All articles tagged with #housing costs
Voters remain worried about the cost of housing, but former President Donald Trump signals he wants home prices to keep climbing, framing the housing market as a political priority ahead of the 2026 elections and suggesting policy moves to sustain price growth despite affordability concerns.
Florida still draws newcomers, but net domestic migration has slowed due to rising home prices and insurance costs, pushing some longtime residents to relocate while international and wealthier buyers keep inflows.
San Jose Mayor Matt Mahan, a moderate Democrat and frequent critic of Gov. Gavin Newsom, announced a late entry into California’s crowded gubernatorial race, arguing for pragmatic solutions to homelessness and drug addiction and accusing rivals of fixating on Trump rather than state issues. With strong Silicon Valley ties and a history of taking a tough stance on quality-of-life issues, Mahan enters a field that already includes prominent Democrats like Katie Porter, Eric Swalwell, Tom Steyer, Xavier Becerra and Antonio Villaraigosa, and will need to quickly raise substantial funds to compete.
December 2025 inflation rose 2.7% from a year earlier as gas prices fell 0.5% month-to-month, but grocery prices jumped 0.7% and housing costs edged higher—the largest contributor to the monthly increase—leaving inflation above the Fed's 2% target and shaping expectations for policy moves.
President Trump announced via social media that he has instructed his representatives to purchase $200 billion in mortgage bonds to lower interest rates and make homeownership more affordable, leveraging the financial strength of Fannie Mae and Freddie Mac, though the specifics of the implementation remain unclear.
ICE arrests in South Texas have severely impacted the construction industry by causing worker shortages and delays, leading to economic ripple effects and potential increases in housing costs, as industry leaders and workers express concern and call for action.
In California, the traditional view that homeownership is always financially advantageous is being challenged due to high prices, mortgage costs, and market uncertainties, making renting a potentially smarter financial choice for many, despite the social and personal benefits of owning a home.
The traditional 30% rule for rent affordability is less relevant today, especially in high-cost cities and for very low or high-income earners. Experts recommend creating a detailed budget and considering individual circumstances to determine affordable rent, rather than strictly adhering to the 30% guideline.
In 2025, Arkansas, Idaho, and North Carolina saw the most inbound moves, driven by factors like lower costs and job opportunities, while Louisiana experienced the highest outbound moves. Overall, U.S. migration slowed, with affluent and educated individuals more likely to move, influenced by lifestyle and family reasons, amid high housing costs and mortgage rates. Data from Atlas Van Lines highlights ongoing regional population shifts and economic implications.
State efforts to regulate AI in housing to prevent discrimination and manipulation face potential disruption from President Trump's executive order, which aims to challenge and limit such state laws, creating legal uncertainty amid ongoing debates over AI's role in addressing housing affordability.
Hawaii has the highest homelessness rate in the U.S., followed by Washington D.C. and New York, with a strong correlation between high housing costs and homelessness. The data highlights regional disparities, with West Coast states experiencing higher rates due to rising rents, while Southern and Midwestern states report lower rates, likely due to more affordable housing and land availability.
The article discusses a significant outlier in the Owner's Equivalent of Rent (OER) component of the Consumer Price Index (CPI), which heavily influenced inflation readings in September 2023. Due to an anomaly, OER's minimal increase of 0.13% significantly lowered the overall CPI, core CPI, and core services CPI figures, potentially underestimating true inflation levels. Without this outlier, inflation would have appeared much higher, especially in core services, which are heavily weighted by housing costs.
Greystar and 25 property management companies agree to pay over $141 million to settle a lawsuit alleging they used rent-setting algorithms to inflate housing costs, with Greystar paying $50 million; the companies also commit to no longer sharing nonpublic data with RealPage, which denies wrongdoing. The settlement aims to address alleged anti-competitive practices in the rental market.
Greystar and 25 property management companies agree to pay over $141 million to settle a lawsuit alleging they used RealPage's rent algorithms to artificially inflate housing costs, with Greystar paying $50 million. The companies will also stop sharing nonpublic data with RealPage, marking a significant shift in the industry. RealPage denies wrongdoing, claiming its software's recommendations are misunderstood and that high rents are driven by housing supply issues.
More Americans are living paycheck to paycheck, with projections indicating this trend will worsen, leading to decreased retirement savings due to rising costs like housing and education, and major life events disrupting savings plans. Experts advise engaging in personalized retirement planning to improve financial security.