Turning a tiny fraction of America's dead strip malls into housing could create 700,000 new apartments

Tech Insider : Economy, Politics
Roseville, Minnesota
Transforming old strip malls into housing could help address the retail apocalypse and the housing crisis.

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Boomers are dominating the economy and benefiting from historic rate hikes. BofA explains which stock trades to make as millennials struggle.

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Six retired people are in a swimming pool with their arms over their heads. They each have a pool noodle in front of them.
Residents of the John Knox Village Continuing Care Retirement Community participate in a water aerobics class on October 15, 2021 in Pompano Beach, Florida.

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Joe Biden wants more people to start living in empty offices

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The exterior of 160 Water Street, a former office building that's undergoing full reconstruction to hold almost 600 apartments at market price.
160 Water Street in lower Manhattan is being converted into almost 600 apartments.

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NYC's famous Flatiron Building will be converted into luxury residences after sitting empty for years

Tech Insider : Economy
A view of the Flatiron Building and the Flatiron Plaza on July 16, 2017 in New York City.
A view of the Flatiron Building and the Flatiron Plaza on July 16, 2017 in New York City.

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Americans have to pay 52% more to buy a home compared to renting

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small house front porch

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The average monthly mortgage on a new home is 52% higher than the average rent on an apartment: report

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A hand holds a miniature model of a house.
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California just legalized affordable housing in church parking lots and coastal cities — and it could help solve the state's crisis

Tech Insider : Economy, Politics
A view of 1709 Broderick Street, the house depicted in the filming of the TV show,
San Francisco Mayor London Breed celebrated new laws limiting the role of environmental regulations in restricting housing development.

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3 reasons it could be the right time to buy a home, despite high interest rates

Tech Insider : Economy, Economy
A photo of a young family in front of a home with solar panels on the roof.
Buying and installing solar panels is expensive, but there are many financing options available.

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A record high 58% of American households now own stocks

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A couple discussing finances
A successful buyer’s annual median household income is approximately $96,590, according to Zillow.

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Poverty is rising faster in American suburbs as lower-income people are pushed out of big cities

Tech Insider : Economy
An aerial view of new home construction at a housing development in the Phoenix suburbs on June 9, 2023 in Queen Creek, Arizona.
An aerial view of new home construction at a housing development in the Phoenix suburbs on June 9, 2023 in Queen Creek, Arizona.

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