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Who could have guessed that prices have anything to do with supply and demand? Not me. I used to think so, but after I got into an argument with a liberal friend of mine after I suggested that the housing crisis was related to the surge in illegal immigration, and he exploded at me, I changed my mind. His emotional response was very convincing. Well, it turns out that reality really doesn't respond as one would expect to emotional outbursts, and when demand drops due to fewer people seeking limited resources, prices really do fall. Los Angeles is one of...

An Arizona Democratic Party official has come under fire after he was seen chasing young women and screaming obscenities after they took a photo with ICE agents in Arizona. Mark Holodnak, a local Realtor and the Legislative District 12 Democratic Party Treasurer, was caught on camera with a group of leftists harassing the girls after they reportedly took a photo with agents at Zipps Sports Grill, a popular Valley restaurant chain, that has come under investigation for federal law violations likely related to immigration. 15 locations have been shut down since Monday, and anti-ICE protesters have shown up at the...

Keep on printing money. It seems that home price growth requires The Fed to keep printing money. S&P/Case-Shiller released the monthly Home Price Indices for November (“November” is a 3-month average of September, October and November closing prices). September closing prices include some contracts signed in July, so there is a significant lag to this data. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA). From S&P S&P Cotality Case-Shiller Index Reports Annual Gain In November 2025 From S&P S&P Cotality Case-Shiller Index Reports Annual Gain In November 2025 The S&P Cotality...

Its some kind of wonderful … for home buyers. Home sellers outnumbered buyers by 47.1% in December 2025, the largest gap since Redfin data began in 2013. The percentage jumped by +7.1 points from November, the biggest monthly increase since September 2022. The number of active homebuyers fell -5.9% MoM to 1.34 million, the lowest level on record. Meanwhile, home sellers declined -1.1% MoM to 1.97 million, the lowest since February 2025. By comparison, in November 2021, there were 36.5% fewer sellers than buyers. This all comes as elevated housing costs and economic uncertainty continue to push buyers to the...

Residents in a trendy apartment building in Denver, Colorado say their peaceful lives turned into a nightmare when homeless families were given free apartments next door. Owen Johnson, a 25-year-old from Missouri, says he moved into the White Swan apartment building near the city's Congress Park in May with his wife. But Johnson says their honeymoon period after tying the knot was quickly ruined when a homeless man was given a state housing voucher to move into the apartment next to theirs, and he says it dawned on them the tenant 'was crazy.'

For millions of Americans, buying a home no longer feels like a goal. It feels like a gamble they are destined to lose. Prices rise faster than savings. Mortgage payments outpace wages. Each rejected offer chips away at confidence.Donald Trump says that cycle must stop.His plan to ban large institutional investors from buying houses has struck a nerve across the US. It speaks directly to people who believe the housing market no longer serves them.The message is blunt. Homes are for people, not corporations.A Promise Built on FrustrationFor many, housing affordability defines their daily lives. Their circumstances have changed; many...

Mortgage rates plunged to their lowest level in nearly three years on Friday after President Donald Trump said he had ordered a massive government intervention aimed at pushing borrowing costs down. In a surprise post on Truth Social, Trump said he was directing mortgage giants Fannie Mae and Freddie Mac to buy $200 billion worth of mortgage bonds — a move that immediately rippled through financial markets... New figures out this afternoon show the average rate on a 30-year fixed mortgage dropped 22 basis points to 5.99 percent, according to Mortgage News Daily, matching the lowest level since February 2023...

There’s a cruel irony in working harder than your parents did and still being unable to afford what they had. For a generation of Americans who played by the rules—saved diligently, built credit, waited for the right time—the right time never seemed to come. The house with the yard and the room for grandkids to visit? It drifted further away with every passing year.The numbers tell a grim story. Home prices have surged 105% over the last decade, transforming what was once a milestone into a fantasy for millions of families. Young couples delay starting families. Retirees watch their fixed...

President Trump on Wednesday called for a ban on “large institutional investors” buying single-family homes in a bid to address the issue of affordability. “I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations,” Trump said in a Truth Social post, adding that he will discuss the topic, including further Housing and Affordability proposals, at the World Economic Forum in Davos later this month. The proposed ban could prove to be a way in for Trump and Republicans to...

Mission-driven groups will get an early chance to make offers on properties that can be rehabilitated and preserved as affordable. he New York City Council passed a revised version of the Community Opportunity to Purchase Act (COPA), a law that gives certain nonprofits an early right to bid on available properties that could be rehabilitated and preserved as affordable housing. As Jeanmarie Evelly explains in City Limits, the law “specifically targets buildings with poor conditions or where an affordability provision is expiring.” The law allows “qualified entities” to purchase properties, make repairs, and maintain affordable rents. First introduced in 2020,...

An Oklahoma state lawmaker is urging his constituents to turn to prayer after city planning officials gave preliminary approval to a massive development in northern Oklahoma that includes a mosque and a retail center. City officials in Broken Arrow, the largest suburb of Tulsa, voted Dec. 18 to approve rezoning 15 acres of land for a proposed retail center and mosque, following hours of public comment from residents, according to local news outlet KJRH -TV. The Broken Arrow Planning Commission gave preliminary approval to the construction proposal at the commission’s regular meeting, where more than 60 people signed up to...

The weekly mortgage rate on a 30-year fixed-rate mortgage fell to 6.18 percent for the week ending Dec. 24 as the housing market continues to lean in favor of buyers.The 6.18 percent rate is the lowest level since 2022 and a slight decline from 6.21 percent the previous week, according to Freddie Mac data. The current rate is 0.86 percentage points below the yearly peak of 7.04 percent reached in mid-January.The recent rate decline comes as the U.S. housing market registered 37.2 percent more sellers than buyers in November, real estate brokerage Redfin said in a statement on Dec. 23.“That’s...

Key Points: The national median rent for apartments fell 1% in November from October, and now stands at $1,367, according to Apartment List. The national multifamily vacancy rate was 7.2% in November, a record high. The historic surge in multifamily construction over the past few years is now pulling back, but a good supply of new units is still coming online at a time of much weaker demand. A slew of new supply is still making its way through the multifamily housing market. That, coupled with weakening demand, especially from the youngest workers, is pushing vacancies up and rents down....

A welfare fraud scandal in Minnesota reveals that large numbers of new arrivals aren't assimilating and are funneling our tax dollars to literal terrorist groups. An innocent woman was set on fire in Chicago as the mayor resists federal law enforcement resources to bring peace to one of our great cities. The Obamacare insurance system is buckling under its own weight. And the country is $38 trillion in debt. Our administration is working hard on addressing all of these problems. But you know what really fires up the beltway GOP? Not any of the above. Instead, the political class is...

Good news for Southern California house hunters: estimated values of three-quarters of local homes have fallen in the past year... Most widespread drop was in Los Angeles and Orange counties, where 79% of homes experienced a value decline. That’s the 14th-highest among the 50 metros tracked. Average decline in L.A.-Orange County from recent high valuations was 7.5%, ranking the region No. 29 nationally. However, lower prices don’t always translate into more affordable options for house buyers. L.A.-Orange County owners are slow to sell, with median ownership at 12 years (the second-longest nationally). Despite recent dips, the median home remains valued...

The US housing market is now the strongest buyer's market in records dating back more than a decade, but that doesn't mean they are biting. New Redfin data shows home sellers outnumbered buyers by 36.8 percent in October, with 528,769 more sellers than buyers nationwide. That imbalance is the highest since the years following the 2008 financial crisis, and it has flooded the market with listings and forced sellers to slash prices across much of the country. In theory, buyers should now have the upper hand: more homes to choose from, more room to negotiate, and far less competition. But...

Home values are falling for more than half of America — the biggest share since the country was still clawing its way out of the Great Recession.New data from Zillow shows that 53 percent of US homes have lost value over the past year, the highest level since 2012, when the housing crash finally hit bottom.The national market looks flat on paper, but that average masks huge differences between regions, cities and even neighborhoods. Prices have been slipping in much of the South and West as more homes hit the market and buyers stay on the sidelines. Many would-be buyers...

Vice President J.D. Vance discussed the nation’s affordability crisis and the difficulty for young Americans to purchase homes during an interview with FOX News host Sean Hannity. "A lot of young people are saying housing is way too expensive," Vance told Hannity. "Why is that? Because we flooded the country with 30 million illegal immigrants who were taking houses that ought by right go to American citizens, and at the same time, we weren't building enough new houses to begin with even for the population that we had, so what we're doing is trying to make it easier to build...

We will never get the cost of housing down until we go back to the levels of per capita construction that we had in the 1960s and 1970s. Current zoning laws make that impossible.