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Affordability is improving in 37 out of the 50 most populous metros in the U.S. as mortgage rates come down and household incomes gradually rise. However, in pricey coastal markets, most households still only earn about half of what is necessary to afford the typical home.
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January’s proptech funding data points to a market emphasizing scale, capital structure and operational durability over early experimentation.
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The House of Representatives passed the Housing for the 21st Century Act on Monday, which aims to improve affordability through a series of zoning, financing and regulatory overhauls.
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