Rowlett Housing Finance Corporation

06/26/2023

Did you know that music can boost your mood..even the saddest of sad songs? We are always looking for great songs to add to our playlist here at Lakeview Pointe. What are you listening to? Drop it in the comments!

06/23/2023

This could be a great option for those looking for single family homes.

With high home prices and mortgage rates, many Americans are turning to rentals. CNBC’s Diana Olick has more details on why an increasing share of houses are being built specifically for renters in a booming build-to-rent business.

06/21/2023

According to the most recent estimates from Freddie Mac, the country is short about 3.8 million units of housing, both for-rent and for-sale — meaning there aren't enough homes to keep up with the number of new households that are forming.

The shortage has its roots in the financial crisis, and was exacerbated by the pandemic.

06/20/2023

A key finding from "The Rent Eats First”: Rental Housing Unaffordability in the United States by Whitney Airgood-Obrycki, Alexander Hermann, and Sophia Wedeen is: Most renters with low incomes and many with middle incomes have little or insufficient income left to cover their expenses after making housing payments.
Read full Text👇🏼
https://www.tandfonline.com/doi/abs/10.1080/10511482.2021.2020866?journalCode=rhpd20

06/19/2023

“Across the country, low-income renters are in an even worse situation than before the pandemic due to things like massive increases in rent during the pandemic, inflation and other pandemic-era related financial difficulties.”

Eviction filings are more than 50% higher than the pre-pandemic average in some cities, according to the Eviction Lab, which tracks filings in nearly three dozen cities and 10 states. Landlords file around 3.6 million eviction cases every year.

Crisis escalating amid rising rents

06/16/2023

New-lease asking rent growth is plummeting! After rising 14.5% Y-o-Y through last May, new-lease rent increases rose just 2% in 5/23 compared to 5/22, and may well turn negative, something that since the Housing Bust only happened during the first few months of Covid in 2020. With new-lease rents barely rising, renewal rent increases are also softening because rental vacancy rates have risen by a substantial two percentage points Y-o-Y.

06/14/2023

"Over the past century, the U.S. has lost a rich variety of living options because of the homogenization of zoning policies that prioritize single-family housing, as well as developers’ desire to have inexpensive and easily replicated building plans.

These development prescriptions are so pervasive that it is now illegal to build anything other than a single-family house on 75% of residential land in American cities. Single-family zoning restricts the supply of affordable housing, leading to higher costs, displacement, and segregation."

It is actually illegal to build anything other than a single-family house on 75% of residential land in American cities.

06/12/2023

The median price of homes in Dallas County decreased 6.3% ($370,0000) year-over-year in May. Active listings were up nearly 29% but the percentage of closed sales went down (5.5%). Inventory is up over 72% and days on market increased nearly 37%.

06/12/2023

“With the completion of this project, we would have added 211 more affordable units to a city whose population is now 200,000 plus,” said Roslyn Miller, executive director of the McKinney Housing Authority.

Low-cost housing to expand

06/09/2023