San Francisco’s housing shortage threatens African Americans

SAN FRANCISCO (AP) — Tired of paying nearly $4,000 a month for a one-bedroom in San Francisco’s popular South of Market district, two newlyweds last year bought a townhouse in a budding development along the city’s rough-edged southeastern bay-front. Friends warned Eyitejumade and Jinglin Sogbesan that the historically Black Bayview-Hunters Point was a dangerous place. […]

Home values point to a sharp wealth divide within US cities

WASHINGTON (AP) — It’s still possible in Boston for a mail carrier, an accountant and a Harvard-trained psychiatrist — basically, the crowd from “Cheers” — to live as neighbors. That finding by the real estate brokerage Redfin makes the capital of Massachusetts a rarity at a time when neighborhoods in most U.S. cities are increasingly […]

Homeownership Still on Fiscal Cliff

WASHINGTON – While President Barack Obama and the Congress remain engaged in a never ending battle over the nation’s fiscal matters, Americans continue to struggle with their own share of fiscal fracases. The discussion over whether to lift the nation’s debt ceiling or increase taxes on the wealthy, is only a distraction from the greater […]

LIFT Program Helps Homebuyers With Downpayment Assistance

SACRAMENTO – Wells Fargo’s special two-day, innovative homebuyer event is scheduled to be held Thursday and Friday, Nov. 16 and 17 at the Sacramento Community Convention Center. The name of the Wells Fargo’s program is NeighborhoodLIFT (Let’s Invest for Tomorrow), an initiative designed to help people achieve sustainable homeownership. Prospective homebuyers may qualify for $15,000 […]