#housing-affordability

#housing-affordability

I think it brings a lot of benefits," District 3 Councilmember Anthony Tordillos, a key backer of the reforms, told San José Spotlight. "It means that we can build multifamily housing on more small parcels - close to downtown, close to our transit networks - that are currently really difficult to build under the current building codes.

The Oval Office gaggle wasn't supposed to change anything. It was supposed to be content President Donald Trump and his newly elected progressive foil, each performing the roles cable news has spent months codifying. Conservative media had already settled on its narrative. The White House press corps arrived expecting friction, spectacle, maybe even fireworks. What they got instead was a different story not about conflict, but about alignment.

Back during the leadup to this month's Prop 50 redistricting vote, no one asked SF billionaire and failed 2020 presidential candidate Tom Steyer to put out these self-glorifying ads promoting the measure. Team Gavin Newsom was reportedly furious with Steyer for butting in with the ad seen below, as it seemed like Steyer was just trying to take credit for the inevitable landslide Prop 50 victory, or trying to raise his own profile for some self-serving reason.

Yet, with any legislation, Local Law 18 has presented unintended consequences that have actually made the city less affordable for New Yorkers. That's because New Yorkers have lost a vital tool that allows them to supplement the growing costs of homeownership. This current Council has a historic opportunity, however, to make minor changes to the existing law not wipe it out or even water it down that will put this tool back in the hands of those struggling to make ends meet.

The Trump White House "inherited this terrible inflation crisis from the Biden administration," Vance said.

The People Over Parking Act positions Illinois to become the fourth state to enact such a reform, following in the footsteps of states like California and Colorado. The reform was a key element of a larger bill that has a $1.5 billion funding package for public transportation. It created the Northern Illinois Transit Authority to streamline planning and establish a new funding stream to avert a looming fiscal crisis for the region's transit agencies.

In a post on his Truth Social platform in early October, he accused major builders of hoarding lots to prop up prices-likening them to OPEC, which restricts oil output to maintain high prices. "They're my friends ... but now, they can get Financing, and they have to start building Homes. They're sitting on 2 Million empty lots, A RECORD," Trump wrote.

The Supreme Court could decide on the legality of many of the Trump administration's tariffs within months, but the ruling won't impact many of the administration's levies on imported construction materials such as lumber, steel, aluminum and copper. The case before the Supreme Court contests the legality of the president's use of the International Emergency Economic Powers Act (IEEPA) to enact sweeping tariffs on almost every country, including the reciprocal Liberation Day levies announced on April 2.

The Shreveport-Bossier City metro housing market demonstrated active price discovery mechanisms during the week ending Nov. 7, 2025, with 96 homes absorbed compared to 69 new listings entering the market. This 27-home absorption advantage occurred as 37.5% of the metro's 1,413 active listings showed price reductions, indicating sellers are adjusting expectations to meet buyer demand at the $250,000 median price point.

According to the NAHB/Wells Fargo Cost of Housing Index, a typical family earning the median U.S. income now spends 36% of earnings on a new homeand low-income buyers must commit 71%. In a single generation, attainability has become a moving target. Behind the purchase price, another storm is swelling: property insurance and tax costs. Cotality's 2025 Affordable Homes, Unstable Costs report found that escrow paymentscovering insurance and taxeshave surged 45%in five years, and for one in ten households now exceed principal + interest combined.

In a post on his Truth Social platform in early October, he accused major builders of hoarding lots to prop up prices-likening them to OPEC, which restricts oil output to maintain high prices. "They're my friends ... but now, they can get Financing, and they have to start building Homes. They're sitting on 2 Million empty lots, A RECORD," Trump wrote. He urged Fannie Mae and Freddie Mac to intervene and "get Big Homebuilders going" to "restore the American Dream."

President Donald Trump recently put pressure on homebuilders to increase construction nationwide, given the issues with construction in the country. In a post on his Truth Social platform in early October, he accused major builders of hoarding lots to prop up prices-likening them to OPEC, which restricts oil output to maintain high prices. "They're my friends ... but now, they, can get Financing, and they have to start building Homes. They're sitting on 2 Million empty lots, A RECORD," Trump wrote.

Housing, particularly in places with a decent job market, has become increasingly unaffordable in the US. That's partly thanks to quantitative easing during the pandemic, which supercharged housing inflation. The median American home price in January was $418,000, about a 45% increase from $289,000 five years ago, per Redfin data. Wages haven't gone up at the same rate, and housing prices compared to income have reached an all-time high.

Current developments show that smartness cannot only be a technology-driven urban development. This may answer technical questions of a smart future, but the social and societal aspects of living together are generally not addressed. The social compatibility of technological development, which also includes housing that meets the needs and financial possibilities of users, falls by the wayside, although this claim is repeatedly formulated.

Extending terms from 30 years to 50 years does lower monthly payments but it also substantially increases total interest paid and slows equity accumulation. An Associated Press analysis shows a median-priced home would see monthly principal and interest fall modestly under a 50-year term while the buyer could pay roughly $389,000 more in interest over the life of the loan compared with a 30-year mortgage.

House hunters have been shocked by a 1,746-a-month London flat where the tenant can cook oven meals from bed. The 235sq ft flat is listed on Rightmove as a 'bright, spacious and newly decorated studio' in Russell Court on Woburn Place in central London in the fashionable Bloomsbury district. The mansion block listing boasts an open-plan living and dining area with a pull-down double bed, a bathroom and access to a 24-hour concierge. The listing also states the rent includes heating and hot water and that the property is near an 'array' of shops and restaurants.

As Mayor Michelle Wu prepares to begin her second term leading the city of Boston, readers have made it clear what they hope she'll focus on first: making the city more affordable and keeping its residents safe. In an informal Boston.com poll asking readers what issues they want the mayor to prioritize, nearly 80 people responded. Housing affordability and public safety emerged as the top concerns, capturing a combined 49% of responses. Over a quarter of readers who voted "Other" shared woes that ran the gamut from stopping police corruption to getting rid of bike lanes and reversing academic decline.

Texas has welcomed a number of residents from less affordable parts of the country looking to get more for their money - and they may be on to something. Texas is becoming more than just a temporary escape from high costs on the way to homeownership;many of its cities can actually retain residents thanks to other assets that extend beyond sheer affordability.