Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

Category Archives: Housing

Home Ownership More Affordable Than Renting in Majority of U.S. Housing Markets

“ATTOM, curator of the nation’s premier property database, today released its 2022 Rental Affordability Report, which shows that owning a median-priced home is more affordable than the average rent on a three-bedroom property in 666, or 58 percent, of the 1,154 U.S. counties analyzed for the report. That means major home ownership expenses consume a smaller portion of average local wages than renting. Home ownership remains more affordable even though median home prices have increased more than average rents and more than averages wages in in 88 percent of the counties analyzed. The analysis incorporated recently released fair-market rent data for 2022 from the U.S. Department of Housing and Urban Development, wage data from the Bureau of Labor Statistics and public-record sales-deed data from ATTOM in 1,154 U.S. counties with sufficient single-family home sales data (see full methodology below). The data shows that home ownership is more affordable in a majority of the country, as it was in 2021, following another year when the benefits of rising wages and super-low mortgage rates counteracted the effects of home prices spiking around the U.S. Prices have shot up more than 10 percent in most of the country over the past year as a glut of home buyers, partly spurred by the ongoing Coronavirus pandemic, chase a tight supply of homes for sale. But average wages have increased about 8 percent while interest rates have hovered around 3 percent, helping to maintain ownership affordability. Trends favoring home ownership show up most in less-populous suburban and rural areas with the most affordable home values, while renting remains more affordable in the biggest metropolitan areas…”

‘The Fuse Has Been Blown,’ and the Doomsday Glacier Is Coming for Us All

Rolling Stone: “New data suggests a massive collapse of the ice shelf in as little as five years. “We are dealing with an event that no human has ever witnessed,” says one scientist. “We have no analog for this”…Given the ongoing war for American democracy and the deadly toll of the Covid pandemic, the loss… Continue Reading

DC Attorney General Introduces Legislation to Stop Algorithmic Discrimination

EPIC: “[On December 9, 2021] District of Columbia Attorney General Karl A. Racine introduced landmark legislation to strengthen civil rights protections for DC residents and prohibit companies and institutions from using algorithms that produce biased or discriminatory results and lock individuals, especially members of vulnerable communities, out of critical opportunities, like jobs and housing. “At… Continue Reading

New NOAA tool pinpoints natural disaster risk down to county level

“NOAA’s National Centers for Environmental Information (NCEI) has released an innovative mapping tool that provides county-level information on natural disaster hazards across the United States. This new feature provides significant enhancements to the state-level data on NOAA’s Billion-Dollar Disasters website. Developed by NCEI with data from NOAA, FEMA and academic institutions, this interactive NOAA mapping… Continue Reading

US Climate Resilience Map: Pathways for City Solutions

“The Atlantic Council’s Adrienne Arsht-Rockefeller Foundation Resilience Center (Arsht-Rock) today launched the US Climate Resilience Map: A Pathway for City Solutions. This new, publicly available online tool is the first-of-its-kind to map both climate risk and social vulnerability across the United States, arming city leaders and community members with census tract-level understanding and visualization of local… Continue Reading

A new ratings industry is emerging to help homebuyers assess climate risks

Via LLRX – A new ratings industry is emerging to help homebuyers assess climate risks – Matthew E. Kahn studies environmental economics, and in his recent book, “Adapting to Climate Change: Markets and the Management of an Uncertain Future”, he explores how the rise of Big Data will help people, firms and local governments make… Continue Reading

Streamlined NIST Tool Could Help Homeowners, Renters Reduce Airborne Exposure to COVID

NIST – “COVID-19 is still circulating in the U.S. and may once again gain traction as families and friends gather indoors over the holidays. There are several measures that, combined with vaccination, could curtail a new wave of infections. One often-overlooked approach for homes is managing air flow and air cleaning. Leveraging ventilation and filtration… Continue Reading

Deeply Rooted: History’s Lessons for Equity in Northern Virginia

“Today’s health disparities reflect deep social divides in Northern Virginia. Decades of public health research have shown that education, income, housing, and other social conditions are powerful determinants of life expectancy and disease rates. Disparities in these living conditions, along with the harmful health effects of chronic exposure to discrimination, are products of the history… Continue Reading

U.S. Climate Change Policy

CRS Report – U.S. Climate Change Policy. October 28, 2021: “The greenhouse gases (GHGs) in the atmosphere trap radiant energy, warming earth’s surface and oceans. Scientific assessments conclude that GHGs very likely have been the main driver of warming of the earth’s lower atmosphere since 1979. The most recent global assessment projected that surface temperature… Continue Reading

This climate does not exist

“ThisClimateDoesNotExist.com is an AI-driven experience based on empathy, allowing users to imagine and vizualize the environmental impacts of the current climate crisis, one address at a time. Climate change does not impact everyone equally. For the planet to tackle the climate crisis, we all need to act as though our homes were directly affected. We… Continue Reading