Bronx property is first purchase in unique partnership designed to boost affordable housing

As part of an effort to increase the supply of affordable housing in New York City, the New York City Department of Housing Preservation and Development, Commissioner Louise Carroll, Settlement Housing Fund, the Community Preservation Corporation, and the New York City Acquisition Fund recently announced the first acquisition of a property through the city’s Neighborhood Pillars Downpayment Assistance Fund.

New home sales fell in July, but there’s a silver lining in the clouds

Sales of new homes fell in July, according to the Census Bureau and HUD. While July’s rate was 12.8% below June, it’s important to note that June’s figures were upwardly revised to a rate of 728,000 and remains 4.3% higher than a year earlier when it was 609,000. The correction of June’s figures is a substantial one. When the data initially came out last month, the report showed that new home sales increase 7% over May. Now, the new data shows that new home sales actually rose by more than 20% in May.

Here are the top destinations for movers in the U.S.

While most people who move tend to stay relatively close to where they were before, that doesn’t mean that others aren’t willing to pack up and move to a whole new city or state. New data from Realtor.com shows that the typical homebuyer may only move up to 15 miles away from home, but others are attracted to metros that offer housing affordability, strong employment and other factors.