#housing-affordability

#housing-affordability

Nationwide, wages have barely crept up over the last decade - rising by 21.24% between 2014 and 2024, according to the Federal Reserve. Over the same period, rent and home sale prices more than doubled, and healthcare and grocery costs rose 71.5% and 37.35%, respectively, according to the Fed. National home price-to-income ratios are at an all-time high, and coastal states like California and Hawaii are the most extreme examples.

Sarah works full-time as a school teacher, but has been forced to take up a second job to pay the spiralling bills from the management company of her building. While she was aware of the annual service charge of around 1,400, she wasn't prepared for the bills for a reserve fund which have risen steeply as the management company aims to secure an extra 400,000 from residents for a roof replacement and other projects.

Regional Concentration: Most relocations now occur within the same region rather than across the country. Households are increasingly "trading one nearby city for another" to find better housing affordability without leaving their home state or region. Proximity to Home: Over 50% of moves stay within the same county, and approximately 80% remain within the same state. Long-distance interstate moves accounted for only about 19.3% of all relocations in 2024-2025.

Seniors main source of income is their Social Security. The five largest worries for seniors are housing, transportation, food, health care and taxes. Living in high-cost areas where school and infrastructure bonds are an open checkbook makes it impossible for seniors to keep their homes, let alone sell their homes in an unstable housing market. If families cannot afford housing, how can seniors with fixed incomes afford to thrive? They cannot.

Seniors main source of income is their Social Security. The five largest worries for seniors are housing, transportation, food, health care and taxes. Living in high-cost areas where school and infrastructure bonds are an open checkbook makes it impossible for seniors to keep their homes, let alone sell their homes in an unstable housing market. If families cannot afford housing, how can seniors with fixed incomes afford to thrive? They cannot.

Investors own roughly one in six of California's single-family residences. That's what my trusty spreadsheet found after reviewing a BatchData report that estimates investor ownership of houses and townhomes nationwide. Investors in this study include everything from giant companies controlling thousands of houses to folks with a small collection of rentals to short-term rental operators to people with a second home.

including seeing membership of the Congressional Real Estate Caucus, a bipartisan group working to tackle housing supply and affordability, grow to 100 members; having over 1000 grants, programs and initiatives funded to advance pro-housing policies and elect legislators focused on housing at the state and local level; defeating 11 harmful tax proposals over the past decade, which NAR said prevented $1.3 trillion in new taxes on real estate;

San Francisco is one of the cities the authors use as a case study, and their mathematical simulation suggests that is could take up to 100 years of increasing housing supply at levels that are unrealistic at best to see rents fall to the level where a worker without an advanced degree could afford. "The simulation makes clear it is unrealistic to think that we can deregulate and build our way out of the affordability crisis with market-rate housing, even with large positive supply shocks, in any reasonable time frame," the study states.

President Donald Trump plans to use a key address Wednesday to try to convince Americans he can make housing more affordable, but he's picked a strange backdrop for the speech: a Swiss mountain town where ski chalets for vacations cost a cool $4.4 million.On the anniversary of his inauguration, Trump is flying to the World Economic Forum in Davos - an annual gathering of the global elite - where he may see many of the billionaires he has surrounded himself with during his first year back in the White House.

"At the end of the day, it's the investors and billionaires at Davos who have his attention, not the families struggling to afford their bills," said Alex Jacquez, chief of policy and advocacy at Groundwork Collaborative, a liberal think tank.

Last year, the U.S. Department of Justice sued California, along with 22 other states and Washington, D.C., for access to their full, unredacted voter files. That includes driver's license, social security numbers and other sensitive data. DOJ officials said they needed the data to assess whether states were properly maintaining their voter rolls and ensuring "only American citizens are voting, only one time," as Assistant Attorney General Harmeet Dhillon said in a social media post in December.

Collins, the best-selling author of Pathfinders and The Simple Path to Wealth, said the reasoning is simple: Buying a home "dramtically inflate[s]" your cost of living. While your mortgage payment and rent payment may be similar on paper, owning a home ends up costing more in the long run and comes with unexpected expenses-often referred to as the "hidden costs" of homeownership, like insurance, repairs, and updates.

Invitation Homes' $89 million acquisition of ResiBuilt one of homebuilding mergers and acquisitions' 2026 table-setters is a small deal that can change the rules of engagement and shift the balance of competitive power for two adjacent ecosystems. Here's the context: Single-family rental REITs, with an exception or two, have historically been buyers of homes. Single-family builders have historically been sellers of them.

According to a report from KXAN, Farrah Abraham known for her appearances on the shows Teen Mom and 16 & Pregnant filed paperwork to enter the mayoral race Wednesday. The next day, she appeared on TMZ to talk about her decision to run for public office. During this interview, she was informed by the hosts that the election wasn't until 2028.

The order names a problem that anyone who has spent time in civic life recognizes. Too often, "community" is defined by the few who repeatedly show up or happen to be in the room. That is not because they care more, but because they have the time, flexibility, and familiarity with civic processes that many New Yorkers do not. When those voices are treated as synonymous with an entire district, our understanding of the public and consensus becomes distorted.

Even as price growth slows - and falls in some cities - buying a home still feels unaffordable for many people, in part because mortgage rates remain high and down payments are still steep. Redfin reported in October that the average down payment hit a record $70,000 in August. While some people are cutting back on discretionary spending to afford a home purchase,

The city of St. Cloud was rated the "biggest boomtown" in the Sunshine State thanks to the thousands of people who have been drawn to the growing lakeside community over the past decade, according to new data from personal finance resource GOBankingRates. In fact, the company noted the city has seen a 49.3 percent increase in population from 2015 to 2023. That's coupled with a 33.9 percent increase in per capita income, which was $28,985 in 2023.

"Affordability isn't about keeping costs down, it's about keeping people in their homes," Chow said. "When we invest in keeping people housed, we're making Toronto more affordable for everyone and we're preventing the far greater cost of homelessness. We're making sure that one bad month or one medical emergency or layoff doesn't destroy the entire family," she added.

North Carolina lawmakers once again will try to pass statewide housing reform in a Tar Heel State push to catch up with several of its own cities. Several bills on the agenda this session prioritize housing affordability. They would preempt local control on parking, housing types, and permitting timelines. The measures would apply to all of North Carolina's districts the same types of reforms that cities such as Raleigh and Durham have already codified.

According to a new report from the California Association of Realtors, you now need an income of $524,000 to buy the median priced home in San Mateo County. "How are you supposed to make that living? Especially as a single person, there's just no way," said Prieya Sahni. The numbers for San Mateo County compare to an income of $326,000 needed to buy a home in the Bay Area as a whole, and just over $223,000 for California overall.

None of the declared candidates have offered a clear and compelling vision for the state, Mahan, 43, said in a phone interview from Sacramento. California, he said, needs bold and independent leadership, particularly on homelessness. I see business as usual in Sacramento, said Mahan, who was at the Capitol advocating for reforms aimed at making housing more affordable. I don't see anyone acting like it's a crisis.

Yes, it would have to be rates for some reason or other jumping up. I find that remarkably unlikely. I don't think that would happen. Price growth jumping to a point whereby affordability declines further? I don't see that happening either. So I think all in all, modest improvement across the board is one that is the most likely scenario.

I bought my house in 1999 for $145,800, and there still are monthly payments on the home. Normally, within 30 years most people would have their homes paid off, but I had a little slip-up in 2008 when the market crashed. I went from a six-figure income to zero income. I depleted most of my financial resources to hang onto the home.

President Donald Trump said Thursday that he is instructing "representatives" to buy $200 billion in mortgage bonds, arguing the move would lower interest rates and monthly housing payments. In a Truth Social post, Trump said the directive was possible because Fannie Mae and Freddie Mac have "$200 billion in cash." He added the bond purchases would help "make the cost of owning a home more affordable."

Six years before Caitlin Harnois was born, her parents achieved the American dream. For $250,000, they bought an unremarkable two-family house on a leafy street in Roslindale that was packed with unremarkable two-family houses. That home became the family's anchor - both economic and physical - to the city. Harnois grew up there, and nearly four decades later, she and her husband rent the second floor from her parents, while tenants live downstairs.

Home sales dropped 11.2 per cent in the Greater Toronto Area last year compared to 2024, according to a new report released Wednesday. "Economic uncertainty weighed on consumer confidence" in 2025, the Toronto Regional Real Estate Board (TRREB) said in its December Market Watch report. "Over the same period, listing inventory remained elevated, allowing for selling prices to be negotiated downward, helping improve affordability," the report says.