than 50% when comparing the previous real estate market peak year prior to

Although the Singapore Housing Development Board (HDB) is a strong and vast organization within a long-standing history of public service, an examination of the HDB reveals three key elements or challenges of the current situation, which without alteration - will hinder or prevent the change and growth of HDB (Jick, & Peiperl, 2011). The first challenge to change is the balancing of heavy workloads of employees with change. This issue of ‘balancing’ must be addressed, since forcing employees balance the strain of large workloads and change strategies can result in the stretching of resources and the destruction of employees from both their routine work and the change agent’s goals (2011). Second, the full integration of a new and improved customer service mindset is not fully completed and harmonized into the organization’s culture (2011). Change within this area is necessary since the lack of customer service integration and support for the new mindset - by managers - has caused an attitude of blaming amongst management and employees, and increased inter-department tensions. Finally, passive and mechanistic response of the staff must be addressed (2011). The passive response of staff must be addressed as these characteristics can delay or holt the growth and development of the change process (Bell, & Barkhuizen, 2011).

Macroeconomics is an excellent tool for the analysis of the housing industry as something like a capital good, as a home is considered to be, cannot easily be studied in a short-term platform. Real estate is a good that costs several times more than an average persons annual income, in the United States that number is typically 7 times as much, and in the United Kingdom that number is 14 times as much. Several factors of both supply and demand directly impact the housing market on a macroeconomic scale. (Business Economics, 1)

We continue to believe that U.S. housing is in the early stages of a multiyear recovery in demand being driven by limited inventory of existing and new homes, historically low mortgage rates,

Owning a property has long been a gateway to the American dream. Individuals have possession of the house if they have enough money to afford the payment on a home, and be willing to purchase it. As the owners, they have the power to make decisions about the property. Other people who rent have limited control and have to depend on the ruling of the owners even though they pay the rent monthly. Advocates of house renting may claim that renting seems to be a better option than buying in the aspect of cost. However, they often overestimate the benefits of renting and lack consideration of the time factor. Instead, many people argue that buying a house is better than renting since it brings tremendous advantages to individuals and the community. In the United States, there are 56% of people own a house, and 25% of non-homeowners are looking to acquire their home in next 25 years, while only 11% of non-homeowners do not hope to own a home in the future (Newport, 2013, p.1). Therefore, purchasing a property is the desirable and the best option since it generates financial benefit, build self-confidence for owners, and profits the construction of the community harmony rather than renting a house.

In the aftermath of the Housing Bubble and Great Recession of 2008, unemployment has remained high and incomes have become stagnant, putting a strain on household budgets and preventing buyers from purchasing homes. Most recently, the decreasing value of homes and increased foreclosures have all contributed to the high growth rate in renting. In this environment, renting offers greater flexibility and requires less of a financial stretch than homeownership — which enables households to adapt to changing financial circumstances. As a dominant owner/operator of single-family rental properties, American Homes 4 Rent (AMH) has the ability to secure early-mover advantage and position itself as a top competitor. With the opportunity to continue acquiring

On Wednesday, June 14, 2017 Wellness Coach Teresa Cain met with Walter Hayslett to conduct his Service Plan Review.

In 2007, a set of financial circumstances created an economic downturn in the United States. While the root cause of this downturn is still widely debated, one thing is certain, one of the results of this mess was that a large number of people who had been homeowners found themselves facing foreclosure and financial collapse on a personal level. Since that time, buying a home has become a much different proposition. Loans can be harder to obtain and those who once had sterling credit now face a great deal of difficulty obtaining a loan to buy a house. While there are a number of time-tested options that help people buy houses on a much longer timeline, one option seems to be gaining in popularity because of the benefits it offers. Renting

In the first quarter of 2006 the rent price ratio had its lowest point (between 2000 and 2014) at 3.11%. The rent/price ratio rose to its highest point in 2012.1 with the ratio amounting for 4.66%. A low rent/price ratio is caused by decreasing rent, increasing house prices and stable rent, or a combination of both1. As the rent/price ratio is highly dependent on housing prices, the housing crisis around 2007-2009 had a major impact on rent prices as well. The economic background that led to the housing bubble is diverse. First, the 2000 stock market crash resulted in many investors withdrawing from the stock market. At the same time rising property prices since the early 90s seemed to be an attractive alternative to invest. Homeownership increased

In recent year’s residents in and around places like New York City and the Bay Area found themselves being unable to continue living in these areas due to the rising costs and value of their homes and apartments. This rise in value can be attributed to the desire of more affluent individuals wanting to live in these areas and willing to pay more to do so. Along with these residents came additional commercial development to match the lifestyle choices of the wealthier newcomers in the area. The influx of more affluent inhabitants in conjunction with upscale commercial development caused the value of residencies in the area to increase resulting in previous resident either moving away or being evicted should they be unable to afford their rising

Looking at the current state of the U.S. real estate market, the discussion quickly turns to traditionally reduced inventories, increasing sale prices and insufficient building and construction to meet demand.