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Curated news articles on rental markets, affordable housing, policies and technological innovation in housing finance.

Bite-sized news summaries  by our editorial team, sourced from industry-leading newspapers both regional and national.
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Housing Wire
Feb 27, 2024

HUD, VA announce $14.5M for veterans seeking permanent housing

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) announced the allocation of over $14.5 million to public housing agencies (PHAs) nationwide to address veteran homelessness. An estimated distribution of more than 1,400 HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers will be carr...
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Newsweek
Feb 21, 2024

Black Homeownership is Set to Soar

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
Homeownership among Black Americans has consistently trailed behind all others in the country, including by 28% compared to white homeowners. However, according to a new report by the National Association of Realtors (NAR), Black homeownership is expected rise in the future.  How? As more Millennials and Gen Z enter into the home buying market, th...
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NPR
Feb 17, 2024

The hottest trend in U.S. cities? Changing zoning rules to allow more housing

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
The United States is grappling with a housing crisis characterized by a shortage of millions of units and soaring housing costs for renters and buyers alike. To address this, cities are revising zoning rules to allow for more housing development, focusing on measures such as permitting multifamily homes in diverse neighborhoods and streamlining con...
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Housing Wire
Jan 30, 2024

How AI and a changing rental market will shape property management in 2024

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
In 2024, the rental market is poised for transformation with two key factors: the growing impact of artificial intelligence (AI) tools and heightened competition among the multifamily rental market. A survey by AppFolio indicates that nearly half of property management professionals either use AI or plan to adopt it. Property managers face the chal...
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Multifamily Dive
Jan 29, 2024

Funding for proptech plummets 42%

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
In 2021 and 2022, the commercial real estate sector experienced a surge in proptech adoption, leading to increased investment. However, a recent report from the Center for Real Estate Technology and Innovation highlights a slowdown in momentum during 2023, attributed to factors such as inflation and geopolitical uncertainty. Venture capital investm...
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NPR
Jan 25, 2024

Housing is now unaffordable for a record half of all U.S. renters, study finds

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
Rising rents and reduced working hours during the COVID-19 pandemic have left many U.S. renters struggling to make ends meet, with a record 50% paying over 30% of their income on rent and utilities, per Harvard University's report. The unaffordability trend saw the most significant jump among households earning $30,000 to $74,999 annually, with a t...
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Business Insider
Jan 14, 2024

Why the solution for cheap manufactured starter homes is failing

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
Modular housing is seen as a solution to housing shortages, offering efficiency, and cost reduction, but many companies like Katerra and Veev have failed to achieve financial viability. What is ailing the manufactured homes market? Experts believe over-regulation by the Government in the form of restrictive zoning laws, hinders industry growth for ...
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Gothamist
Jan 13, 2024

NYC housing costs grew 68% in last decade, highest jump in U.S., report says

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
According to a new report by State Comptroller Tom DiNapoli, housing costs in and around New York City have surged by 68% between 2012 and 2022, outpacing other major U.S. metropolitan areas, The average household's housing expenses in New York City and Nassau, Suffolk, Rockland and Westchester counties rose from $18,000 to $30,300 during this peri...
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S&P Global
Dec 23, 2023

Distress in CRE loans on nonowner-occupied properties rises at US banks

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
In recent quarters, US bank loans backed by owner-occupied commercial real estate have outperformed those backed by nonowner-occupied properties. This shift began in 2020 when work-from-home policies impacted nonowner-occupied commercial real estate loans. The delinquency ratio for nonowner-occupied properties surpassed that of owner-occupied ones ...
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Chicago Sun Times
Nov 29, 2023

Chicago wrongly limited affordable housing with aldermanic prerogative, HUD says

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
Chicago is facing criticism from federal investigators for hindering affordable housing by allowing City Council members to reject such developments in their wards, by using their aldermanic prerogative. The U.S. Department of Housing and Urban Development suggests that the aldermanic prerogative gives City Council members too much power to veto af...
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The Washington Post
Nov 24, 2023

Where we build homes helps explain America’s political divide

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
The law of supply and demand doesn't seem to be working in the context of the U.S. housing market. As prices hit record highs, available homes remain at record lows. We had visualized the demand and supply gap in our Housing Count project, so you can check out the status of this gap in your own counties. The recent surge in housing development, pa...
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Housing Wire
Nov 22, 2023

Here’s what you can expect from the 2024 housing market

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
The housing market is undergoing significant challenges, with 2023 expected to see the lowest home sales since 2010. Despite an anticipated increase in activity in 2024, transactions are projected to remain below average. Mortgage rates, after reaching a two-decade high in 2023, are expected to decrease in 2024 but will likely settle between 6% and...
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The New York Times
Nov 21, 2023

New York City May Pay You to Build a ‘Granny Flat’ in Your Backyard

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
In a bold initiative to tackle New York's housing crisis, the city is adopting a novel approach: incentivizing homeowners to convert their garages and attics into additional living spaces by offering to pay them. NYCHPD Commissioner Adolfo Carrion Jr. announced on Nov 21, the launch of a new pilot program called “Plus One ADU”. The pilot program wi...
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Forbes
Nov 3, 2023

Housing Market Predictions For 2023: When Will Home Prices Be Affordable Again?

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
The housing market in November 2023 is characterized by surging mortgage rates, high home prices, and limited inventory. Mortgage rates have reached a 23-year high of 7.79%, causing a decline in existing-home sales for the fourth consecutive month. The Federal Reserve has paused its rate hikes, but experts are more concerned about the Fed's future ...
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CNBC
Nov 2, 2023

National Association of Realtors CEO quits earlier than expected after federal lawsuit loss

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
The National Association of Realtors is facing significant changes as CEO Bob Goldberg resigns earlier than expected, amid ongoing challenges. The association recently lost a federal lawsuit, being held liable for conspiring to artificially inflate commissions in the real estate market, resulting in a $1.78 billion damages award. This verdict may i...
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HUD Press Release
Nov 2, 2023

FHA changes appraisal requirements for certain manufactured homes to enhance financing flexibility for borrowers

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
The Federal Housing Administration (FHA) has announced updated appraisal requirements for the valuation of manufactured homes certified under Fannie Mae's MH AdvantageTM and Freddie Mac's CHOICEHome® programs. These updates, unveiled by Federal Housing Commissioner Julia Gordon at a conference in Chicago, align FHA appraisal requirements with indus...
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The Hill
Oct 16, 2023

To build an affordable housing future, we must look to the past

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
The United States faces a severe housing shortage, and while some state and local leaders are trying to address it through new construction, the article argues that rehabilitating and reusing older and historic buildings should be a crucial part of the solution. Approximately 40% of America's building stock is at least 50 years old, and many such s...
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Associated Press
Oct 12, 2023

Newsom signs laws to fast-track housing on churches’ lands, streamline housing permitting process

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
California Governor Gavin Newsom signed a new law aimed at addressing the state's ongoing homeless crisis. The law allows religious institutions and nonprofit colleges to rezone their properties for low-income housing, bypassing local permitting and environmental review rules. This "YIGBY" (Yes in God's Backyard) initiative seeks to utilize surplus...
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Housing Wire
Oct 12, 2023

Housing industry pleads with Biden administration to narrow the mortgage spread

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
A coalition of trade associations, including CHLA, NAR, and ICBA, has called on the Biden administration to address the historically large spread between 30-year mortgage rates and 10-year Treasuries. The spread, currently over 300 basis points, far surpasses the historic norm of around 150 basis points. The trade groups have urged the Federal Rese...
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Portland Mercury
Mar 13, 2023

Climate Change and the Housing Crisis are Burdening Portland’s Emergency Shelter System

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
With climate change making severe weather events more common and the area’s housing crisis increasing the number of people who need support, the operation of the shelters is taking an increasing toll on county and city officials and budgets, as well as the community volunteers whose labor the region relies on to run the shelters. Image credits - M...
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Housing Wire
Jan 30, 2024

How AI and a changing rental market will shape property management in 2024

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
In 2024, the rental market is poised for transformation with two key factors: the growing impact of artificial intelligence (AI) tools and heightened competition among the multifamily rental market. A survey by AppFolio indicates that nearly half of property management professionals either use AI or plan to adopt it. Property managers face the chal...
News Image
Multifamily Dive
Jan 29, 2024

Funding for proptech plummets 42%

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
In 2021 and 2022, the commercial real estate sector experienced a surge in proptech adoption, leading to increased investment. However, a recent report from the Center for Real Estate Technology and Innovation highlights a slowdown in momentum during 2023, attributed to factors such as inflation and geopolitical uncertainty. Venture capital investm...
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Housing Wire
Sep 13, 2023

Amazon Housing Equity Fund partners with National Housing Trust for affordability pilot program

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
Retail giant Amazon announced on Wednesday the launch of a new pilot program designed to assist moderate-income families in three different U.S. communities with the purchase of up to 800 homes, in partnership with the National Housing Trust (NHT). The initiative will include $40 million to assist residents in the Puget Sound, Washington, Arlingto...
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The Real Deal
Apr 3, 2023

Florida’s affordable housing law could “change the look of coastal cities”

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
Developers are analyzing how to take advantage of Florida’s new legislation, which will set aside over $700 million in funding, create tax breaks, and provide zoning-related incentives for affordable and workforce housing developments.  The law could contribute to a new boom in housing development, from entirely affordable buildings to mixed-income...
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Portland Mercury
Mar 13, 2023

Climate Change and the Housing Crisis are Burdening Portland’s Emergency Shelter System

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
With climate change making severe weather events more common and the area’s housing crisis increasing the number of people who need support, the operation of the shelters is taking an increasing toll on county and city officials and budgets, as well as the community volunteers whose labor the region relies on to run the shelters. Image credits - M...
News Image
Newsweek
Feb 21, 2024

Black Homeownership is Set to Soar

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
Homeownership among Black Americans has consistently trailed behind all others in the country, including by 28% compared to white homeowners. However, according to a new report by the National Association of Realtors (NAR), Black homeownership is expected rise in the future.  How? As more Millennials and Gen Z enter into the home buying market, th...
News Image
NPR
Jan 25, 2024

Housing is now unaffordable for a record half of all U.S. renters, study finds

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
Rising rents and reduced working hours during the COVID-19 pandemic have left many U.S. renters struggling to make ends meet, with a record 50% paying over 30% of their income on rent and utilities, per Harvard University's report. The unaffordability trend saw the most significant jump among households earning $30,000 to $74,999 annually, with a t...
News Image
S&P Global
Dec 23, 2023

Distress in CRE loans on nonowner-occupied properties rises at US banks

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
In recent quarters, US bank loans backed by owner-occupied commercial real estate have outperformed those backed by nonowner-occupied properties. This shift began in 2020 when work-from-home policies impacted nonowner-occupied commercial real estate loans. The delinquency ratio for nonowner-occupied properties surpassed that of owner-occupied ones ...
News Image
Housing Wire
Nov 22, 2023

Here’s what you can expect from the 2024 housing market

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
The housing market is undergoing significant challenges, with 2023 expected to see the lowest home sales since 2010. Despite an anticipated increase in activity in 2024, transactions are projected to remain below average. Mortgage rates, after reaching a two-decade high in 2023, are expected to decrease in 2024 but will likely settle between 6% and...
News Image
Forbes
Nov 3, 2023

Housing Market Predictions For 2023: When Will Home Prices Be Affordable Again?

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
The housing market in November 2023 is characterized by surging mortgage rates, high home prices, and limited inventory. Mortgage rates have reached a 23-year high of 7.79%, causing a decline in existing-home sales for the fourth consecutive month. The Federal Reserve has paused its rate hikes, but experts are more concerned about the Fed's future ...
News Image
CNBC
Nov 2, 2023

National Association of Realtors CEO quits earlier than expected after federal lawsuit loss

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
The National Association of Realtors is facing significant changes as CEO Bob Goldberg resigns earlier than expected, amid ongoing challenges. The association recently lost a federal lawsuit, being held liable for conspiring to artificially inflate commissions in the real estate market, resulting in a $1.78 billion damages award. This verdict may i...
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Reuters
Sep 14, 2023

A third of would-be buyers cannot find affordable US homes, industry surveys show

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
In a recent survey conducted by the National Association of Realtors, 34% of real estate agents' clients who were yet to secure a home, reported that scarcity of affordable properties in the market was their primary obstacle to homeownership. An additional 18% stated that their customers were biding their time for a decrease in interest rates. Ins...
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Housing Wire
Sep 13, 2023

Amazon Housing Equity Fund partners with National Housing Trust for affordability pilot program

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
Retail giant Amazon announced on Wednesday the launch of a new pilot program designed to assist moderate-income families in three different U.S. communities with the purchase of up to 800 homes, in partnership with the National Housing Trust (NHT). The initiative will include $40 million to assist residents in the Puget Sound, Washington, Arlingto...
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Propmodo
Sep 7, 2023

The Impact of Rising Multifamily Insurance Rates on Rent

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
Property insurance rates continue to soar as insurers aim to mitigate massive losses amid the increasing number of devastating climate change-related disasters. Coastal states like Florida and California are bearing the brunt of the rising insurance costs as wildfires, hurricanes, and storms go on the rise, and fears of earthquake damage remain eve...
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Housing Wire
Aug 28, 2023

Single-family rent increases 3.3% year over year in June: CoreLogic

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
In a recent update from property data provider CoreLogic, it's revealed that U.S. single-family rents recorded a 3.3% year-over-year increase in June, marking the smallest rise since autumn 2020.    The CoreLogic Single-Family Rent Index (SFRI), which tracks rent changes nationally and in major metro areas, reported a shift in June. Rent growth for...
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Housing Wire
Feb 27, 2024

HUD, VA announce $14.5M for veterans seeking permanent housing

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) announced the allocation of over $14.5 million to public housing agencies (PHAs) nationwide to address veteran homelessness. An estimated distribution of more than 1,400 HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers will be carr...
News Image
NPR
Feb 17, 2024

The hottest trend in U.S. cities? Changing zoning rules to allow more housing

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
The United States is grappling with a housing crisis characterized by a shortage of millions of units and soaring housing costs for renters and buyers alike. To address this, cities are revising zoning rules to allow for more housing development, focusing on measures such as permitting multifamily homes in diverse neighborhoods and streamlining con...
News Image
Business Insider
Jan 14, 2024

Why the solution for cheap manufactured starter homes is failing

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
Modular housing is seen as a solution to housing shortages, offering efficiency, and cost reduction, but many companies like Katerra and Veev have failed to achieve financial viability. What is ailing the manufactured homes market? Experts believe over-regulation by the Government in the form of restrictive zoning laws, hinders industry growth for ...
News Image
The New York Times
Nov 21, 2023

New York City May Pay You to Build a ‘Granny Flat’ in Your Backyard

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
In a bold initiative to tackle New York's housing crisis, the city is adopting a novel approach: incentivizing homeowners to convert their garages and attics into additional living spaces by offering to pay them. NYCHPD Commissioner Adolfo Carrion Jr. announced on Nov 21, the launch of a new pilot program called “Plus One ADU”. The pilot program wi...
News Image
HUD Press Release
Nov 2, 2023

FHA changes appraisal requirements for certain manufactured homes to enhance financing flexibility for borrowers

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
The Federal Housing Administration (FHA) has announced updated appraisal requirements for the valuation of manufactured homes certified under Fannie Mae's MH AdvantageTM and Freddie Mac's CHOICEHome® programs. These updates, unveiled by Federal Housing Commissioner Julia Gordon at a conference in Chicago, align FHA appraisal requirements with indus...
News Image
Associated Press
Oct 12, 2023

Newsom signs laws to fast-track housing on churches’ lands, streamline housing permitting process

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
California Governor Gavin Newsom signed a new law aimed at addressing the state's ongoing homeless crisis. The law allows religious institutions and nonprofit colleges to rezone their properties for low-income housing, bypassing local permitting and environmental review rules. This "YIGBY" (Yes in God's Backyard) initiative seeks to utilize surplus...
News Image
Housing Wire
Oct 12, 2023

Housing industry pleads with Biden administration to narrow the mortgage spread

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
A coalition of trade associations, including CHLA, NAR, and ICBA, has called on the Biden administration to address the historically large spread between 30-year mortgage rates and 10-year Treasuries. The spread, currently over 300 basis points, far surpasses the historic norm of around 150 basis points. The trade groups have urged the Federal Rese...
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The Texas Tribune
May 24, 2023

Bills to build more homes — and lower housing costs — fail quietly in final days of the Texas Legislature

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
Although Texas builds more homes than any other state, it’s not building enough to keep up with its massive population and economic growth, leading to historically high housing costs, according to housing advocates, builders and real estate experts. By some estimates, the state is short hundreds of thousands of homes.A sweeping agenda to slow Texas...
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Nevada Current
May 19, 2023

Local officials mostly mum on legislation granting them authority to address housing crisis

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
As rents skyrocketed in the aftermath of the pandemic and have continued squeezing Nevadans in the last year, local officials on numerous occasions stressed state law restricted them from taking action to address the housing crisis. Now given a chance to weigh in on legislation that would clarify their authority, local governments have been mostly ...
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The New York Times
May 12, 2023

Build in the suburbs, solve the housing crisis

AFFORDABLE HOUSING
TECHNOLOGY
POLICY
HOUSING MARKET
Many in New York hoped that the final version of the state’s $229 billion budget would include provisions to prevent cities and towns from limiting themselves exclusively to the construction of single-family homes. However, the Governor's Housing Compact plan was abandoned when it proved too controversial to keep budget negotiations with the Legisl...

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Decoding the housing crisis

A public data project to track and analyze the rental housing shortage across the country, highlighting where additional units are needed most.

Shortage statistics for households earning Under 50% AMI
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states with severe shortage
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of households rent-burdened
4.5M
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