Expensive housing markets are about to cross a symbolic threshold.
For the first time, Fannie Mae and Freddie Mac will back mortgages of more than $1 million in the country’s most expensive regions.
According to a paywalled article by Andrew Ackerman in the Wall Street Journal, the change is “a reflection of the rapid appreciation in home prices nationally over the past few years even as the mortgage market has recently cooled.”
“The maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac will rise to $1,089,300 next year in high-cost markets, such as parts of California and New York, from $970,800 this year, the Federal Housing Finance Agency said Tuesday,” according to the article.
FULL STORY: U.S. Government to Backstop Mortgages Above $1 Million in High-Cost Areas
Federal Eviction and Foreclosure Moratorium Extended Until the End of August
Breaking news: a federal moratorium on evictions and foreclosures of single-family mortgages backed by Fannie Mae and Freddie Mac will be extended until at least the end of August. The moratorium had been set to expire at the end of June.
Study: Vacation Rentals Compounding South Florida Housing Crisis
A new study suggests that short-term rentals are contributing to the region’s housing shortage and helping drive up costs for renter households.
Boston Mayor Fights for Rent Control
Mayor Wu says putting a rent control policy in place is just one of several ways the city plans to improve housing affordability and prevent evictions, but the proposal requires state approval.
The Right to Mobility
As we consider how to decarbonize transportation, preserving mobility, especially for lower- and middle-income people, must be a priority.
Early Sharrow Booster: ‘I Was Wrong’
The lane marking was meant to raise awareness and instill shared respect among drivers and cyclists. But their inefficiency has led supporters to denounce sharrows, pushing instead for more robust bike infrastructure that truly protects riders.
Push and Pull: The Link Between Walkability and Affordability
The increased demand for walkable urban spaces could make them more and more exclusionary if cities don’t pursue policies to limit displacement and boost affordability.
Orange County Project Could Go Forward Under ‘Builder’s Remedy’
The nation’s largest home builder could receive approval for a 530-unit development under an obscure state law as the city of La Habra’s zoning laws hang in limbo after the state rejected its proposed housing plan.
Memphis: Crime-fighting Camera Sheds Light on Police Abuse
The irony is unmistakable. Public surveillance cameras, long controversial in the criminal justice community, provided pivotal video footage of the beating of motorist Tyre Nichols by five Memphis police officers at a traffic stop on January 7.
How Autonomous Cars Could Impact Energy Use
The complex algorithms used by self-driving vehicle technology use massive amounts of energy, which could lead to a steep rise in carbon emissions as autonomous cars become more commonplace.
Texas A&M AgriLife Extension
York County Government
York County, Human Resources
HUD's Office of Policy Development and Research
HUD's Office of Policy Development and Research
Harvard GSD Executive Education
City of Culver City
Sonoma County Transportation Authority
City of Piedmont, CA
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
