YIMBY News for 11/3

[Eric Budd]

Housing Prices Show Signs of Slowing. Will It Last?

Governing

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KEYWORD SCORE: 43.47. affordable, apartment, construction, cost of housing, development, homeowner, house, housing, housing cost, housing price, income, rent, renter, single-family, supply, urban, zoning

In Brief: Home prices have risen sharply since the start of the pandemic. Median prices have started to level off in the last few months, with fewer sales in some areas. Experts don’t expect costs to drop dramatically. Housing has never been so expensive. The median sales price for a new house in August was $413,500, up from $321,400 five years ago. Average home prices are now five times higher than average incomes, an all-time record. Rents have been rising for years, and landlords across the country implemented particularly sharp increases during the pandemic. The cost of housing for homeown

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