The Garden State Takes a New Approach to Expanding Affordable Housing
Recent legislation in New Jersey could provide inspiration for eliminating affordable housing hurdles in other places with strong housing markets
Will NAR's Landmark Commissions Settlement Lower Housing Costs?
The $418 million deal changes long-standing rules—written and unwritten—that consumers claim inflated sales commissions for home sellers, including new-home builders
Biden's Proposed Fixes for Housing Affordability
In his State of the Union address, President Biden proposed several actions to improve housing affordability and supply
Biden Administration Extends Federal Housing Financing Program
Funds from the program are used to develop or rehabilitate affordable rental homes, helping boost US housing supply
Why It's Harder for Young Adults to Move Out of Their Parental Homes in Some States
Data show that in some US markets more than others, young adults aged 25 to 34 are continuing to live in their parental homes. One key reason: affordability
Housing Values Continue to Rise, Housing Market Gained $2.4T in Value Over Last Year
The total value of U.S. homes sees biggest gain in almost a year, with affordable East Coast and Midwest metros seeing gains of more than 10%
Affordability
New Website Aims to Help Rhode Island Renters Find Affordable Housing
Housing Search R.I. is a free online database launched by RI Housing to provide easily accessible housing information to Rhode Island renters
Planning + Development
Los Angeles Affordable Senior Development Includes Units for Formerly Homeless
Third Thyme, a 104-unit senior housing development in Los Angeles, is currently under construction with the help of $12 million in additional funding
Affordability
Ally Financial Will Give Nearly $1B in Affordable Housing Grants in 2023
Focusing on its hometowns of Detroit and Charlotte, N.C., the bank and its nonprofit foundation are providing funding to help shrink the wealth gap and increase economic mobility through various housing initiatives
Innovation
Austin's Housing Market Is Growing, and Spurring Innovation Along the Way
Home builders aren't known for being on the leading edge, but for those looking to innovate, one Texas city is allowing them to test new ideas
Housing Markets
These Were the 20 Hottest US Housing Markets in June
Homebuyers were drawn to these markets for a variety of reasons, but all top 20 markets have one characteristic in common: they're relatively affordable
Government + Policy
Committee Wants to Shrink HUD's Budget in an Effort to Control Spending
The House GOP aims to reduce the budget for the Department of Housing and Urban Development by almost a third in FY 2024 in an attempt to curb spending
Financing
One Way to Help Vulnerable Borrowers Sustain Homeownership
Mortgage reserve accounts offer one option for helping preserve homeownership and make mortgage outcomes more equitable
Housing Markets
These Are the Best and Worst Cities for First-Time Buyers in 2023
First-time buyer purchases make up a sizable chunk of the housing market, with 26% of home purchases in 2022 made by first-timers
Market Data + Trends
Which US Counties Have the Highest and Lowest Homeownership Rates
Data analysis reveals that while national trends reflect fundamental drivers of homeowners, if you look at local markets, they often tell a different story
Financing
What Does the Bond Market Have to Do With Housing Affordability Right Now?
Even as the Federal Reserve nears the end of its interest-rate hikes, it looks like homebuyers’ economic challenges in affording a home may not ease