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Governor Hochul’s statewide plan to tackle New York’s housing crisis
On January 10, Governor Kathy Hochul announced a statewide strategy to address New York’s housing crisis. This new plan, named The New York Housing Compact, aims to build 800,000 new homes over the next decade to meet the state’s historic housing shortage. Take a look at the what the plan will set out to achieve and how.
Builders Patch • January 31, 2023
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Biden administration rolls out renter protections as rent prices soar
As rent prices soar, the Biden administration announced new renter protections including - rent hike protections, eviction protections, and protections for military members and disabled tenants. A new "resident-centered housing challenge" was also launched to encourage housing providers at all levels to expand the supply of housing by creating stronger policies.
HousingWire • January 27, 2023
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The Cities Where You’ll Save Money Renting in 2023—and the Ones Where Buying a Home Is Cheaper
It’s cheaper to rent in 45 of the 50 largest metros. And that’s up from just 30 metros last year. Some of the blame for the widening gap can be put on higher mortgage interest rates, which have made buying a home so much more expensive.
- The metros where it is cheaper to rent are - Austin, TX, San Francisco, CA, Seattle, WA, Boston, MA and Portland, OR.
- The metros where it is cheaper to buy are - Memphis, TN, Pittsburgh, PA, Birmingham, AL, St. Louis, MO, and Baltimore, MD.
Realtor • Jan 30, 2023
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Global proptech estimated to reach $86.5bln by 2032
The global Proptech industry is forecast to reach $86.5 billion by 2032, advancing at a compounded annual growth rate (CAGR) of 16.8%, according to a report by Future Market Insights. The figure stood at $18.2 billion in 2022. Globally, the United States holds the largest share of proptech companies, with 59.7% of the world’s total, followed by Europe (27.2%) and Asia (3.5%).
Realty Plus • Jan 30, 2023
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