The Department of Housing and Urban Development has announced a partnership with the nation's mayors and county officials to identify thousands of available homes to temporarily house families displaced by Hurricane Katrina.HUD Secretary Alphonso Jackson said public housing authorities within a 500-mile radius of New Orleans estimate that they have approximately 5,600 vacant units that could be made available to public housing residents forced to evacuate their homes. This is in addition to nearly 3,200 vacant single-family HUD-owned properties initially identified by HUD in five states near the affected areas.
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Remote work helped fuel migration and erased the loss of rural residents that occurred in the decade prior to the arrival of Covid, Harvard researchers found.
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The threshold regards loans where the annual percentage rate is at least 1.5 percentage points higher than the average prime offer rate on first liens.
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The home purchase market, which competes for consumers with rentals, should remain subdued in 2026 because of high mortgage rates and low affordability.
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Federal Reserve Gov. Stephen Miran said higher goods prices could be the trade-off for bolstering national security and addressing geo-economic risks.
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Rising labor and material costs could weigh on final expenses, despite a slower summer for hurricane and tornado claims, according to Verisk.
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The partnership also includes a $50 million equity investment in Finance of America, securing long-term alignment between the companies.
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