America has a shortage of more than 5 million homes, report says

Home buyers are likely to continue struggling with inventory shortages and a dearth of homes for sale for years to come, even as a new wave of properties come on to the market. While new listings are increasingly coming on to the market, the U.S. faces a shortage of a staggering 5.42 million homes, according

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Frontline workers said to be most at risk of housing shortages

Middle-income healthcare workers and frontline workers are said to be at heightened risk of housing shortages due to the COVID-19 pandemic, a new study has found. The Urban Land Institute’s Terwilliger Center for Housing reported last week that the financial impact of the pandemic, combined with a surge in home prices over the last year,

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Apple will invest $2.5 billion to help fix California’s housing shortage

Apple Inc. has become the latest big tech company to make a financial commitment to address housing shortages in California, pledging a whopping $2.5 billion to solve a lack of affordable and available homes in the state. Apple’s pledge comes at a time when homeownership rates in the Bay Area are at a seven year

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Realtor.com warns of lower housing inventories

A report from realtor.com suggests that housing shortages are likely to get worse over the next year. The blame is being placed on a “housing shift” that will result in less homes being listed for sale, making it tougher for buyers to find a suitable home, even though the current low mortgage rates mean that

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Urban renewal startup Venn raises $40M

Urban renewal tech startup Venn has announced the completion of its Series A round with a total funding to date of $40 million. Investors include Pitango Venture Capital, Hamilton Lane, on behalf of the New York State Common Retirement Fund, and Bridges Israel. Venn plans to use the investment to enhance R&D capabilities, refine Venn’s

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