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Housing Affordability

All articles tagged with #housing affordability

Midwest Standing Ground: 134 Years of Affordable U.S. Home Prices Highlight St. Louis Advantage
real-estate2 days ago

Midwest Standing Ground: 134 Years of Affordable U.S. Home Prices Highlight St. Louis Advantage

A Fed-backed study analyzing 2.7 million listings from 1890–2006 shows St. Louis, and the Midwest, have stayed far more affordable than coastal cities over 134 years. Inflation-adjusted prices in St. Louis rose about 6%, versus about 1,000% in San Diego/Los Angeles and 354% nationally, due to long-running housing supply, abundant land, slower population growth, and zoning differences. Today St. Louis County median prices are ~$313k and the City ~$240k, with rents near $1,200 and typical 30-year mortgage payments around $1,500 after a down payment and current rates, and roughly 60% of area homes remain affordable per Zillow.

via MarketWatch|
#fed-philadelphia-study#housing-affordability#housing-supply
Six-figure income still needed to buy a typical U.S. home in 2026
real-estate20 days ago

Six-figure income still needed to buy a typical U.S. home in 2026

A Redfin analysis shows that in June 2026 a household would need about $109,796 per year to afford the median-priced U.S. home while spending no more than 30% of income on housing, with median income around $87,599 and home prices up 2.2%. The result is a roughly $22,200 gap to affordability, though 24 of 46 major metros saw improvements and Seattle led the gains; San Francisco remains the least affordable major market, requiring about $453,205 in income. Only three metros (St. Louis, Indianapolis, Pittsburgh) had median incomes that exceeded the amount needed to buy locally.

via USA Today|
#housing-affordability#income-needed#median-home-price
JPMorgan backs $750B push to widen homeownership for 500,000 Americans
business21 days ago

JPMorgan backs $750B push to widen homeownership for 500,000 Americans

JPMorgan Chase announced a multi-year, $750 billion plan through 2035 to help 500,000 Americans buy homes and to build or preserve 1 million affordable housing units, including about $200 million for a 342-unit San Francisco project, while ramping up mortgage lending by over 40% and adding 850 Home Lending Advisors as part of its American Dream Initiative.

via New York Post|
#affordable-housing#business#homeownership
Under-40 housing fix could push Treasuries toward 10% yields, says hedge fund manager
markets1 month ago

Under-40 housing fix could push Treasuries toward 10% yields, says hedge fund manager

Hedge-fund manager Russell Clark argues that making housing affordable for people under 40 would require wage growth around 7% and a real interest rate near 3%, a combination that could lift the 10-year Treasury yield to about 10% and disrupt bond markets, with private equity and private credit most at risk if cheap money reverses.

via MarketWatch|
#bond-markets#housing-affordability#inflation
New measure: only about half of U.S. adults own homes
economy1 month ago

New measure: only about half of U.S. adults own homes

The Federal Reserve Bank of Minneapolis introduces the homeowners-to-population ratio (HPOP), counting adults 18+ who own their home rather than homes that are owner-occupied. This yields a national rate of about 53%—well below the traditional 65%—with even steeper gaps for those under 35 (22% vs 37%). The change stems from counting individuals instead of houses and from multi-generational living in which adult children or others reside in owner-occupied homes. State rates drop to roughly California 41%, Hawaii 42–43%, and New York around 43%. The findings suggest the U.S. housing affordability crisis is broader than the standard measure indicates and could influence future housing policy and programs.

via Axios|
#economy#homeownership#housing-affordability
The Yellowstone Effect: How a TV Show Reshaped Bozeman’s Boom and Housing Fight
us-and-canada1 month ago

The Yellowstone Effect: How a TV Show Reshaped Bozeman’s Boom and Housing Fight

Bozeman, Montana, has transformed from a quiet western town into a booming, expensive hub as pandemic-era migration and out-of-state money push up home prices and rents; locals struggle to afford housing while developers, private clubs, and tourism reshape downtown; a grassroots rent strike in mobile-home parks and a new generation of local leaders highlight a widening divide between residents and wealthier outsiders.

via BBC|
#bozeman#housing-affordability#out-of-state-buyers
A Simple Rule Change Could Make Manufactured Homes Cheaper and More Design‑Friendly
economy1 month ago

A Simple Rule Change Could Make Manufactured Homes Cheaper and More Design‑Friendly

A landmark housing bill would remove the 50-year-old permanent chassis requirement for manufactured homes, enabling cost reductions (est. 27%–65% cheaper than stick-built homes) and expanded design options, including multi-story designs and ADUs. Real impact hinges on manufacturers passing savings along to buyers and on HUD setting new standards, plus state/local zoning adjustments; the change is part of the bipartisan 21st Century Road to Housing Act, with the chassis rule seen as its key feature, but obstacles remain due to zoning and regulatory alignment across states.

via Axios|
#adus#economy#housing-affordability
Congress-approved housing bill becomes law as Trump calls it a “big yawn” and withholds signature
politics1 month ago

Congress-approved housing bill becomes law as Trump calls it a “big yawn” and withholds signature

The 21st Century ROAD to Housing Act cleared Congress with broad bipartisan support and became law at midnight after President Trump declined to sign, branding the measure a “big yawn” and urging passage of the competing SAVE America Act. Since non‑vetoed bills become law after 10 days, it automatically took effect. The bill aims to boost housing supply and lower costs by cutting red tape—such as removing the steel chassis requirement for mobile homes—and by creating a $200 million Innovation Fund over seven years plus $50 million in provisional grants to speed pro-housing designs. Analysts warn affordability improvements will take years even with the new law, and while it addresses supply, it won’t cure the housing crisis overnight.

via Yahoo Finance|
#bipartisanship#housing-affordability#housing-policy
Bipartisan housing bill becomes law as Trump withholds signature
us-politics1 month ago

Bipartisan housing bill becomes law as Trump withholds signature

The 21st Century ROAD to Housing Act, the first major federal housing-affordability bill in three decades, became law after Congress passed it with broad bipartisan support and President Trump did not sign it; under a 10-day waiting period it took effect without his signature. The law aims to boost housing supply by encouraging local zoning reforms, streamlining environmental reviews, reducing costs for manufactured homes, and restricting large investors from buying single-family homes, a package welcomed by homebuilders, lenders and related groups as median U.S. home prices rise to record highs.

via Yahoo Finance|
#housing#housing-affordability#legislation
Housing-supply bill could ease affordability, but relief appears years away as rates hover near 6.5%
economy1 month ago

Housing-supply bill could ease affordability, but relief appears years away as rates hover near 6.5%

Mortgage rates sit around 6.49% for a 30-year fixed, while existing-home sales fell 2.4% in June. A bipartisan bill—the 21st Century Road to Housing Act—aims to boost supply by easing manufactured housing and funding repairs, and is set to become law automatically unless vetoed. Analysts say any meaningful relief in prices or availability will take time, though forecasts suggest rates could drift toward about 6.3% by late 2026, with prices remaining high in the near term.

via CNN|
#economy#existing-home-sales#housing-affordability
Gen Z's Housing Reality: Record Rates Living at Home Delay Homeownership
real-estate1 month ago

Gen Z's Housing Reality: Record Rates Living at Home Delay Homeownership

Gen Z is delaying homeownership with a record share of 25- to 34-year-olds living with parents or grandparents—nearly 20%, about 7.5 million people—as entry costs rise, starter homes shrink, and rents have jumped up to about 30% since 2020. Even many employed young adults face a housing-cost hurdle, not just a weak job market, leading economists to expect Gen Z to catch up to prior generations only once conditions improve.

via Business Insider|
#gen-z#homeownership#housing-affordability
politics2 months ago

McConnell Absence Delays Senate Appropriations, Signals Short Week

Senate Republican Leader Mitch McConnell will not vote this week while he recovers from hospitalization, delaying planned Senate Appropriations markups and signaling a two-week recess; meanwhile the bipartisan 21st Century ROAD to Housing Act passed the Senate 85-5 and moves to the House for final passage, highlighting ongoing cross-chamber negotiations amid broader budget discussions.

via Politico|
#appropriations#bipartisan#housing-affordability