Zan Mandani is now declaring victory in New York City's Democratic mayoral primary. It's a a bit of a shocker at least uh for some maybe not in the past 24 hours, but compared to where people were thinking about this just maybe 72 hours ago, uh it definitely is. Joining us right now, Edward Skyler.He's the former deputy mayor in the Bloomberg administration. He's the head of enterprise services and public affairs at city. It's great to see you this morning.Thank you for having me. What do you think. Um I'm ...

Core Insights - The affordability of housing in major U.S. metros is severely constrained, with the typical household needing to spend 44.6% of their income to afford a median-priced home as of May 2025, significantly above the recommended 30% threshold [1][8] - Only three major metropolitan areas—Pittsburgh, Detroit, and St. Louis—allow median-income earners to purchase a median-priced home without exceeding 30% of their income [3][4] - High mortgage rates and home prices are the primary factors contributing to the lack of affordability in most large metros, with the average mortgage rate at 6.82% as of May 2025 [3][7] Affordability Analysis - In Pittsburgh, the median listing price is $249,900, requiring 27.4% of household income; in Detroit, it's $270,000 (29.8%); and in St. Louis, $299,900 (30.0%) [4][6] - Conversely, in Los Angeles, the median home price is $1,195,000, necessitating over 104% of the area's median income, indicating extreme unaffordability [5][6] - Other high-cost metros include San Diego, San Jose, New York, and Boston, all with affordability ratios exceeding 60% [5][6] Market Dynamics - Demand for affordable homes is increasing, particularly in the Midwest, where some markets still offer pathways to homeownership for median-income households [2][5] - The coastal markets, particularly in California, are experiencing a significant affordability crisis, with a high percentage of renters compared to homeowners [5][6] - The overall national median home price is $440,000, with a monthly payment of $2,930, reflecting the broader affordability challenges across the country [8] Potential Solutions - To improve housing affordability, strategies could include raising incomes or lowering housing costs through reduced mortgage rates or home prices [7] - Increasing the supply of affordable homes is critical, as many markets face a growing home supply gap, which has kept prices high [7]

今天分享的是：高盛：中国对新房的需求将保持低位（英文） 报告共计：14页 高盛报告核心内容总结：中国新房需求将持续低位运行 高盛发布报告指出，中国城市新房需求在未来一段时间内将保持低位，2025-2030年每年新增需求或略低于500万套，较2017年 2000万套的峰值下降75%，这一趋势由人口结构变化、政策转向及投资需求逆转等多重因素共同驱动。 人口结构变化抑制住房需求 中国人口在2021年达峰后开始下降，联合国预测未来人口将持续收缩，这使得人口增长对新房需求的贡献从2010年代的年均150 万套转为2020年代的-50万套和2030年代的-140万套。同时，城市化进程虽仍在推进，但速度明显放缓，2024年中国常住人口城 镇化率为67%，政府目标是2030年达到70%，这意味着2024-2030年每年城镇化率仅提高0.5个百分点，远低于2010-2020年的增 速，受此影响，城镇化对新房需求的贡献从2010年代的年均640万套降至2020年代的380万套和2030年代的280万套。不过，家庭 规模缩小在一定程度上抵消了人口和城镇化的负面影响，2000-2020年，中国城市"一代户"比例从27%升至50%，预 ...

We see the same thing you do in the in the housing market. It's it's tough. There's not uh people are locked in.They can't afford to get out of their house because the cost of getting to a higher mortgage higher higher price mortgage would be would be a lot. So, um the best thing we can do though is to get inflation sustainably down to 2% and have it stay there over a long period of time. A long period of time.And that that is really what we can offer to them. Um, and I think, you know, to so if you go back ...

After the bell Monday, homebuilder KB Home topped second-quarter revenue and profit estimates, but cut its full-year sales forecast as the housing market remains sluggish. https://t.co/0CumiuziNY ...

Well, KB Home cutting its revenue outlook for the year after reporting weak second quarter results. This is the housing market. It remains sluggish with existing home sales seeing their worst May since 2009.Joining me now, we've got Meredith Whitney, Meredith Whitney Advisory Group CEO. Meredith, good to have you back on Yahoo Finance with us. We we just heard remarks from Fed Chair Jerome Pal that he plans to keep rates on hold.So, what is the risk that that poses to the housing market. Well, the housing m ...

We realize that people are feeling high housing costs and high financing costs. Um, in terms of inflation, uh, we we look at something called owner's equivalent rent and rentals and and that's meant to capture both rented housing and owned housing. And it's been very sticky. You know, it's been one of the one of the stickiest parts of inflation.I'm happy to say now it actually is coming down quite regularly. That's very good news. That's been the part really, it's been the service inflation that's been stic ...

The gentleman from Wisconsin, Mr. . Style, who's also the chair of our subcommittee on digital assets, financial technology, and artificial intelligence. You're recognized for five minutes.Thank you, Chairman Hill. Thank you, Chairman Powell, for being with us today. I want to dive into two actions the Fed's recently taken uh to get a little additional color on.Yesterday, uh the Fed announced uh that reputational risk would no longer be a component in bank exams. Uh I viewed that positively. I viewed u the ...

Thank you so much, Mr. . Chairman. Um, Chair Pal, last month there was research published um in the Journal of Urban Health that found that more than half of black women of reproductive age, that's the term they use, in the counties that I represent that had experienced some sort of eviction during their lifetime.Um, so that's like 50% of black women in the two two largest county, Wayne County and Oakland County and Michigan. Um, and these numbers are horrific. Um, as you know, were you aware of that.No, I ...

NEW YORK, June 24, 2025 /PRNewswire/ -- S&P Dow Jones Indices (S&P DJI) today released the April 2025 results for the S&P CoreLogic Case-Shiller Indices. The leading measure of U.S. home prices recorded a 2.7% annual gain in April 2025, a slight decrease from the previous reading in March 2025. More than 27 years of history are available for the data series and can be accessed in full by going to https://www.spglobal.com/spdji/en/index-family/indicators/sp-corelogic-case-shiller/. YEAR-OVER-YEAR The S&P Cor ...