News items about home prices, mostly in Arizona
Conservative commentator Ben Shapiro recently took aim at New York City’s housing market, calling it “an absolute mess” due to zoning laws, high taxes, and burdensome regulations. He cited the city’s ongoing affordability crisis and sky-high rents as evidence of policy failure, arguing that progressive leadership has stifled development and driven out the middle class….
If you’re considering retirement and looking for a place rich in charm and natural beauty, Granville, Ohio, may just be the perfect choice. This picturesque town blends New England-style architecture with a thriving community atmosphere, offering retirees a peaceful setting with plenty of amenities. With historic inns, tree-lined streets, and access to nature trails, Granville…
California voters are set to decide on a sweeping measure backed by Democrats that would allow local governments to expand rent control and enact tighter tenant protections. The proposal aims to amend the state’s current laws, which limit rent control policies on residential properties built after 1995. Supporters argue the change is necessary amid the…
During the pandemic, remote workers flocked to sunny, affordable “Zoomtowns” like Phoenix, Austin, and Boise, fueling a real estate boom with soaring home values and bidding wars. These locations, once popular for their warm weather and relatively low cost of living, became hotspots for digital nomads looking for more space and comfort while working from…
A growing debate in housing policy questions whether the federal government should grade states and cities on their zoning laws. Supporters of such an effort argue it could incentivize local governments to ease restrictive zoning practices that limit housing development and drive up home prices. Critics, however, fear a federal grading system could overstep local…
Despite a cooling housing market and declining mortgage applications, home prices remain persistently high due to an unexpectedly low inventory of homes for sale. Many homeowners are choosing to stay put, reluctant to part with low-interest mortgages secured during the pandemic-era rates. This “lock-in effect” has sharply reduced housing supply, which continues to support elevated…
As the Biden administration continues to pursue policies that some view as lenient on illegal immigration, a growing number of Americans express concern about the consequences of an open-border approach. While progressive Democrats advocate for decriminalizing border crossings and limiting deportations, recent polls suggest that a majority of voters, including many moderates and independents, prefer…
Realtor.com has released its annual forecast for the hottest housing markets in the U.S. for 2024, blending projected price growth and sales activity to pinpoint metro areas expected to outperform. Among them, the Midwest and South dominate the list due to their affordability and appeal to younger buyers. Toledo, Ohio, topped the rankings, with average…
The U.S. housing market continues to show resilience even as affordability challenges persist. According to recent data from real estate brokerage Redfin, the number of major metro areas with year-over-year home price declines dropped slightly from 110 in April 2023 to 105 this year. This shift highlights a subtle cooling of the widespread post-pandemic price…
Zillow has updated its home price forecast, predicting a stronger U.S. housing market through 2026. The upgrade affects 400 markets across the country, with expectations that home values will rise at a faster pace than previously anticipated. Factors such as limited housing supply and steady demand are contributing to the more optimistic outlook. Some regional…