The United States is struggling with a shortage of up to 5.5 million homes, experts say. The housing gap is so large that it would take more than 10 years to reduce, even if builders accelerate new home construction right away, the National Association of Realtors believes. So President Joe Biden’s new plan that calls
Buyers priced out of affordable homes
Home prices have grown in most parts of the country in 2020, but there are still many pockets of affordability with homes available for less than $100,000. All in all, there were around 50,100 single-family listings across the U.S. in November, usually located in small or medium-sized cities or rural areas. But buyers are struggling
Minneapolis officially removes single-family zoning
Minneapolis has become the latest U.S. city to do away with single-family zoning laws, allowing a greater variety of construction within its neighborhoods. The measure to eliminate single-family zoning was approved in a 10-1 vote by Minneapolis City Council members. Single-family zoning laws have come under attack in several U.S. cities and states in recent
Midwestern markets heat up as buyers chase affordable homes
The Midwest is seeing growing home sales as more buyers swoop into the heartland in search of affordable homes. The uptick in sales means that midsize cities such as Boise, Idaho; South Bend, Indiana, and Columbia, Missouri are now showing up as some of the U.S.’s top-performing real estate markets. Just 10 of the 178
Trump resolves to make housing more affordable
U.S. President Donald Trump is turning his attention to the affordable housing problem. He’s just signed an executive order to setup a “White House Council” that will be tasked with “identifying and removing barriers hindering the development of affordable housing”, HousingWire reported. What that means is the president is trying to “tear down the red
Just-released FHA report shows Fresh opportunity to make Homeownership More Affordable
The Federal Housing Administration’s just released actuarial report shows that the Mutual Mortgage Insurance Fund is on a steady financial trajectory, a finding the National Association of Realtors® believes is an opportunity to make FHA’s low-down-payment mortgage