House Bill 1001's final version broadens by-right approval for certain housing types and reduces some local zoning, design and fee authority. However, it permits communities to opt out of key provisions and introduces new rules for impact fees, residential tax-increment financing and state housing infrastructure financing.
Many landlords have been able to offset higher acquisition costs with rent growth, but returns are tightening in a majority of counties. Even though rents and wages are rising in many markets, record-high home prices are compressing yields. Investors will need to be more selective, focusing on markets where rent growth and affordability trends continue to support strong returns.
The top ZIP code Gen Z is moving to in 2025 is 55401, a central area of Minneapolis on the banks of the Mississippi River. Homes in the area are mainly made up of stylish condos and command a median house price of $372,500, which is lower than the average U.S. house price.
On top of devastating losses and rebuilding and insurance claim headaches, survivors of the 2025 Los Angeles County firestorms have faced an increasingly existential threat to their communities: large investment firms buying up burned lots, which many worry will forever change the fabric of their treasured neighborhoods.
With the average apartment renting for $4,883, the Westside neighborhood's 90024 ZIP Code ranks third on RENTCafe's list of the 50 priciest ZIP Codes in the nation. Only two areas, both in lower Manhattan, cost more on average.
Affordability started recovering slightly since 2023, when it reached historical lows. For home ownership, we observed improved affordability, while for renters we saw stabilization over the last two years. Even with these improvements, we cannot overlook how much housing affordability has eroded in recent years, especially in Ottawa, Montreal and Halifax, clearly demonstrating that Canada's housing affordability crisis is no longer limited to Toronto and Vancouver.
Speaking from Nashville ahead of the launch of his memoir "Young Man In A Hurry," Newsom was pressed on families who had ditched the Golden State for Tennessee. Bash said: "California has the highest cost of living in the US, 11% above the national average. Families are leaving because they can't afford rent, a home, or to raise a family." Newsom shot back with a different set of figures, boasting that California has climbed from the sixth- to fourth-largest economy in the world.
According to the outlet SlashGear, the neighborhood encompasses five 1,000-square-foot houses just north of Sacramento. Each domicile is produced by a hulking concrete printer worth about $1.5 million, which took about 24 days to spit out the first house. In the future, 4Dify expects the whole process to take about 10 days, but that isn't what's astonishing about the Yuba County neighborhood - it's the price tag.
When Zohran Mamdani ran for mayor of New York City, he made one promise unmistakably clear: he would freeze the rent. Now that campaign tentpole is poised to collide with the complex economic factors exacerbating the Big Apple's housing affordability crisis. As his administration begins to take shape, that pledge, rooted in a democratic socialist vision of housing as a human right, is likely to be the first major political test for Mamdani.
By looking at the 20192025 job cycle alongside the current qualification bar for new homes, we can see exactly why the market feels frozen despite high employment in other sectors. In short: The economy is currently hemorrhaging the only people who can afford the product you sell. To understand the job data, we first have to look at the Gate a buyer must pass. As of early 2026, the median price for a new home is approximately $392,300.
The ruthless, haughty Cersei Lannister was forced to walk naked down a majestic staircase in the finale of the fifth season of Game of Thrones. That scene, which was filmed in 2014, established Dubrovnik a city of just 41,500 inhabitants that is known as the gem of the Adriatic Sea into an eternal vacation destination. Today, traversing its Jesuit Stairs and surrounding streets in mid-August can be a desperate endeavor. Crowds fill every nook, and prices are exorbitant.
With mortgage rates nearing 6%, an additional 5.5 million households that could not qualify for a mortgage one year ago would qualify at today's lower rates, Yun said in a statement. Most newly qualifying households do not act immediately, but based on past experience, about 10% could enter the marketpotentially adding roughly 550,000 new homebuyers this year compared with last year.
Housing affordability is a top concern for many Americans, and both chambers of Congress have been advancing legislation to help prospective homeowners-though it may take years for those benefits to actually materialize. This past week, the House of Representatives passed a bipartisan bill called the Housing for the 21st Century Act, which aims to increase the supply of affordable housing.
Although affordability is improving across the US, Zillow senior economist Kara Ng told Business Insider that buyers may not feel it in already expensive markets, like Seattle, for example. "The typical household buying a typical home in Seattle is going to spend 47% of their income on monthly payments," Ng told Business Insider. "We expect them to spend from 47% down to 45% over the next year. So that's an improvement in affordability, but it's a very different starting place."
Did you buy your house during the pandemic years? Congratulations, there's a good chance you have a dirt cheap mortgage rate. Perhaps below 3% about half of today's average for a 30-year fixed mortgage. For would-be buyers who missed that golden window, it can feel like they lost their opportunity to afford a house. But it turns out there is a way to turn back the housing market clock: It's called an assumable mortgage.
In recent years, residual seasonality, along with delayed price adjustments in response to pandemic-era shocks, have led to upside CPI surprises in January, he told USA Today. These were no longer on full display this time around, further reinforcing our view (that) tariff-induced price increases on the goods side are largely behind us. But we aren't changing the baseline forecast for monetary policy based on one inflation reading.
The Federal Reserve Bank of San Francisco is not a radical leftist institution, and its research economists are not Nimbys, or socialists, or anything other than classically trained academics who look at data. So it's interesting that two Federal Reserve researchers have just published a paper that adds to the clear evidence that "constraints" on the supply of private-market housing have little to do with the lack of affordability in cities like San Francisco.
You're more likely to find California houses owned by investors in the state's more affordable communities. That's what my trusty spreadsheet found after reviewing a BatchData report from the third quarter of 2025 that calculates 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. Condo ownership was not included.
President Donald Trump wants to keep home prices high, bypassing calls to ramp up construction so people can afford what has been a ticket to the middle class.Trump has instead argued for protecting existing owners who have watched the values of their homes climb. It's a position that flies in the face of what many economists, the real estate industry, local officials and apartment dwellers say is needed to fix a big chunk of America's affordability problem.
Nearly 1.3 million mortgages including more than 500,000 originated in 2025 carry rates between 6.875% and 6.99%, the most sensitive group to recent rate declines. ICE cited data from the Mortgage Bankers Association, which found that refinance activity hit a 17-week high in the week ending Jan. 16, with refinances making up 62% of all applications. ICE estimates about two-thirds of these originations were rate-and-term refis.
When Lily Telloyan was in middle school, her household grew from two generations to four. Her grandparents and great-grandmother were getting older, so her parents moved the whole family under one roof in Lansing, Michigan. Nearly 20 years later, four generations of the family are living together again. After spending her college years in Indiana and then moving in with her husband, Alex, in Lansing, Lily started thinking about multigenerational living again.
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