NYC council approves sweeping plan that includes 82,000 homes
The “City of Yes” plans calls for the construction of 82,000 new homes over the next 15 years to address the Big Apple’s housing crisis.
Housing Market
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AI used for housing decisions draws bipartisan support, oversight
Even in a divided Congress, there is bipartisan support for learning more about how gen AI is being used in housing decisions.
Redfin’s 2025 housing market forecast predicts resilient homebuyers
Redfin forecasts home prices to rise by 4% over the course of 2025, with existing home sales between 4.1 million and 4.4 million.
Investment giant Pretium Partners hires Sid Visentini to lead optimization efforts
Sid Visentini will join Pretium Partners as the firm’s senior managing director and head of business optimization.
How migration is dividing the housing market in two
Migration is causing a bifurcation of the housing market with the South seeing a slowdown and the north falling short on inventory.
Will we see a Santa Claus rally in mortgage rates?
Despite initial concerns that tariffs would push mortgage rates up to 8%, this week has brought some encouraging news.
Texas cities lead the way for medium-density housing growth
StorageCafe reports that the fastest-growing markets for inventory include Southern cities with more affordable middle housing options.
Zillow’s forecast for the 2025 housing market in a word? Bumpy
Zillow expects home-price growth of 2.6% in 2025, which is largely in line with growth from this year. It also projects 4.3 million existing-home sales, with some buyers reversing the post-pandemic trend of buying for more space by choosing smaller homes.
Jump in pending home sales foreshadows positive end to the market in 2024
The 77.4 reading for NAR’s pending sales index is the highest mark since March and the third highest going back to December 2023.
How Trump’s plan to ‘seal the border’ impacts housing construction and affordability
The Trump administration’s attitude on undocumented immigration could block further progress for increasing new-home supply.