One of the nation’s most ambitious and sweeping statewide laws intended to spur affordable housing development was signed into law in California at the end of September.
I believe we can now declare the era of Boise being the most overvalued housing market in America over. For two years, Idaho’s capital city led the nation in inflated home values.
Homebuyers backed out of contracts at a much higher rate in Sun Belt cities such as Jacksonville (26.1%), Las Vegas (23%) and Phoenix (21.6%), which “surged in popularity and price during the pandemic,” according to the report.
In Montana’s most in-demand communities more than 70 percent of residential areas either prohibit or penalize the building of multifamily housing, a zoning regulation fueling some of Montana’s housing shortage, according to a preliminary report released Monday by the Governor’s Housing Task Force.