Study of Mayors Across the Country Highlights Effects of Affordability Crisis on Local Businesses
A recent report highlights the struggles many mayors across the country are facing when it comes to lowering living costs that impact local communities. According to a survey by the United States Conference of Mayors (USCM), 92% of mayors, representing around 34.1 million people in 113 cities across 39 states and Puerto Rico, noted that […]
Secretary Chris Wright States US Energy Policy Should Focus on Affordability and Reliability
Energy Secretary Discusses U.S. Power Costs and Policy In a recent discussion, Energy Secretary Chris Wright emphasized that the U.S., which has an abundance of energy resources, should lead to lower electricity costs and more dependable power for everyday Americans. This conversation comes as the Trump administration faces scrutiny regarding electricity affordability, grid reliability, and […]
Advancing American Freedom unveils affordability strategy for Republicans
New Affordability Agenda Ahead of Midterm Elections With control of Congress at stake and economic issues taking center stage in campaigns, a notable conservative organization is launching a comprehensive affordability agenda designed to sharpen the economic messaging for Republicans as the November midterm elections approach. The Advancing American Freedom report, titled “Affordability 101,” is being […]
Coalition for Affordability and Prosperity Urges Senate to Address Housing Tax Issue
Coalition Proposes Changes to Capital Gains Tax for Home Sales The Coalition for Affordability and Prosperity is pushing the Senate Finance Committee to move forward with legislation aimed at increasing the capital gains tax exclusion for homeowners. They argue that a tax threshold that has not changed in nearly thirty years is making it harder […]
Jobs report setback deepens housing market struggles and affordability concerns
The slowdown in the U.S. labor market adds more hurdles for a housing sector already struggling with affordability. Potential homebuyers are finding it challenging to save money due to ongoing inflation and an uncertain job market. According to the Bureau of Labor Statistics, a jobs report released recently revealed that the U.S. economy lost 23,000 […]
First-time homebuyers see a small improvement in housing affordability.
Housing Market Trends and Affordability Issues The issue of housing affordability continues to trouble many potential homebuyers. The income required to buy an average home in the U.S. remains at historic highs, often surpassing the earnings of most households. Yet, there are signs that things might be improving, at least a bit, compared to last […]
New homebuyers find some help, but affordability continues to be difficult.
Elevated Home Prices Challenge First-Time Buyers Francis Suarez, the former mayor of Miami, pointed out that Miami’s cost of living has surged by 36% since 2019. This shift has actually made it more expensive than New York City, raising significant concerns about housing affordability for the middle class, particularly as Cuba faces economic turmoil. For […]
Housing official states Florida and Texas excel in affordability
Housing Affordability Challenges Across the U.S. Homeownership is proving difficult for many Americans, but Housing and Urban Development (HUD) Secretary Scott Turner believes that some states are making more progress than others in terms of affordability. In a recent interview, Turner mentioned that Florida and Texas are “leading the way” in expanding housing opportunities and […]
LIZ PEEK: The Democrats’ affordability campaign is a trick that blue-state voters are well aware of.
There’s a lot of talk about affordability from Democrats, but many argue that it doesn’t reflect the reality. Senate Minority Leader Chuck Schumer announced earlier this year that reducing costs would be a top priority if the Democrats gained control of the Senate. In February, the chair of the House New Democratic Coalition brought up […]
Trump allows housing affordability bill to become law without signing it.
The bipartisan housing bill was signed into law late Saturday night after President Trump chose not to put his signature on it. This decision followed a period of intense discussions regarding the possibility of a presidential veto, arising from ongoing frustrations in Congress regarding stalled issues. In a strategic move, Trump aimed to pressure Congress […]