Utah Gov. Spencer Cox has announced a plan to build 35,000 starter homes by 2028. According to a report in the Deseret News, Cox dubbed his plan the Utah First Homes program and framed the proposal as a strategy to address the state’s housing shortage. Cox unveiled...
A former prison in the Harlem section of New York City has been proposed for redevelopment as an affordable homeownership complex. New York Gov. Kathy Hochul has presented Seneca, the selected proposal to repurpose the former Lincoln Correctional Facility, a...
Next year could see a new wave of homeowner affordability, according to the 2024 Housing Forecast released by Realtor.com. Realtor.com is forecasting average mortgage rates of 6.8% in 2024, with rates edging down over the year to reach 6.5% by the end of the year....
Only 37.4% of new and existing homes sold during the third quarter were affordable to families earning the median income of $96,300, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Opportunity Index (HOI). This is down from...
Housing affordability in California slumped to its lowest level since 2007, according to data from the California Association of Realtors (CAR). Fewer than one in five home buyers (15%) were able to afford a median-priced, existing single-family home in California...
State Farm and Allstate Take Steps Toward Reopening California Home Insuran…
