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 […]
Woodland Hills residents are outraged by the 71-unit senior housing proposal.
A planning meeting in Los Angeles turned chaotic on Thursday as local residents expressed their anger towards a developer proposing a new senior living facility. Residents from Woodland Hills confronted Akhilesh Jah over plans to replace a single-family home with a large 71-unit senior living complex, as reported. During the tumultuous Los Angeles City Planning […]
Gavin Newsom’s housing changes align with Trump’s deregulation efforts
California Governor Gavin Newsom is prioritizing affordability, especially housing costs, as he hints at a possible 2028 presidential run. This pivot comes at a time when rising housing expenses have presented challenges for Democrats, and it somewhat aligns with elements of former President Donald Trump’s housing policies ahead of the midterms. Newsom’s notable housing reforms […]
Mamdani introduces expedited process for emergency housing cases in NYC
New York City Introduces Unified Court System for Housing Emergencies New York City Mayor Zohran Mamdani announced on Tuesday the launch of a new Unified Court System aimed at expediting emergency cases in the Housing Court. “I’m pleased to share that the Unified Court System will prioritize emergency cases where the health and safety of […]
Home Depot shoppers focus on smaller tasks as housing expenses remain elevated.
Home Depot Sees Steady Sales Amid Housing Market Challenges Home Depot customers are maintaining their spending on home improvements, particularly on smaller projects, as they navigate rising mortgage rates and increasing home prices. In its latest report, the home improvement giant revealed a 5.7% sales increase in the second quarter compared to last year, amounting […]
Del Mar seeks investigation into Rob Bonta regarding housing and contributions
A prolonged housing conflict in an upscale Southern California city has attracted the attention of state Attorney General Rob Bonta over allegations related to campaign funding tied to a developer. This month, the Del Mar City Council members decided to request an investigation by both the San Diego County District Attorney and U.S. Attorney Adam […]
Surge in AI data centers creating new six-figure jobs and its impact on housing
There’s a growing interest among American workers in blue-collar jobs, notably in fields like construction, plumbing, and steel. Even prominent CEOs, like Jensen Huang from Nvidia, have commented on this shift. He suggested that the next set of lucrative jobs won’t be based in Silicon Valley but will instead stem from the workforce constructing the […]
How Washington put affordable housing at risk
As a kid, the term “endangered species” evoked images of majestic animals like pandas and whales, creatures in urgent need of protection. Nowadays, though, it seems to refer more to development projects that stall because of some obscure frog that few people even think about. It’s quite amusing, really. Scientists have recently figured out that […]
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 […]