Affordability

What Rising Inflation Means for Your Move

What Rising Inflation Means for Your Move

Data shows inflation is moving in the wrong direction. But before the headlines send anyone into a panic, here’s what’s actually going on, why it matters for the housing market, and what it means if you’re thinking about buying or selling. Inflation Went Up – Here’s What That Actually Means The government tracks inflation in […]

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Pennsylvania ADU bill clears House, heads to Senate

Pennsylvania Gov. Josh Shapiro declared he intended to go big on housing. On Monday, at least one piece of that ambition cleared the state House with a bipartisan vote, setting up a tougher sell in the Republican-controlled Senate. The House passed House Bill 2186, requiring municipalities statewide to allow one accessory dwelling unit per residential

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Less House, More Home: Why Smaller Homes Are Paying Off for Today’s Buyers

Less House, More Home: Why Smaller Homes Are Paying Off for Today’s Buyers

You started shopping with a specific mental image of your future home in your mind. Then the houses in your budget came in smaller than you pictured. That’s the reality for a lot of buyers right now. Affordability is tight. But don’t let that discourage you. Going smaller might actually be a smart play in

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As Florida’s housing market finds its footing, sellers still face pricing realities

Florida’s housing market is settling into a period of measured stability, with pending sales on the rise and inventory levels flattening. Sellers who cling to pandemic-era pricing continue to face resistance from buyers navigating high mortgage rates and affordability constraints. As of May 23, HousingWire Data shows the median list price of homes in Florida

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Will getting rid of property taxes make Florida more affordable?

Florida Gov. Ron DeSantis’ proposal to phase out property taxes for most primary homeowners is rapidly becoming one of the state’s most consequential housing debates in years. Supporters argue it could ease affordability pressures while critics warn it may fuel higher home prices and reshape local tax structures. The proposal would raise Florida’s homestead exemption

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Scissor stairs may lower Washington multifamily building costs

Zoning reform has grabbed most of the attention in housing policy circles, but sometimes it’s the unglamorous, technical building code changes that save builders real money. Single-stair reform was the first to sweep through state legislatures and city halls as a tool to spur missing-middle housing. Washington state is now cutting deeper into the building

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Bank of America extends Community Homeownership Commitment program

Bank of America said Thursday that it will continue its Community Homeownership Commitment program after surpassing its original goal of delivering $15 billion in affordable home loans and grants. The program, launched in 2019, has provided more than $15 billion in affordable home loans. This total includes more than $600 million in down payment and

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Homebuyer affordability slips in April as median mortgage payment rises to $2,152

Homebuyer affordability declined in April as the national median payment applied for by purchase mortgage applicants rose to $2,152, up from $2,131 in March, according to the Mortgage Bankers Association (MBA)’s Purchase Applications Payment Index (PAPI) released Thursday. The national PAPI rose 0.3% to a reading of 156.0 in April, up from 155.5 in March,

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What Most Veterans Don’t Know About Their VA Home Loan Benefit

What Most Veterans Don’t Know About Their VA Home Loan Benefit

Nearly half of Veterans (49%) feel homeownership is currently out of reach, according to a recent survey from NewDay USA. But many are closer than they think. And you might be, too. If you’re a Veteran, you probably know the Veterans Affairs (VA) home loan benefit exists – it’s been around for over 80 years.

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