housing crisis

Renters who fell behind on payments during the pandemic should be able to apply this week for a new state program that will disburse $50 million in federal coronavirus relief funds to ease housing and business woes.

A tenant getting tased and forcefully removed. Landlords changing card readers and locking people out of their apartments. A coronavirus patient sitting in her room, terrified of being thrown out because property managers will not let her come into the office to pay.

With home prices rising in many areas of the country, many people are worried that we’re headed for a housing crash like the one we suffered in 2008.

But here’s the thing: it’s just not true. While it’s understandable that people would look at the current market, consider it a “housing bubble,” and assume it’s going to pop, the truth of the matter is the market today couldn’t be any more different than they were before the crash of 2008.

Let’s look at four reasons why we’re not headed for another housing crash:

1. Banks have tightened their lending practices

Welcome to the last day of summer Carson City. Today is Friday, Sept. 21, 2018. The forecast calls for sunny skies and cool nights through the weekend, ideal for today and the weekend's upcoming events.

Housing should not be a privilege afforded only by those who can pay for it.

Shelter actually meets the physiological need for warmth as well as the emotional need for safety and security, per renowned American psychologist Abraham Maslow's Hierarchy of Needs pyramid.

Carson City Supervisor, Ward 1, Karen Abowd hosts her monthly Walkabout Friday, Sept. 21 at Mills Park. This is her next to last event, prior to leaving office in November, and while all topics are welcomed, Abowd would like to focus as much time as possible on discussing the affordable housing crisis.

A Nevada foreclosure mediation program that started at the height of the housing crisis in 2009 will accept its last enrollments at the end of this month.

RENO — Local author Thomas Paul just released his book , “Living in Limbo” featuring a family's roller coaster journey through the housing crisis. Unfortunately, many Nevada residents will be able to relate to this modern-day David versus Goliath tale.

The story follows the main character, Barry Joseph, and his family through the challenges of trying to stay in their home despite the myriad of efforts to cooperate with the bank's endless requests and demands. Eventually, Barry finds himself compelled to take matters into his own hands.

As Prepared for Delivery Wednesday, Jan. 16, 2013:

Madam Speaker, Mr. President, Distinguished Members of the Legislature, Honorable Justices of the Supreme Court, Constitutional Officers, Senator Heller, honored guests…...

RBS Financial Products will pay a $42 million settlement to resolve an investigation into the firm’s role in purchasing and securitizing subprime and payment option adjustable rate mortgages in Nevada.
The assurance of discontinuance, filed in Eighth Judicial District Court, requires RBSFP to commit to certain changes in its practices to the extent it securitizes Nevada mortgages and to pay the State $42 million to be used for payments to affected borrowers, mortgage fraud enforcement, and foreclosure prevention, and attorney’s fees and costs.

CARSON CITY – Democratic Rep. Shelley Berkley used a second Senate debate tonight to attack Sen. Dean Heller on issues ranging from Medicare to online poker legislation, while her Republican opponent took a more restrained approach in the hour-long discussion on public television.

CARSON CITY, NEV (June 29, 2012) – The Nevada Rural Housing Authority (NRHA) has launched a new home mortgage and down payment assistance program that is designed to help a group that has received very little help until now: working Nevadans who have been hurt by the downturn in the economy and the housing crisis.

LAS VEGAS — Six-hundred or so of the state’s Democratic party faithful this morning attended their annual state convention at the Bally’s Hotel conference center in Las Vegas. Five-hundred sixty-two delegates were credentialed but about two dozen vendors lined both sides of the room and guests were also welcomed.

Carson City is looking at laying off up to 30 employees due to a budget shortfall caused by lower-than-expected sales tax revenues, according to a story by the Nevada Appeal.

Carson Now has learned that Sheriff Kenny Furlong met with his employees and indicated that 10 sworn officers and 16 civilian employees were facing layoffs. The sheriff and fire departments make up almost half of the city's budget.

WASHINGTON - Relentlessly rising unemployment is triggering more home foreclosures, threatening the Obama administration's efforts to end the housing crisis and diminishing hopes the economy will rebound with vigor.