Redfin

Congress passed a bipartisan housing bill aimed at reducing costs and increasing home construction, but President Donald Trump has refused to sign it until Congress passes legislation requiring proof of citizenship for voters. The bill, supported by the real estate industry and housing advocates, faces a delay due to Trump's conditional stance.

President Donald Trump has refused to sign the bipartisan 21st Century ROAD to Housing Act, which aims to reduce housing costs and increase home construction, until Congress passes legislation requiring proof of citizenship for all voters. The bill, supported by Congress and the real estate industry, includes measures to streamline construction and limit corporate landlords' influence but faces delays due to Trump's refusal.

President Donald Trump refused to sign the bipartisan 21st Century ROAD to Housing Act into law, citing a demand for legislation requiring voter citizenship proof. The bill aimed to reduce housing costs by streamlining construction processes and limiting corporate landlords' influence, but its delay may prolong challenges for homebuyers and renters in a struggling market.

Congress passed the 21st Century ROAD to Housing Act to address housing affordability by increasing supply and banning institutional investors from owning more than 350 single-family homes. However, economists warn the ban could harm low-income renters, as institutional investors own only 3% of single-family rentals and many renters cannot afford homeownership due to lower incomes and credit scores.

Single women now account for one in five U.S. homebuyers, more than double the share of single men. Despite economic challenges like high interest rates and low inventory, they are reshaping the housing market through preferences for specific home types and services, with first-time buyers earning a median income of $73,000—surpassing single men for the first time.

Angel Reese is selling her Lemont home for $1.45 million, two months after being traded from the Chicago Sky to the Atlanta Dream. The 3,600-square-foot property was purchased in April 2025 for $1.28 million through a limited liability company.

Angel Reese is listing her Lemont home for $1.45 million two months after being traded to the Atlanta Dream. The 3,600-square-foot property was purchased in April 2025 for $1.28 million and includes five bedrooms, three bathrooms, and amenities like a chef’s kitchen and three-car garage.

San Jose ranks second in the U.S. for home sellers pulling listings, with over 9% of listed homes withdrawn last month. High inflation, elevated mortgage rates, and unmet pricing goals are driving sellers to delist, reducing inventory and intensifying price pressures for buyers in the South Bay.

Chicago's new HomeGrown Purchase Assistance Grant offers eligible low- and moderate-income residents up to $70,000 for down payments and closing costs on homes in designated zones. Funded by a $21 million allocation from Mayor Brandon Johnson’s 2024 housing bond, the program begins June 8 and targets areas with high and low home price growth, respectively labeled Zone A and Zone B.

Gov. Ron DeSantis proposed a homestead property tax exemption plan that could reduce local government funding for schools, healthcare, and public safety. The plan requires legislative approval and voter support, with exemptions increasing to $250,000 or $500,000. It would immediately benefit 28% of homestead parcels and 76% if the exemption is raised to $500,000.

A household earning the average income would need to allocate 40% of its earnings to afford the typical U.S. home, according to Redfin. This analysis covers 49 U.S. cities, highlighting the financial strain of homeownership.

Zillow abruptly lost access to thousands of property listings in the Chicago area after filing a lawsuit against a private listing network owner and the nation's largest brokerage, accusing them of colluding to hide homes from consumers. The platform saw its Chicago market listings drop from nearly 5,000 to about 1,700 homes. Home buyers can still access listings through competing platforms like Redfin and Realtor.com.

Boomer empty nesters own nearly twice the share of homes with three-plus bedrooms compared to millennials with kids, making the housing market tighter. Millennial parents own 16% of large homes, while Gen Z parents own less than 1%. The highest shares of millennial families who own large homes are in Austin, Texas, and Columbus, Ohio.

The hottest neighborhoods in the US for 2026 are located in lesser-known parts of Florida and the Midwest, according to a report from Redfin. Home sale activity is expected to be high in these areas. The report highlights emerging neighborhoods.

New polling reveals only 25% of non-homeowners believe they can afford to buy a home within five years. Chen Zhao, head of economic research at Redfin, highlights concerns about housing affordability and income gaps.