Homebuyer aid broadens to middle class amid price pressures

As mortgage rates and home prices continue to strain homebuyers, states are rapidly expanding programs aimed at making homeownership more affordable. Housing affordability pressures remain severe nationwide. As of May 1, the median price for a U.S. single-family home sat at $449,038, according to Ho

Sparks flare over Florida law to target idle golf courses for housing 

A bill overriding local zoning authority to allow housing on idle Southeast Florida golf courses drew little public attention during Florida’s legislative session. When the Infill Redevelopment Act passed, warnings over problems it could cause bubbled up, but only in limited circles. It passed in Ma

Mamdani May Get His Rent Freeze After All

Zohran Mamdani’s campaign promise of a rent freeze inches closer to the finish line. On Thursday evening the Rent Guidelines Board, the independent body that decides on annual rental adjustments for the city’s one million rent stabilized apartments, issued its preliminary vote. Crowds of tenants ...

Below 6% Rate Expectation This Spring Has ‘Disappeared’

Freddie Mac reported today that mortgage rates increased this week, still being driven by geopolitical tensions and sticky inflation, according to economists. The average mortgage rate increased 7 basis points to 6.37%, up from 6.30%, last week, according to the latest Primary Mortgage Market Survey