Kamala Harris has a plan to make it easier for first-time homebuyers to buy a house, but it comes at the expense of institutional investors. Eviction filings surge throughout the Sunbelt states, EVEN as apartment rent prices fall across all bedroom counts. And could commercial real estate’s struggles lead to you paying even higher property taxes? We’re getting into it all in today’s headlines show!
First, we’re talking about Kamala Harris’ new proposal to kick Wall Street out of the single-family homebuying arena, potentially opening up space for first-time homebuyers to finally break out of renting. The proposal sounds promising, but is it too late to actually impact today’s housing market when institutional investors take up such a small amount of the single-family supply? We’re giving our takes on the new proposal.
Apartment rent prices fall across all bedroom counts for the first time in years. But, even with seemingly improving rent affordability, eviction filings have surged across the South. Even with the rent drops, are tenants simply unable to pay such high prices for everything, rent included, in 2024? Lastly, we’re talking about how the decline in commercial real estate and office space has led to cities increasing property taxes, and by no small amount.
Dave:
Evictions are up, rents start to fall and Vice President Harris takes aim at Wall Street’s role in the housing market. Today we’re viewing the top headlines. What’s up everyone? It’s Steve. Welcome to On the Market. With me today is Kathy Fettke. Kathy, how are you?
Wonderful. Happy to be here. Henry Washington is also with us. He’s always so eager to talk about political debates publicly.
James:
Yeah, I love politics and macroeconomics.
Dave:
Yes. So glad to have you here. And James Dainard, welcome back James. Good to see you. Good to see you
James:
Guys. I’m excited to hang out with my friends this morning.
Dave:
Yeah, this is a great way to start a Monday morning….