Bipartisan RESIDE Act aims to convert vacant spaces into housing
Legislation would create a pilot grant program for communities to rehabilitate empty offices, malls, motels and other properties into homes.
Affordability
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Baltimore launches $6.2B housing redevelopment effort
Work is supported by $1.2 billion in public funding commitments and is expected to leverage an additional $5 billion from the private sector.
Property tax, mortgage relief package introduced by Ohio lawmakers
Senate Bill 255 would allow qualifying homeowners to apply for up to $3,000 per year in grants to help cover monthly housing costs.
New York and DC homeowners set for biggest savings from SALT cap hike
The change, part of President Trump’s “One Big Beautiful Bill Act,” raised the deduction limit from $10,000 to $40,000.
US home flipping profits hit lowest level since 2008
Profits from flipping have steadily eroded over the past decade. In fall 2012, the average return on investment was nearly 63%.
Help exists for cash-strapped homebuyers — but many don’t know it
Three experts — a former agent, an economist and a down payment program founder — talk about the decline in housing affordability and what help is out there.
$67K to sell a home? Consumers drastically underestimate the costs
More than half of respondents were surprised by costs and nearly a quarter went into debt. Forty percent reported financial strain.
Household income climbs in some big cities, outweighed by inflation in others
Modest income increases failed to keep pace with the roughly 3% inflation rate, meaning many households effectively lost buying power.
Investor home purchases hit lowest second-quarter level since 2020
The decline comes as investors face the same pressures as individual buyers; high borrowing costs, elevated prices and economic uncertainty.
Homeownership among Black Americans drops to 4-year low
Results were down roughly 1.5% from this time last year and marked the steepest annual decline since the third quarter of 2021.