The number of Canadians searching for homes in the U.S. on https://t.co/qcAMwKmnBA dropped 26.4% year over year in May. Canadians searching for homes in the U.S. started declining in February, when the White House implemented 25% tariffs on imports from Canada.
🗳️ 2024 Election & Housing Policy Update 🏡
Now that we are a few weeks out from the election, here is a 🧵 on the most impactful state + local housing measures and what they mean for the future of affordability. Here’s where we stand and what it means for the housing shortage👇
From Biden's just released housing plan:
This “lock-in” effect makes homeowners more reluctant to sell and give up that low [mortgage] rate, even in circumstances where their current homes no longer fit their household needs. The President is calling on Congress to provide a one-year tax credit of up to $10,000 to middle-class families who sell their starter home, defined as homes below the area median home price in the county, to another owner-occupant.
Recently, two of California's largest home insurance providers have halted policy sales, citing rising wildfire risk. A growing body of research shows the connections between climate and housing are multifold. Homeowners, renters, and policymakers need to prepare. Thread 🧵 1/13
Nearly one-third (30%) of 25-year-olds owned their home in 2022. That’s slightly higher than homeownership rates for millennials (28%) and Gen Xers (27%) when they were 25, and slightly lower than the rate for baby boomers (32%) when they were 25.
https://t.co/kEpP38lqo3
Why? because she’s brought a ludicrously capacious bag. What’s even in there, huh??? Flat shoes for the subway? Her lunch pail? I mean, Greg, it’s monstrous. It’s gargantuan. You could take it camping. You could slide it across the floor after a bank job.