The housing affordability crisis in the U.S. is escalating, with high housing costs leading to financial sacrifices for renters and homeowners. The battle between low inventory and affordability is driving up home prices, making life harder for locals in tourist destinations like Hawaii. Bills are being proposed to phase out short-term rentals, impacting housing availability and pricing.
The CPI report underscores how crazy the housing market is right now. In "normal" times, rising rates would temper home sales & prices. But given the dearth of inventory (white line), decent homes that do come to market are scooped up ASAP, helping push prices higher (blue line) https://t.co/4cSaGVrbt1
Soaring housing costs and a lack of public resources are making life for locals harder in the uber-popular tourist destination https://t.co/geTsD1poPP via @citylab
Soaring housing costs and a lack of public resources are making life for locals harder in the uber-popular tourist destination https://t.co/kypkbFkoDW
An Update on the House Price Battle Royale: Low Inventory vs Affordability https://t.co/61APPb5RbQ
High housing costs are forcing many renters and homeowners to make serious financial sacrifices, according to Redfin. https://t.co/YNndlwA0X1
Is this the end of Airbnbs in Hawaii? š: https://t.co/sqHYowG2AW https://t.co/DgGqhNjaRV
My latest for @SFGate about bills that could lead to potential phase outs of short-term rentals at the county level, those in Lahaina still fighting for dignified housing, and ways to keep potential inventory in the hands of locals https://t.co/xsI9UcC2HD
Visualizing the U.S. Housing Affordability Crisis https://t.co/4fG0fM7Anh
#HousePoor2024: Housing prices are eclipsing quality of life in America. How long before unhinged housing prices go dark? Welcome robust exchange to #ProtectHomebuyers Eager to hear from #BuyerAgents who've been thru Boom/Bust cycles - fellow #RESages https://t.co/fXhr4Ihi3r