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2025

California lawmakers consider whether housing supply and demand is real

California lawmakers approved a transit-oriented development bill but rejected a missing middle housing bill, reflecting ongoing debate over housing supply and affordability. Montana passed zoning reforms easing parking and height limits to boost housing. Washington enacted statewide rent control capping annual increases, with exemptions for newer buildings. In New Jersey, zoning rules limiting home...

California Home Sales Hover Below Great Recession Low, Sending Supply of Listings Surging

California's home listings surged to over 64,900 in April, a post-pandemic high, driven by a 50% year-over-year inventory rise amid weak sales below Great Recession lows. Despite rising inventory and sluggish sales, median home prices remain firm at $767,000. Experts warn prices may stagnate or decline if inventory continues to grow, with affordability and economic risks posing challenges to the...

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