Has homeownership become a luxury good?
First-time buyers now make up only 21% of home purchases, with the median age rising to 40 and the under-35 homeownership rate at 37.1%.
Affordable Housing
Auto Added by WPeMatico
Connecticut rolls back zoning limits to target housing shortage
Connecticut’s zoning reform enables more housing, restricts algorithmic rents, and incentivizes towns to adopt growth plans.
Connecticut governor signs bill to tackle affordable housing shortage
Connecticut’s new housing bill aims to address the affordable housing shortage, but faces criticism for limiting local control.
Extreme heat risks higher for affordable housing residents
The analysis found that nearly all residents in affordable housing experienced at least seven days of extreme heat alerts in 2024.
Federal Home Loan Bank of Dallas awards $73.5M to affordable housing projects
This year’s grants will fund the construction or rehabilitation of more than 3,700 housing units across six states.
ADU innovation spells affordable housing progress in North Carolina
What began a decade ago as a small real estate venture has evolved into one of the region’s most innovative build-to-rent programs.
Zillow and Housing Connector help 10,000 people find homes
What began in 2019 as a local solution in Seattle has evolved into a national model for unlocking private-market housing.
ALTA Good Deeds Foundation awards $105K in grants, honors late board chair
ALTA honored the late Mary O’Donnell, who worked as foundation board chair and president and CEO of Westcor Land Title Insurance Co.
Cleveland nonprofit fights to halt investor homebuying wave
Investors were responsible for 43% of 2024 home purchases in some of Ohio’s and Pennsylvania’s lowest-income neighborhoods.
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.